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Reliance Steel and Aluminum Co Issues Q2 2013 EPS Guidance Below Analysts' Estimates; Announces Quarterly Cash Dividend


Thursday, 25 Apr 2013 08:50am EDT 

Reliance Steel and Aluminum Co announced that for second quarter of 2013, it expects earnings per diluted share (EPS) to be in the range of $1.10 to $1.20, which includes the incremental earnings from Metals USA beginning April 12, 2013 and excludes any one-time deal related costs. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.51 for second quarter of 2013. The Company also announced a quarterly cash dividend of $0.30 per share was declared on April 23, 2013 for shareholders of record as of May 31, 2013 and will be payable on June 21, 2013. 

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