Schuff International, Inc. reported consolidated earnings results for the year ended January 1, 2012. For the year, the company reported revenues of $392,161,000, operating loss of $2,412,000, loss before income tax provision of $3,201,000, net loss of $5,032,000 or $0.52 per basic and diluted share compared to the revenues of $287,566,000, operating income of $3,947,000, income before income tax provision of $2,650,000, net income of $1,280,000 or $0.13 per basic and diluted share for the previous year. Net cash used in operating activities was $3,475,000 compared to the net cash provided by operating activities of $18,211,000 for the previous year. Acquisitions of property, plant and equipment $3,395,000 compared to the $10,664,000 for the previous year.

Schuff International, Inc. announced that D. Ronald Yagoda and Phillip O. Elbert have been appointed to its board of directors to fill existing vacancies. The addition of these outside directors returns the company's board of directors to seven members. D. Ronald Yagoda is currently working as the managing member of DryAz Consulting, LLC of Scottsdale, Arizona, specializing in strategic and financial planning, merger and acquisitions, and assisting companies in raising capital. Phillip O. Elbert retired as Chairman of the board from Pitt-Des Moines, Inc. in 2002.

The Debt Investment Group of GB Merchant Partners announced the completion of a $30 million term loan to Schuff International Inc. This loan will be supported by the company's assets, specifically real estate. Schuff International is one of the largest steel fabrication and erection companies in the United States. The financing from GB Merchant Partners allowed company to take an opportunity to purchase, at a favorable price, stock from two major shareholders, and thereby, increasing stockholder value and support the company and provide the liquidity needed to allow Schuff to execute its strategic agenda.