Quanex has reported an 8% increase in results for its second fiscal quarter ending 30 April, as well as a second quarter operating loss of USD 2.8 million compared to an operating loss of USD 8.6 million in the second quarter of 2013.
In its results for its second fiscal quarter ending 30 April, Quanex Building Products Corporation reported second quarter net sales up USD 135 million, an 8% increase over the second quarter of 2013.
“Despite poor weather throughout much of the second quarter and recent weakness in housing and construction data, we continued to enjoy encouraging growth in all of our product lines,” says Quanex CEO Bill Griffiths. “With the seasonally strongest part of the year ahead of us, Quanex is optimistic that it can sustain growth rates in the 8-9% range for the full year.”
Quanex saw a second quarter operating loss of USD 2.8 million compared to an operating loss of USD 8.6 million in the second quarter of 2013.
Meanwhile, its preliminary US window shipments, as reported by Ducker Worldwide, a market intelligence firm, increased 7.4% for the 12 months ending 31 March. North American domestic fenestration sales, the most comparable sales figure to those reported by Ducker, increased 8.1% from the previous 12 months.