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Reliance Steel & Aluminum Co (RS.N)

RS.N on New York Stock Exchange

71.40USD
26 Sep 2016
Change (% chg)

$-0.23 (-0.32%)
Prev Close
$71.63
Open
$71.20
Day's High
$71.85
Day's Low
$71.08
Volume
136,212
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186,283
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$84.21
52-wk Low
$50.09

Latest Key Developments (Source: Significant Developments)

Reliance Steel & Aluminum Co Q2 earnings $1.38/share
Thursday, 21 Jul 2016 06:50am EDT 

Reliance Steel & Aluminum Co : Reports second quarter 2016 financial results . Q2 non-GAAP earnings per share $1.36 . Q2 earnings per share $1.38 . Q2 earnings per share view $1.30 -- Thomson Reuters I/B/E/S . Q2 sales $2.2 billion versus I/B/E/S view $2.31 billion . Says metals pricing environment for carbon steel products was favorable in Q2 of 2016 . Sees Q3 2016 non-GAAP earnings per share $1.25 to $1.35 . Says regular quarterly dividend increased by 6.3 percent . Says expects its average selling price in q3 of 2016 will be up 1 percent to 3 percent from Q2 of 2016 . Says quarterly cash dividend of $0.425 per share . Says estimates tons sold to be down 1 percent to 3 percent in Q3 of 2016 . Q3 earnings per share view $1.30 -- Thomson Reuters I/B/E/S .Says expects drilling activity levels to remain under pressure for foreseeable future.  Full Article

Reliance Steel & Aluminum Co gives Q2 2016 EPS guidance
Thursday, 21 Apr 2016 06:50am EDT 

Reliance Steel & Aluminum Co:Expects Q2 2016 non-GAAP earnings per diluted share (EPS) to be in the range of $1.15 to $1.25.  Full Article

Reliance Steel & Aluminum Co gives Q1 2016 EPS guidance
Thursday, 18 Feb 2016 06:55am EST 

Reliance Steel & Aluminum Co:Expects Q1 2016 Non-GAAP earnings per diluted share to be in the range of $0.80 to $0.90.  Full Article

Reliance Steel & Aluminum Co subsidiary AMI Metals, Inc. Awarded Five-Year Contract By BAE SYSTEMS
Tuesday, 2 Feb 2016 06:50am EST 

Reliance Steel & Aluminum Co:Announced that its subsidiary, AMI Metals, Inc has been awarded a multi-year contract by BAE SYSTEMS to provide aluminum plate to support the requirements for the F-35 Joint Strike Fighter, Hawk, and Typhoon programs.The five-year contract, with an estimated value of $100 million, runs January 1, 2017 through December 31, 2021, with the possibility of additional years.  Full Article

Reliance Steel & Aluminum Co. Agrees to Acquire Tubular Steel, Inc.
Tuesday, 1 Dec 2015 06:50am EST 

Reliance Steel & Aluminum Co:Says that it has reached an agreement to purchase all of the outstanding capital stock of Tubular Steel, Inc., distributor and processor of carbon, alloy and stainless steel pipe, tubing and bar products.transaction is expected to close in early 2016, subject to regulatory approval and customary closing conditions.terms of the transaction were not disclosed.  Full Article

Reliance Steel & Aluminum Co secures contract By Lockheed Martin
Monday, 19 Oct 2015 08:50am EDT 

Reliance Steel & Aluminum Co:Subsidiary ami metals, inc. awarded multi-year contract by Lockheed Martin to provide aluminum flat rolled material for f-35 joint strike fighter program.Says five year contract, with an estimated value of $300 million, runs Jan. 1, 2017 through Dec. 31, 2021.  Full Article

Reliance Steel & Aluminum Co gives Q3 2015 EPS guidance
Thursday, 23 Jul 2015 08:50am EDT 

Reliance Steel & Aluminum Co:Sees Q3 2015 earnings per diluted share to be in the range of $0.95 to $1.05.  Full Article

Reliance Steel & Aluminum Co. Announces Executive Leadership Succession
Wednesday, 27 May 2015 08:50am EDT 

Reliance Steel & Aluminum Co:Says appointment of Gregg J. Mollins as Chief Executive Officer and President of Reliance. David H. Hannah has transitioned to the role of Executive Chairman.Says Karla Lewis was promoted to senior executive vice president and Chief Financial Officer.  Full Article

Reliance Steel & Aluminum Co gives Q2 2015 EPS guidance in line with analysts' estimates
Thursday, 23 Apr 2015 08:50am EDT 

Reliance Steel & Aluminum Co:Expects Q2 2015 earnings per diluted share to be in the range of $1.05 to $1.15.Q2 2015 EPS of $1.10 - Thomson Reuters I/B/E/S.  Full Article

Reliance Steel & Aluminum Co announces leadership succession plan - Form 8-K
Monday, 2 Mar 2015 04:56pm EST 

Reliance Steel & Aluminum Co:Says on March 2, it announced its executive leadership succession plan pursuant to which David H. Hannah, chief executive officer and chairman, will transition from his position as chief executive officer effective May 20.Says Hannah will remain on the board as executive chairman until July 2016 and will remain involved in the company’s daily operations until his departure, at which time an independent, non-executive chairman will be appointed.Says in conjunction with Hannah’s transition, it appointed Gregg J. Mollins as the chief executive officer and president effective on the effective date.  Full Article

BRIEF-Reliance Steel & Aluminum acquires all of Alaska Steel's capital stock

* Acquired all of capital stock of Alaska Steel Company, terms of transaction were not disclosed Source text for Eikon: Further company coverage: