Earle M. Jorgensen Company Posts 6.8% 3Q Sales Increase - Modern Distribution Management

Log In

Earle M. Jorgensen Company Posts 6.8% 3Q Sales Increase

Author
Date

Steel service center Earle M. Jorgensen Company had a 6.8% increase in revenues to $428.8 million in the third quarter ended Dec. 30, 2005. Profit for the third quarter was $18.2 million, compared with profit of $4.5 million for the same period in 2004.


For the nine months ended Dec. 30, 2005, revenues increased 11.5% to $1.2 billion from $1.15 billion for the same period last year. Profit for the first nine months was $59.6 million, an increase of 56.6% over the same period in 2005.


EMJ is a distributor of metal bar and tubular products in North America. It recently agreed to be acquired by Reliance Steel & Aluminum Co., Los Angeles, CA, for $934 million including assumption of $291 million in net debt. The transaction is expected to be completed in the second quarter of 2006.


Related Stories:
Steel Service Center Reliance Agrees to Buy Earle M. Jorgenson Company for $934M

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.