Metals USA earnings jump to $16.7M

Oct 21, 2011 | 03:20 PM | Corinna Petry

Tags  Metals USA, third quarter results. corinna petry

CHICAGO — National service center chain Metals USA Holdings Corp. posted net income of $16.7 million in the third quarter, a nearly three-fold increase from the same period last year, on sales that climbed 42.6 percent to $492.3 million.

"Despite headwinds from a less-than-ideal economic situation in the U.S. and a string of bad news every day, we were able to deliver strong results," chairman, president and chief executive officer Lourenco Goncalves said Friday during the company’s earnings call with analysts.....

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