Earle M. Jorgensen Co.

The Brea metal distributor reported fiscal fourth-quarter net income of $12.3 million, compared with a net loss of $300,000 for the like period last year, which included an extraordinary charge of $9.1 million for early retirement of debt. Revenue for the quarter ended March 31 declined 17% to $228 million from $274.5 million. For the year, net income rose 55% to a record $24.5 million from $15.8 million. Revenue was down 13% to $915.8 million from $1.1 billion.