EMJ to build $5M center in Oregon; tax rate jump trims quarterly profit

Oct 28, 2005 | 10:04 AM |

A tax-rate increase helped grease a 13.9-percent decline in net income for Earle M. Jorgensen Co. (EMJ) in its fiscal second quarter.

EARLE M. JORGENSEN CO.(in thousands except per share) 200520042nd qtr. endedSept. 28Sept. 29Revenue$412,916$389,271Net income$18,878$21,852Per share0.361.236 months endedSept. 28Sept. 29Revenue$856,888$750,907Net income$41,460$33,555Per share0.831.81Meanwhile, the Lynwood, Calif.,-based service center chain, which has been adding a number of smaller "satellite" facilities this year, will build a new, larger service center in Portland, Ore., for $5.1 million.....





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