Quanex Celebrates 40 Years with NYSE
08/11/2005 - Quanex Corp. recently celebrated 40 years with the New York Stock Exchange.
Quanex Corp. recently celebrated 40 years with the New York Stock Exchange.
When Quanex officially listed with the exchange 40 years ago, its first 100 shares traded at $27.25 a share and company sales were $43 million. Since that time, the stock has split 10 times, most recently in 2004, and the current stock price is around $60 per share. 2005 sales are expected to be about $2 billion. "While we are proud of our past accomplishments, our focus is on the future where we feel that our outstanding balance sheet and strong management team will create tremendous opportunities for continued growth," said Chairman and CEO Raymond Jean.
On August 2, Ray Jean, along with other members of the Quanex senior management team, rang the closing bell to end trading on the New York Stock Exchange, commemorating Quanex's initial listing on August 2, 1965.
Quanex is an industry-leading manufacturer of engineered materials and components for the vehicular products and building products markets.