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Quanex Building Products Corporation Fiscal 2012 Third Quarter Results

Reported Operating Income of $0.04 Per Diluted Share

Insulating Glass Spacer Facility Consolidation Completed in August

Engineered Products Group Outperformed Its End Market

Cash & Equivalents of $62 million

HOUSTON, Sept. 4, 2012 (GLOBE NEWSWIRE) -- Quanex Building Products Corporation (NYSE:NX), a leading manufacturer of engineered materials, components and systems serving domestic and international window and door OEMs through its Engineered Products and Aluminum Sheet Products Groups, today released fiscal 2012 third quarter results for the period ending July 31, 2012.

Third quarter 2012 consolidated net sales were $237.9 million, compared to $252.4 million a year ago. Third quarter 2012 diluted income from continuing operations was $0.04 per share compared to diluted income of $0.24 share a year ago. The table below details certain income/expense items recognized in the third quarter of 2012 and 2011.

 

Per Diluted Share Segment 3 rd qtr 2012 3 rd qtr 2011
       
Income As Reported   $0.04 $0.24
Impact on EPS:       
 Strike Related Nichols ($0.03)  ---
 IG Facility Consolidation EPG ($0.04)  ---
 IG Warranty EPG  $0.02  ---
 Transaction Related Corp  --- ($0.02)
 ERP Implementation Corp ($0.03) ($0.01)
 LIFO Corp  --- ($0.03)

Engineered Products Group (EPG) is focused on providing window and door OEMs with fenestration components, products, and systems. Key end markets are residential repair & remodel (R&R) and new home construction.

EPG's third quarter 2012 net sales were $134.1 million compared to $124.1 million a year ago. The 8% improvement in sales was predominantly related to higher vinyl extrusion sales.

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