Quanex Corp (NX) ニュース

BREAKING NEWS: $NX Quanex Building Products (NX) Q3 2020 Earnings Call Transcript

Image source: The Motley Fool. Quanex Building Products   (NYSE: NX) Q3 2020 Earnings Call Sep 04, 2020 , 11:00 a.m. ET Operator Continue reading

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News: $NX Quanex Building Products Announces CEO Transition

George Wilson Elected President and Chief Executive Officer Bill Griffiths to Remain as Executive Chairman HOUSTON, TEXAS, Dec. 11, 2019 (GLOBE NEWSWIRE) -- Quanex Building Products Corporation (NYSE: NX) (“Quanex” or the “Company”) today announced that G...

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News: $NX Quanex Building Products Announces Fourth Quarter and Fiscal Year 2019 Results

Significant Margin Expansion Above Market Growth in NA & EU Fenestration Segments Repaid $35 Million of Bank Debt in 4Q19 & $52.5 Million in FY19 HOUSTON, Dec. 11, 2019 (GLOBE NEWSWIRE) -- Quanex Building Products Corporation (NYSE:NX) (“Quanex” or the &#...

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Quanex to Spin Off, Sell
Unit in $1.7 Billion Deal
By KATHY SHWIFF
November 20, 2007

Quanex Corp. said it will split itself in two, spinning off its building-products unit to shareholders and selling its automotive-parts business to Brazilian steelmaker Gerdau SA for about $1.57 billion.

The planned sale values Quanex's vehicle business at $39.20 a share. The Houston industrial company's stock rose $12.01, or 33%, to $48.75 in 4 p.m. New York Stock Exchange composite trading, a price that reflects the part of the company being spun off and procceds from the sale to Gerdau.

Quanex said in May that it was considering a possible sale, spinoff or joint venture of its building-products business, which includes the manufacturing of aluminum siding, windows and doors. The building-products segment's sales are estimated at $964 million for the fiscal year ended Oct. 31. Quanex's total sales for the fiscal year are estimated at $2.06 billion.

Quanex, through its steel arm MacSteel, produces special bar-quality steels, operating at three minimills. In July, Gerdau acquired U.S. steelmaker Chaparral Steel Co. for $4.2 billion. Three months later, Gerdau acquired construction-products maker Enco Materials Inc. for an undisclosed amount.

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