AP NEWS

Quanex: Fiscal 1Q Earnings Snapshot

March 5, 2020 GMT

HOUSTON (AP) _ Quanex Building Products Corp. (NX) on Thursday reported fiscal first-quarter net income of $10,000, after reporting a loss in the same period a year earlier.

The Houston-based company said it had net income of less than 1 cent on a per-share basis. Earnings, adjusted for non-recurring costs, came to 4 cents per share.

The housing materials maker posted revenue of $196.6 million in the period.

Quanex shares have declined roughly 3% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $16.63, a drop of slightly more than 2% in the last 12 months.

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