Quanex: Engineered Products Group reports increase in net sales

Quanex’ Engineered Products Group (EPG), which includes Edgetech I.G., has reported a 5.2% increase in net sales for the fourth quarter of fiscal-year 2012. According to the company, the surge also came from the April 2011 acquisition of Edgetech and its higher vinyl extrusion sales.

The Engineered Products Group (EPG) of Quanex has reported its net sales for the fourth quarter of fiscal-year 2012 as USD 136.4 million, compared with USD 129.6 million a year ago – a 5.2% increase. The Houston-based company attributes the increase to sales of higher insulating glass (IG) spacers and vinyl extrusions.
The EPG, which includes Edgetech I.G., saw an operating income of USD 13.5 million for the quarter, compared with USD 14.9 million from the fourth quarter of fiscal-year 2011. For the full year, the EPG reported net sales of USD 478.6 million, compared to USD 420.3 million last year. According to the company, the surge also came from the April 2011 acquisition of Edgetech and its higher vinyl extrusion sales.
Overall, Quanex reported consolidated fourth-quarter 2012 net sales of USD 235.0 million, compared to USD 233.0 million a year ago. The company’s consolidated net sales for 2012 were USD 829.0 million, compared to USD 848.3 million last year.