Quanex posts 1Q profit

HOUSTON (AP) _ Quanex Building Products Corp. (NX) on Monday reported fiscal first-quarter net income of $4.9 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Houston-based company said it had net income of 14 cents. Losses, adjusted for pretax gains, were 4 cents per share.

The housing materials maker posted revenue of $191.7 million in the period.

Quanex shares have declined 25 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $17.45, a fall of nearly 9 percent in the last 12 months.

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