Quanex 1st-qtr earns up, sees higher Q2, '03 EPS

Newswire

HOUSTON, Feb 26 (Reuters) - Quanex Corp. , a maker of materials used for automobiles and building products, on Wednesday said first-quarter net income rose more than 23 percent, helped by a strong housing and remodeling market and lower interest expense. The Houston company reported a net profit of $6.8 million, or 41 cents a share, compared with $5.5 million, or 39 cents a share, a year ago. Net sales rose 12 percent to $229.5 million. Looking ahead, Quanex said it will continue to ...

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