| Headquartered in Houston, Texas, Quanex Corporation
is an industry-leading manufacturer of engineered materials
and components for vehicular products and building products
markets. Quanex Corporation common stock is traded on
the NYSE under the symbol NX.
|
Top
of Page
2006 Performance Highlights
The results cited below represent breakthrough performance
in many respects:
- Diluted EPS from continuing operations was $4.09, our second best year; diluted EPS was $4.08, the best ever!
- Return on invested capital was 19.4%.
- Stockholders’ equity increased 15% to $759 million; return on equity was 22.6%.
- We paid a 3-for-2 stock split in the form of a stock dividend and increased the cash dividend to $0.14 per quarter, or $0.56 per year, the 15th increase in 18 years; dividends have been paid for 75 consecutive quarters.
- In down markets, we grew annual revenue and surpassed $2 billion for the first time in our history.
- Cash provided by operating activities was a strong $190 million, and after investing $72 million in our businesses, the most in a single year, we generated $118 million of free cash flow.*
- We repurchased $58 million, or 4%, of our shares outstanding and ended the year with a strong balance sheet having a total debt less cash to capitalization ratio of 3%.
* Click here
for Non-GAAP reconciliation.
Top
of Page
Quanex
Annual Shareholder's Meeting
The Annual Meeting of Shareholders will be held at 8:00a.m.
on Thursday, February 27, 2007, at Quanex's corporate office,
1900 West Loop South, Suite 1500, Houston, Texas 77027.
Top of
Page
|
 |
