Businessweek

Quanex Building Products Corporation announced that on April 3, 2013, Deborah M. Gadin, principal accounting officer, informed about her resignation, effective on or before June 30, 2013.

Quanex Building Products Corporation announced unaudited consolidated earnings results for the first quarter ended January 31, 2013. The company reported consolidated first quarter 2013 net sales were $185.7 million, compared to $161.6 million a year ago. First quarter 2013 net loss was $8.1 million, or $0.22 per diluted share compared to loss of $6.7 million, or $0.18 per diluted share in the year ago quarter. Consolidated EBITDA, a non-GAAP measure, was a loss of $4.0 million, compared to a loss of $1.6 million a year ago. The increased first quarter net loss per share was due primarily to higher corporate expenses from acquisition-related transaction costs and ongoing ERP implementation costs. Book value per common share was $11.20. Operating loss was $13.685 million against $11.304 million a year ago period. Loss before income taxes was $13.915 million against $11.213 million a year ago period. Cash used for operating activities was $30.340 million against cash provided by operating activities of $2.073 million a year ago period. Capital expenditures were $11.500 million against $8.024 million a year ago period. Adjusted net loss was $6.3 million or $0.17 per share compared to $6.2 million or $0.17 per share a year ago period. For 2013, the company estimates capital expenditures of $40 million (inclusive of the $10-$13 million guidance previously given for Nichols Aluminum), depreciation and amortization expense of $46 million (including $6.2 million of ERP-related depreciation). The company’s total spend for the year for repair and maintenance for 2013 is expected to be slightly below spend in 2012 for the full year.

Quanex Building Products Corporation announced that they will report Q1, 2013 results at 9:00 AM, Eastern Standard Time on Mar 07, 2013

Quanex Building Products Corporation, Q1 2013 Earnings Call, Mar 07, 2013

Quanex Building Products Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.04 per share on the company's common stock, payable March 29, 2013, to shareholders of record on March 15, 2013.