Profit fell 25.6 percent to $81 million.
Latest In Metals Service Centers
Profit for Reliance also saw a double-digit decline.
Tons sold increased 5.4 percent.
Reliance will purchase Fort-Lauderdale-based Metals USA for $1.2 billion.
Recapitalization enables penetration of new geographies and metal categories.
Relative strength in aerospace, energy, farm & heavy equipment and auto continue to offset weakness in non-residential construction.
Metals service center focuses on the oil and gas industry.
Sales for Alabama-based GM in 2011 were $44 million.
The growth occurred despite a 2 percent decrease in price per ton.
Acquisition of Airport Metals is Reliance Steel & Aluminum's first entry into Australia.
Russel Metals will pay $30 million to acquire the metals distribution and processing center.
Steel service center Reliance also reports first-quarter sales up 13% from last year.
'It was like tripping over a gigantic jewel on the sidewalk,' Shale-Inland CEO says.
Energy (oil & gas), agriculture and mining industries showed the most strength in 2011.
McKey had sales in 2011 of $18 million.
Profit for the metal services center grew 74 percent year-over-year.
Worthington's Pressure Cylinders segment announced the acquisition of STAKO, a producer of automotive LPG tanks.
Transaction valued at $415 million.
Profit for the metal services center improved 60 percent year over year.
Fourth quarter sales increased 7.9 percent.
