Metals USA
Headquartered in Fort Lauderdale, Fla., Metals USA provides a wide range of products and services in the heavy carbon steel, flat-rolled steel, non-ferrous metals, and building products markets. It was acquired by Reliance Steel & Aluminum in 2013.
Latest News
Reliance Steel Gives 2014 Outlook, Reports 2013 Results
21 February 2014 - Reliance Steel & Aluminum Co. reported its financial results for the fourth quarter and full year ended 31 December 2013.
Cliffs Shareholder Backing Former Metals USA Leader for Vacant Cliffs CEO Position
12 February 2014 - Casablanca Capital LP, one of the largest shareholders of Cliffs Natural Resources Inc., with beneficial ownership of approximately 5.2%, announced that it is backing Lourenco Goncalves, former CEO of Metals USA, to fill the currently open position of chief executive officer of Cliffs.
Reliance Steel Completes Acquisition of Metals USA
15 April 2013 - Reliance Steel & Aluminum Co. has completed the previously announced acquisition of Metals USA Holdings Corp., adding a total of 48 service centers throughout the U.S. to its existing operations.
Metals USA Announces Stockholder Approval of Merger Agreement with Reliance Steel
11 April 2013 - Metals USA Holdings Corp. announced that its stockholders approved the adoption of the merger agreement, entered into on 6 February 2013, among Metals USA Holdings Corp., Reliance Steel & Aluminum Co. and RSAC Acquisition Corp.
Metals USA Announces End of "Go-Shop" Period, Termination of Antitrust Waiting Period
11 March 2013 - Metals USA Holdings Corp. announced the expiration of the 30 day "go-shop" period pursuant to the terms of the previously announced merger agreement between Metals USA Holdings Corp. and Reliance Steel & Aluminum Co.
Reliance Steel to Buy Metals USA in Deal Worth $1.2 Billion
06 February 2013 - Reliance Steel & Aluminum Co. and Metals USA Holdings Corp. announced a definitive merger agreement whereby Reliance Steel & Aluminum Co. will acquire all outstanding shares of Metals USA Holdings Corp. for US$20.65 per share in cash, representing an enterprise value of approximately US$1.2 billion.
Metals USA Reports Third Quarter Shipments 11.7% Higher Year-on-Year
22 October 2012 - Metals USA Holdings Corp. reported its results for a third quarter "characterized by a weak global business environment and no meaningful improvement in the domestic economy."
Metals USA Reports Improved First Half Results
23 July 2012 - Metals USA Holdings Corp. reported its results for the three and six month periods ended 30 June 2012.
Metals USA Reports First Quarter 2012 Results
20 April 2012 - Metals USA Holdings Corp. reported net sales for the first quarter of 2012, ended March 31, of $525.3 million, up 22% from net sales of $432.3 million recorded for the first quarter of 2011. Net income was $16.3 million, compared to first quarter 2011 net income of $12.4 million.
Metals USA Acquires Gregor Technologies
14 March 2012 - Metals USA Holdings Corp. has acquired Torrington, Conn., based Gregor Technologies, LLC, a provider of high-quality custom-crafted parts and assemblies and tailored solutions to OEM customers in several attractive end markets.
Metals USA reports 4th Quarter, Fiscal 2011 Results
31 January 2012 - Metals USA Holdings reported net income of $14.0 million on net sales of $455.7 million for the fourth quarter and net income of $64.6 million on net sales of $1.9 billion for the year ended December 31, 2011.
Metals USA Reports Q2 Sales and Volume Growth
26 July 2011 - Metals USA Holdings Corp. reported net sales for the second quarter of 2011, ended June 30, 2011, of $505.6 million, up 51% from a year ago. Net income for the second quarter was $21.5 million compared to $2.5 million for the same period in 2010.
Lakeside Steel, Metals USA Enter Services Agreement
15 June 2011 - Lakeside Steel Inc. has entered into a four-year contract with Metals USA for the provision of steel slitting and warehousing services to support Lakeside's new steel pipe and casing mill in Thomasville, Ala.
Metals USA Acquires The Richardson Trident Company
14 March 2011 - Metals USA Holdings has closed its acquisition of The Richardson Trident Company, including its eight processing centers located in Texas, Oklahoma, Georgia, California, and Massachusetts.
Metals USA Holdings Announces Department of Defense Contract Award
15 February 2011 - The Defense Logistics Agency has exercised its option to extend the existing Metals Prime Vendor contract with Metals USA Holdings Corp. to supply the Southeast Region of the United States.
Metals USA Reports 2010 Year-End Results
02 February 2011 - Metals USA Holdings Corp. reported net income of $3.1 million on net sales of $323.9 million for the fourth quarter and net income of $11.5 million on net sales of $1,292.1 million for the year ended December 31, 2010.
Metals USA Holdings to Acquire Eagle Steel Affiliate
23 November 2010 - Metals USA Holdings has entered into an agreement to purchase an affiliate of Eagle Steel Products that is to be named Ohio River Metal Services (ORMS).
Metals USA Reports Q2 2010 Results
23 July 2010 - Metals USA Holdings Corp. reported sales revenues of $335.0 million for the second quarter of 2010 ended June 30, 2010. This compares favorably to sales revenues of $287.9 million for the first quarter of 2010 and $267.8 million for the same period a year ago.
Metals USA Holdings to Join Russell 3000 Index
23 June 2010 - Metals USA Holdings Corp. is set to join the broad-market Russell 3000® Index when Russell Investments reconstitutes its U.S. and global equity indexes on June 25, according to a preliminary list of additions posted on Russell’s website.
Metals USA Reports 1st Quarter 2010 Results
27 April 2010 - Metals USA reported operating income of $12.7 million on sales revenues of $287.9 million for the three months ended March 31, 2010.
