Earle M. Jorgensen Co.: The Brea metals...

Earle M. Jorgensen Co.: The Brea metals distributor reported a net loss of $11.2 million for the second fiscal quarter, which included a onetime operating charge of $12.8 million for work-force reductions and asset write-downs. The company had a profit of $4.1 million for the second quarter a year ago. Revenue was up slightly to $243.4 million from $243.1 million. The company posted a net loss of $8.1 million for the first half, contrasted with net income of $7 million for the first six months of the previous fiscal year. Revenue rose 5% to $509.3 million from $485.5 million.