April 5, 2001 |
With the steel supply business struggling in the economic slowdown, Earle M. Jorgensen Co. has forged a profitable strategy from improved technology and a diverse customer base. Despite a heavy debt load from a buyout 11 years ago, the Brea company has improved year-to-year profits for six straight quarters and was the only major distributor to post higher earnings in the last half of 2000.
January 19, 2001
Brea metal distributor Earle M. Jorgensen Co. said net income for the fiscal third quarter totaled $3.6 million, up from $1.6 million a year ago. The income figure for the third quarter a year earlier included a net loss of $2.2 million from the sale of fixed assets, including the company's operations in Hawaii. Revenue for the quarter ended Jan. 2 rose 13% to $259.5 million.
July 23, 1999
Earle M. Jorgensen Co.: The Brea metal distributor reported net income of $4 million for the first fiscal quarter ended June 30, 52% lower than the $8.3 million posted a year ago. Revenue declined 12% to $220.9 million from $250.6 million. The company said the results reflected a weakness in steel prices and reduced shipments to several key industries, including agricultural equipment and oil services.