Metals USA’s earnings drop but gross margin preserved
Feb 06, 2013 | 04:23 PM
|
Tags
Metals USA Holdings,
earnings report,
Lourenco Goncalves,
shipments,
inventories,
margins
CHICAGO — Service center operator Metals USA Holdings Corp. posted net income of $3.7 million for the fourth quarter, down 73.6 percent from $14 million in the same period a year earlier, on sales that slipped 4 percent to $437.5 million.
Its fourth-quarter results included a non-recurring pre-tax expense of $6.3 million on debt extinguishment in connection with the company’s senior secured note refinancing, $600,000 for non-cash pretax annual pension expenses and $200,000 for pre-tax expenses attributable to secondary offering costs.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here