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Reliance Steel & Aluminum Co

rs

Latest Trade

119.25USD

Change

0.00(0.00%)

Volume

345,673

Today's Range

118.45

 - 

120.88

52 Week Range

69.06

 - 

122.17

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Reliance Steel & Aluminum Co Remains Optimistic About Business Conditions In Q4

Oct 24 (Reuters) - Reliance Steel & Aluminum Co <RS.N>::. REPORTS THIRD QUARTER 2019 FINANCIAL RESULTS.Q3 EARNINGS PER SHARE $2.40.Q3 EARNINGS PER SHARE ESTIMATE $1.95 -- REFINITIV IBES DATA.SEES Q4 2019 NON-GAAP EARNINGS PER SHARE $1.60 TO $1.70.Q3 SALES $2.69 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.67 BILLION.QTRLY TONS SOLD 1,476.6, DOWN 2%.QTRLY AVERAGE SELLING PRICE PER TON SOLD $1,807, DOWN 5.1%.SHIPMENTS WERE HIGHER THAN ANTICIPATED IN Q3 OF 2019.RELIANCE STEEL & ALUMINUM - OVERALL HIGHER SHIPMENT LEVELS WERE PRIMARILY DUE TO INCREASED DEMAND IN NON-RESIDENTIAL CONSTRUCTION MARKET IN QUARTER.RELIANCE STEEL & ALUMINUM - DEMAND IN ENERGY (OIL AND GAS) MARKET REMAINS AT LOW LEVELS, WHICH CO EXPECTS TO CONTINUE FOR REMAINDER OF FISCAL 2019.REMAINS OPTIMISTIC ABOUT BUSINESS CONDITIONS IN Q4 OF 2019.EXPECTS THAT END DEMAND IN Q4 OF 2019 WILL REMAIN RELATIVELY STEADY.ESTIMATES TONS SOLD WILL BE DOWN 4% TO 7% IN Q4 OF 2019 VERSUS Q3 OF 2019.EXPECTS AVERAGE SELLING PRICE PER TON SOLD FOR Q4 OF 2019 DECLINING 2% TO 3% COMPARED TO Q3 OF 2019.Q4 EARNINGS PER SHARE VIEW $1.57 -- REFINITIV IBES DATA.

Reliance Steel & Aluminum Co. Announces New Directors

Oct 4 (Reuters) - Reliance Steel & Aluminum Co <RS.N>::RELIANCE STEEL & ALUMINUM CO. ANNOUNCES NEW DIRECTORS.RELIANCE STEEL & ALUMINUM CO - GREGG J. MOLLINS, COMPANY'S FORMER PRESIDENT AND CHIEF EXECUTIVE OFFICER, INTENDS TO STEP DOWN FROM BOARD.RELIANCE STEEL & ALUMINUM - JAMES HOFFMAN, CEO, WILL BE APPOINTED TO SERVE AS A MEMBER OF BOARD.RELIANCE STEEL & ALUMINUM - LISA BALDWIN HAS BEEN APPOINTED TO SERVE AS AN INDEPENDENT DIRECTOR ON BOARD.

Reliance Steel & Aluminum Reports Q2 Non-GAAP Earnings Per Share Of $2.71

July 25 (Reuters) - Reliance Steel & Aluminum Co <RS.N>::REPORTS SECOND QUARTER 2019 FINANCIAL RESULTS.SEES Q3 2019 NON-GAAP EARNINGS PER SHARE $1.90 TO $2.00.Q2 NON-GAAP EARNINGS PER SHARE $2.71.Q2 EARNINGS PER SHARE $2.69.Q2 SALES $2.88 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.92 BILLION.Q2 EARNINGS PER SHARE ESTIMATE $2.58 -- REFINITIV IBES DATA.WE HAD A SOLID Q2 CHARACTERIZED BY RELATIVELY STEADY DEMAND CONDITIONS IN MOST OF KEY END MARKETS WE SERVE.Q3 EARNINGS PER SHARE VIEW $1.96 -- REFINITIV IBES DATA.RELIANCE MANAGEMENT REMAINS OPTIMISTIC ABOUT BUSINESS CONDITIONS IN Q3 OF 2019.EXPECTS THAT END DEMAND IN Q3 OF 2019 WILL REMAIN RELATIVELY STEADY, SUBJECT TO NORMAL SEASONAL PATTERNS.QTRLY TONS SOLD INCREASED 0.4% FROM Q1 OF 2019.ESTIMATES TONS SOLD WILL BE DOWN 4% TO 6% IN Q3 OF 2019 COMPARED TO Q2 OF 2019..METAL PRICING DURING Q2 WAS SLIGHTLY WEAKER THAN WE HAD ANTICIPATED.EXPECTS ITS AVERAGE SELLING PRICE PER TON SOLD FOR Q3 OF 2019 WILL BE DOWN 1.5% TO 2.5% COMPARED TO Q2 OF 2019.DEMAND IN ENERGY (OIL AND GAS) MARKET SOFTENED IN Q2.EXPECTS TO EXPERIENCE A STEADY SLOWDOWN IN ACTIVITY IN ENERGY (OIL AND GAS) MARKET IN NEAR-TERM.

Reliance Steel & Aluminum Co Says CEO James D. Hoffman's 2018 Total Compensation Was $5.7 Million

April 5 (Reuters) - Reliance Steel & Aluminum Co <RS.N>::RELIANCE STEEL & ALUMINUM CO SAYS CEO JAMES D. HOFFMAN'S 2018 TOTAL COMPENSATION WAS $5.7 MILLION VERSUS $3.7 MILLION IN 2017 – SEC FILING.RELIANCE STEEL & ALUMINUM CO SAYS CFO KARLA R. LEWIS' 2018 TOTAL COMPENSATION WAS $5.1 MILLION VERSUS $3.9 MILLION IN 2017.RELIANCE STEEL & ALUMINUM - FORMER PRESIDENT AND CEO GREGG J. MOLLINS' 2018 TOTAL COMPENSATION WAS $16 MILLION VERSUS $11.4 MILLION IN 2017.

Reliance Steel & Aluminum Co - Qtrly Net Sales $2,814.0 Million Versus $2,376.4 Million

Feb 21 (Reuters) - Reliance Steel & Aluminum Co <RS.N>::REPORTS FOURTH QUARTER AND FULL YEAR 2018 FINANCIAL RESULTS.Q4 EARNINGS PER SHARE $1.22.Q4 EARNINGS PER SHARE ESTIMATE $1.72 -- REFINITIV IBES DATA.SEES Q1 2019 NON-GAAP EARNINGS PER SHARE $2.35 TO $2.45.INCREASED QUARTERLY DIVIDEND 10.0% TO $0.55 PER SHARE.Q4 EPS OF $1.22 INCLUDED HIGHER THAN PREVIOUSLY ESTIMATED LIFO EXPENSE OF $0.55.QTRLY AVERAGE SELLING PRICE INCREASED 20.4% COMPARED TO Q4 OF 2017, DRIVEN BY SOLID DEMAND AND TRADE ACTIONS.QTRLY NET SALES $2,814.0 MILLION VERSUS $2,376.4 MILLION.RECORDED LIFO EXPENSE OF $106.8 MILLION IN Q4.LOOKING AHEAD TO 2019, WE REMAIN OPTIMISTIC ABOUT SOLID DEMAND ENVIRONMENT IN NEARLY ALL OF END MARKETS.RELIANCE STEEL & ALUMINUM - ABSENCE OF MEANINGFUL MILL PRICE INCREASES IN Q4 PRESSURED GROSS PROFIT MARGIN FROM ELEVATED LEVELS IN FIRST THREE QTRS OF 2018.Q4 REVENUE VIEW $2.76 BILLION -- REFINITIV IBES DATA.RELIANCE STEEL & ALUMINUM - EXPECTS DEMAND IN Q1 WILL REMAIN HEALTHY & ESTIMATES TONS SOLD WILL BE UP 6% TO 8% IN Q1 VERSUS Q4 OF 2018.RELIANCE MANAGEMENT ALSO ANTICIPATES LIFO INCOME IN Q1 OF 2019 AND A BENEFIT TO EARNINGS PER SHARE.RELIANCE STEEL & ALUMINUM - ANTICIPATES PRICE INCREASES FOR MANY OF PRODUCTS IT SELLS GIVEN RECENT ANNOUNCEMENTS AND SOLID PRICING FUNDAMENTALS.Q1 EARNINGS PER SHARE VIEW $2.16 -- REFINITIV IBES DATA.RELIANCE STEEL & ALUMINUM - EXPECTS ITS AVERAGE SELLING PRICE PER TON SOLD FOR Q1 WILL BE FLAT TO DOWN 1% VERSUS Q4 OF 2018.

Reliance Steel & Aluminum Co. Q3 Earnings Per Share $2.03

Oct 25 (Reuters) - Reliance Steel & Aluminum Co <RS.N>::. REPORTS THIRD QUARTER 2018 FINANCIAL RESULTS.SEES Q4 2018 NON-GAAP EARNINGS PER SHARE $1.75 TO $1.85.Q3 EARNINGS PER SHARE $2.03.Q3 EARNINGS PER SHARE VIEW $2.69 -- THOMSON REUTERS I/B/E/S.Q3 NON-GAAP EARNINGS PER SHARE $2.42.Q3 SALES $2.97 BILLION VERSUS I/B/E/S VIEW $2.97 BILLION.Q3 TONS SOLD WERE DOWN 1.2% FROM Q3 OF 2017.QUARTERLY AVERAGE SELLING PRICE PER TON SOLD UP 23.0% FROM Q3 OF 2017 AND UP 4.3% FROM Q2 OF 2018..ESTIMATES TONS SOLD WILL BE DOWN 5% TO 7% IN Q4 OF 2018 COMPARED TO Q3 OF 2018.STRONGER THAN ANTICIPATED PRICING ENVIRONMENT RESULTED IN PRE-TAX LIFO ADJUSTMENT OF $0.80 PER DILUTED SHARE IN Q3.REPURCHASED $80.7 MILLION OF RELIANCE COMMON STOCK.EXPECTS ITS AVERAGE SELLING PRICE PER TON SOLD FOR Q4 WILL BE FLAT TO UP 1% COMPARED TO Q3 OF 2018.CONTINUOUSLY EVALUATE EACH OF OUR 300 PLUS OPERATIONS TO DETERMINE IF THEY MEET OUR PROFITABILITY STANDARDS..RELIANCE STEEL - PRE-TAX IMPAIRMENT AND RESTRUCTURING CHARGE OF $36.8 MILLION FOR QUARTER INCLUDED COSTS RELATED TO DOWNSIZING AS WELL AS RESTRUCTURING.COMPANY ESTIMATES TONS SOLD WILL BE DOWN 5% TO 7% IN Q4 OF 2018 COMPARED TO Q3 OF 2018.CURRENTLY EXPECTS NON-GAAP EARNINGS PER DILUTED SHARE TO BE IN RANGE OF $1.75 TO $1.85 FOR Q4 OF 2018..Q4 EARNINGS PER SHARE VIEW $1.83 -- THOMSON REUTERS I/B/E/S.

Reliance Steel & Aluminum Q2 Non-GAAP Earnings Per Share $3.10

Reliance Steel & Aluminum Co <RS.N>::. REPORTS RECORD SECOND QUARTER 2018 FINANCIAL RESULTS.SEES Q3 2018 EARNINGS PER SHARE $2.65 TO $2.75.Q2 SALES $2.99 BILLION VERSUS I/B/E/S VIEW $3 BILLION.Q2 NON-GAAP EARNINGS PER SHARE $3.10.Q2 EARNINGS PER SHARE VIEW $2.75 -- THOMSON REUTERS I/B/E/S.QTRLY AVERAGE SELLING PRICE PER TON SOLD UP 18.1% FROM Q2 OF 2017 AND UP 9.6% FROM Q1 OF 2018.QTRLY TONS SOLD WERE UP 2.9% FROM Q2 OF 2017 AND DOWN 0.7% FROM Q1 OF 2018.SAYS COMPANY ESTIMATES TONS SOLD WILL BE DOWN 2% TO 4% IN Q3 OF 2018 COMPARED TO Q2 OF 2018.SAYS CURRENTLY EXPECTS EARNINGS PER DILUTED SHARE TO BE IN RANGE OF $2.65 TO $2.75 FOR Q3 OF 2018.SAYS EXPECTS ITS AVERAGE SELLING PRICE PER TON SOLD FOR Q3 TO BE UP 1% TO 3% COMPARED TO Q2 OF 2018.Q2 DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO RELIANCE STOCKHOLDERS $3.16.Q3 EARNINGS PER SHARE VIEW $2.15 -- THOMSON REUTERS I/B/E/S.Q2 EARNINGS PER SHARE VIEW $2.75 -- THOMSON REUTERS I/B/E/S.

Reliance Steel & Aluminum Co Q4 Non-GAAP Earnings Per Share $1.22

Feb 15 (Reuters) - Reliance Steel & Aluminum Co <RS.N>::REPORTS FOURTH QUARTER AND FULL YEAR 2017 FINANCIAL RESULTS.SEES Q1 2018 EARNINGS PER SHARE $1.90 TO $2.00.Q4 NON-GAAP EARNINGS PER SHARE $1.22.Q4 EARNINGS PER SHARE $4.09.Q4 SALES ROSE 15.3 PERCENT TO $2.38 BILLION.INCREASED QUARTERLY DIVIDEND BY 11.1% TO $0.50 PER SHARE.ENACTMENT OF TAX REFORM IN DEC 2017 RESULTED IN PROVISIONAL/1-TIME INCOME TAX BENEFIT OF $207.3 MILLION IN Q4 OF 2017.ESTIMATES TONS SOLD WILL BE UP 6% TO 8% IN THE FIRST QUARTER OF 2018 COMPARED TO THE FOURTH QUARTER OF 2017.QTRLY TONS SOLD WERE UP 6.3% FROM FOURTH QUARTER OF 2016 AND DOWN 4.6% FROM THIRD QUARTER OF 2017.SEES Q1 AVERAGE SELLING PRICE WILL BE UP 4% TO 6% COMPARED TO THE FOURTH QUARTER OF 2017.QTRLY AVERAGE SELLING PRICE PER TON SOLD UP 8.8% FROM FOURTH QUARTER OF 2016 AND UP 1.8% FROM THIRD QUARTER OF 2017.Q1 EARNINGS PER SHARE VIEW $1.76 -- THOMSON REUTERS I/B/E/S."ANTICIPATE THAT AN ONGOING REDUCTION IN IMPORTS WILL CONTINUE TO SUPPORT HIGHER METAL PRICING".

Reliance Steel & Aluminum Co provides update on Hurricane Harvey impact

Sept 8 (Reuters) - Reliance Steel & Aluminum Co <RS.N>:Reliance Steel & Aluminum Co - ‍as of September 5, 2017, all facilities have been reopened and are operational​.Reliance Steel & Aluminum Co - ‍due to severe weather conditions, many of co's facilities were closed and unable to ship for most of last week​.Reliance Steel & Aluminum Co - ‍currently operates 13 locations throughout the area, whose total sales represented about 4 percent of net sales in H1 2017​.Reliance Steel & Aluminum Co - ‍"Unable to quantify any impact on our Q3 2017 results at this time"​.Reliance Steel & Aluminum Co - ‍no material damage to the facilities, equipment or inventory occurred.Reliance Steel & Aluminum - ‍too early to understand storm's full impact on customers' operations, time to return to normalized shipping in the areas​.

Reliance Steel & Aluminum Q2 non-GAAP earnings per share $1.40

July 27 (Reuters) - Reliance Steel & Aluminum Co <RS.N>:Reliance steel & aluminum co. Reports second quarter 2017 financial results.Sees q3 2017 earnings per share $1.15 to $1.25.Q2 non-gaap earnings per share $1.40.Q2 gaap earnings per share $1.40.Q2 sales $2.48 billion versus i/b/e/s view $2.45 billion.Q2 earnings per share view $1.37 -- Thomson Reuters I/B/E/S.Reliance steel & aluminum co - company estimates tons sold will be down 3% to 5% in q3 of 2017 compared to q2 of 2017.Reliance steel & aluminum co - company expects its average selling price will be flat to up 3% compared to q2 of 2017.Reliance steel & aluminum co - currently expects earnings per diluted share to be in range of $1.15 to $1.25 for q3 of 2017.Reliance steel & aluminum co says "current pricing levels are higher than both q1 of 2017 and q2 of 2016, which positively contributed to our earnings".Says mill prices were pressured in q2 2017, especially for carbon and stainless steel products.Q3 earnings per share view $1.27 -- Thomson Reuters I/B/E/S.Automotive demand remains solid; aerospace demand remains strong.Non-Residential construction demand, including infrastructure, continues to experience steady growth.Heavy industry demand remains relatively steady, though still at low levels.Says energy (oil and gas) demand continues to improve for products reliance sells into this end market.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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