Metals USA Holdings Corp announced record breaking results for the quarter ended June 30th 2008 which exceeded its previous record results posted in the second quarter of 2004. The Company recorded net sales for the second quarter of USD 593.1 million, a USD 112.2 million increase from the USD 480.9 million recorded during the second quarter 2007. Adjusted EBITDA for the quarter ended June 30th 2008 was USD 92.6 million, a 104% increase from the USD 45.5 million recorded in the second quarter 2007 and more than 60% higher than the Company's previous record posted for the second quarter 2004. Adjusted EBITDA is a non-GAAP financial measure used by Metals USA and its creditors to monitor the performance of the business.

Metals USA Holdings recognized depreciation and amortization expenses during the quarter of USD 5.8 million. Operating income, the GAAP measure that we believe is most comparable to Adjusted EBITDA, was USD 83.4 million for the second quarter, USD 44.0 million higher than the same period last year. Interest expense for the quarter was USD 19.9 million. Net income was USD 39.8 million, compared to USD 11.7 million recorded for the second quarter 2007, a USD 28.1 million increase.

Mr Lourenco Goncalves chairman, president & CEO of Metals USA Holdings said that "Despite the slowdown in the economy and historically low shipments from the service center industry this year, Metals USA produced our best quarter ever. We believe such a strong accomplishment was a direct result of our ability to gain market share and, at the same time, achieve price increases down the chain."

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.