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Earle M Jorgensen Co

BUSINESS
April 5, 2001 | E. SCOTT RECKARD, TIMES STAFF WRITER
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.
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BUSINESS
July 19, 1998
Earle M. Jorgenson Co.: The Brea metal distributor posted net income of $8.3 million for the first fiscal quarter ended June 30, 48% higher than the $5.6 million reported a year ago. Revenue declined 4% to $250.6 million from $259.9 million.
BUSINESS
April 28, 2000
The Brea metals distributor posted net income of $14.7 million for its fiscal fourth quarter ended March 31, compared with earnings of $12.3 million in last year's final three months. Quarterly revenue rose to $268.8 million from $228 million. For the year, the company earned $24 million, compared with $24.5 million earned the previous year. Annual revenue rose to $938.3 million from $915.8 million. The company did not disclose per-share earnings.
BUSINESS
January 31, 1990 | GEORGE WHITE, TIMES STAFF WRITER
New York merchant banker Kelso & Co. will acquire and merge two independent distributors of metal products--the Lynwood-based Earle M. Jorgensen Co. and the Brea-based Kilsby-Roberts Holdings Inc.--under an agreement announced Tuesday. Kelso, which already owns about 5% of privately held Kilsby-Roberts, will pay $75 million for the remainder of Kilsby-Roberts and $261 million--$41.50 per share--for Jorgensen.
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