Quanex Building Products (NX) Reports Large Q2 Loss; Comments on Outlook
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Quanex Building Products Corporation (NYSE: NX) reports a Q2 loss of $0.38 vs. consensus for $0.18 loss. Revenues were $113.2 million vs. $118.02 million consensus.
"At this time and subject to change, we expect our Engineered Products segment to report some $12 million to $15 million of operating income in the second half of the year, and our Aluminum Sheet Products segment to approach breakeven in the same period. Second half segment estimates exclude corporate expenses. For the company, we expect to report a loss for fiscal 2009 as previously reported, excluding impairment charges and LIFO income." [SM]
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