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MacSteel Quanex
Latest News
Quanex Expects Record Diluted EPS from Continuing Operations in Q2
21 April 2005 - Quanex Corp. announced that it expects to report record fiscal second quarter diluted earnings per share from continuing operations when results are announced on May 26, 2005. Diluted earnings per share from continuing operations are expected to be in the range of $1.80 to $1.85, compared to the $0.43 reported in the year-ago quarter.
Macsteel Service Centers Acquires Alpha Steel
20 April 2005 - Macsteel Service Centers USA Inc. has acquired the business and assets of PHA Steel, LLC, operating under the brand name Alpha Steel, a privately owned steel service center located in Hammond, Ind. Terms of the purchase were not disclosed.
MacSteel Plans New Ladle Met Degasser for Fort Smith
01 April 2005 - MacSteel has awarded SMS Demag Inc. a contract for the engineering and supply of a 60-ton twin tank car vacuum degasser and ladle furnace for the company’s Arkansas Division in Fort Smith, Ark.
Quanex Approves Capital Project for MacSteel
23 March 2005 - Quanex Corp.’s Board of Directors has approved Phase 9, a $38 million value added capital improvement project for its MacSteel Monroe facility.
Quanex Announces Purchase of Besten
22 March 2005 - Quanex Corp. announced the purchase of privately held Besten Inc., located in Cleveland, Ohio.
Quanex Reports First Quarter 2005 Results
01 March 2005 - Quanex Corp. reported record net income from continuing operations of $33.7 million on record net sales of $470.2 million for its fiscal first quarter.
Quanex Sells Piper Impact
27 January 2005 - Quanex Corp. announced the sale of Piper Impact, the company's cold forged impact extrusion business, to Piper Metal Forming Corp., a privately held company.
Quanex Completes Purchase of Mikron Industries
14 December 2004 - Quanex Corp. announced the closing of the stock purchase of privately held Mikron Industries, for $205 million in cash.
Quanex Raises Cash Dividend, Declares 3-for-2 Stock Split
03 December 2004 - Quanex Corp. announced that its Board of Directors raised the company's common stock cash dividend by 6.5%, or $0.05 per share on an annualized basis. In a separate action, the Board declared a three-for-two stock split in the form of a 50% stock dividend.
Quanex to Expand and Modernize MacSteel Ft. Smith Facility
15 September 2004 - Quanex Corp.’s Board of Directors has approved a $20 million expansion program (Phase VIII) for MacSteel.
Quanex Updates Third Quarter Outlook
24 July 2004 - Quanex Corp. expects to report third quarter diluted earnings per share from continuing operations in the range of $1.20 to $1.25 when financial results are reported on August 26, 2004. The company commented that its guidance includes an estimate for an expected third quarter LIFO charge, the result of rising raw material costs. The current earnings outlook is up from previous guidance as Quanex continues to experience strong demand and margin improvements, together with results from its two recent acquisitions that continue to exceed expectations.
Quanex Files Registration Statement for Resale of Convertible Debentures
08 July 2004 - Quanex Corp. has filed a registration statement with the Securities and Exchange Commission (SEC) to register for resale its 2.50% Convertible Senior Debentures due 2034, and any shares of Quanex common stock issuable upon conversion of the debentures.
Quanex Announces 2nd Quarter Results
04 June 2004 - Quanex Corp. announced record net income of $11.5 million on record net sales of $406.0 million for the fiscal second quarter ending April 30, 2004. Results included three months results from the company's acquisitions of MacSteel Monroe and TruSeal Technologies.
Quanex 2nd Quarter Segment Analysis
04 June 2004 - Vehicular Products Segment—"North American light vehicle builds remained at very robust levels during the quarter and MacSteel's operations ran close to their rated capacity,” comments Jean. “Backlogs in the third quarter remain healthy, although light vehicle inventories at the retail level are a concern. Our Vehicular Products segment also benefited from excellent heavy duty truck production during the second quarter, which continues to outpace year ago figures by nearly 50%.
Quanex Expects Record Q1 Earnings
18 January 2004 - Quanex Corp. expects to report record fiscal first quarter diluted earnings per share from continuing operations when results are announced on February 24, 2005.
