Metals USA Holdings Q1 2010 results

Metals USA Holdings Corp. has reported its results for the three months ended 31 March 2010. Operating income for the first quarter of 2010 was USD 12.7 million as compared to an operating loss of USD 20.9 million recorded for the three months ended 31 March 2009. Sales revenues for the first quarter of 2010 were USD 287.9 million as compared to sales revenues of USD 330.2 million for the first quarter of 2009. Metal shipments for the first quarter of 2010 were 249,000tns as compared to first quarter of 2009 shipments of 248,000tns. The quarter ended with net income of USD 0.1 million, exceeding previously issued guidance for net income of USD 1.2 to USD 0.4 million.

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