.gif?width=220&height=200&mediaprotectionhash=b13da841472e6e7ed500ee35df2a350aaf53d75246118b33ea2095cc7e9a3fc4&ext=.gif)
Service Centers
The latest news on companies processing and distributing steel products.
Latest News
Olympic Steel Reports Record 3rd Quarter Income
20 October 2004 - Olympic Steel, Inc. reported net income of $18.6 million on net sales of $244.1 million for the third quarter — the highest quarterly results in company history — for the third quarter ending September 30, 2004.
Maverick Tube Reports Record 3rd Quarter Results
19 October 2004 - Maverick Tube Corp. reported net income of $68.5 million on net sales of $400.7 million, and net income of $155.3 million on net sales of $1,060.1 million for the third quarter and nine months ended September 30, 2004, respectively.
Olympic Steel Withdraws Registration for Public Offering
15 October 2004 - Olympic Steel, Inc. has withdrawn its S-3 registration statement with the Securities and Exchange Commission relating to a proposed public offering of 2,817,500 shares of its common stock. The registration statement had not become effective and no securities were sold under this S-3.
Maverick Tube Revises 3rd Quarter Earnings Guidance
12 October 2004 - Maverick Tube Corp. announced its expectation to exceed the previously announced earnings range of $1.20 to $1.40 for the third quarter.
Gibraltar Declares 3-for-2 Stock Split
06 October 2004 - Gibraltar’s Board of Directors has authorized a 3-for-2 stock split in the form of a 50% stock dividend. The company also said that it will retain its current per-share dividend rate, which is currently $.20 annually and is paid quarterly at $.05 per share.
EMJ Files IPO Registration Statement
05 October 2004 - Earle M. Jorgensen Co. has filed a registration statement with the Securities and Exchange Commission (SEC) relating to the initial public offering of its common stock. The offering will consist of shares to be offered by Earle M. Jorgensen Co.
Ryerson Tull Appoints Two Directors
30 September 2004 - The Ryerson Tull, Inc. Board of Directors announced that it has appointed Russell M. Flaum and Anre Williams to the company's board of directors.
Gibraltar Increases 3rd Quarter Earnings Expectations
29 September 2004 - Gibraltar is raising its third-quarter earnings estimate to the range of $.76 to $.79. The anticipated results continue the trend of higher-than-expected levels of business activity and increased market penetration that began during the first quarter of the year.
Steel Technologies Anticipates Record 4th Quarter Results
28 September 2004 - Steel Technologies expects to report record volume, sales, and earnings for the fourth quarter ending September 30, 2004.
Gibraltar Names Vice President of Supply Chain Management
10 September 2004 - Gibraltar has named John E. Wagner Vice President of Supply Chain Management, effective immediately.
Steel Technologies Announces New Credit Facility
08 September 2004 - Steel Technologies Inc. has entered into a five-year, $135 million Unsecured Revolving Credit Facility with its existing syndicated banking group. The new credit facility replaces a $151 million unsecured credit facility that was scheduled to mature on August 31, 2005. The transaction became effective September 2, 2004, and will mature on September 2, 2009.
Avon Engineering to Supply Coil Packaging Line for Central Plains Steel
18 August 2004 - Avon Engineering Limited of Waterdown, Ont., Canada, has been selected to design and build a new coil packaging system for Central Plains Steel Co. in Kansas City, Kan. Central Plains Steel Co. is a subsidiary of Reliance Steel & Aluminum Co.
Metals USA Announces Change in Division Leadership
17 August 2004 - Metals USA, Inc. announced that E. L. (Tom) Thompson has retired from the company effective August 13, 2004. "We thank Tom for the contributions he has made to our Company over the past five years. We wish Tom the very best," said C. Lourenco Goncalves, President and CEO of Metals USA.
Gibraltar Extends Roofing Products Line with Portals Plus
16 August 2004 - Gibraltar has acquired Portals Plus Inc. and its affiliated companies, Roofing Products & Systems Corp. and J.L.R. Services, Inc. (Portals Plus).
Ryerson Tull Completes Acquisition of J&F Steel
03 August 2004 - Ryerson Tull, Inc. announced completion of its acquisition of J&F Steel.
Olympic Steel Reports Record Results for 2nd Quarter
30 July 2004 - Olympic Steel, Inc. announced highest-ever net income of $18.5 million on net sales of $222.8 million for the second quarter and net income of $29.3 million on net sales of $409.8 million for the six months ended June 30, 2004.
Gibraltar Reports Record Quarterly Results
29 July 2004 - Gibraltar announced net income of $15.4 million on sales of $257 million for the second quarter, and net income of $24.8 million on sales of $469 million for the first six months of 2004.
Russel Metals Announces 2nd Quarter Earnings
27 July 2004 - Russel Metals Inc. reported net earnings of $50.4 million on revenues of $597 million for the second quarter of 2004.
Ryerson Tull Reports Second Quarter Profit
23 July 2004 - Ryerson Tull, Inc. reported net profit of $21.3 million on net sales of $794,706 million for the second quarter of 2004.
Maverick Tube Reports Record 2nd Quarter Results
21 July 2004 - Maverick Tube Corp. announced net income of $58.0 million on net sales of $348.1 million for the quarter and net income of $86.7 million on net sales of $659.4 million for the six months ended June 30, 2004.
