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Reliance Steel & Aluminum Co (RS.N)

RS.N on New York Stock Exchange

83.07USD
8 Dec 2017
Change (% chg)

$1.27 (+1.55%)
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$81.80
Open
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Volume
161,679
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$88.50
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Latest Key Developments (Source: Significant Developments)

Reliance Steel & Aluminum Co provides update on Hurricane Harvey impact
Friday, 8 Sep 2017 06:50am EDT 

Sept 8 (Reuters) - Reliance Steel & Aluminum Co :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​.  Full Article

Reliance Steel & Aluminum Q2 non-GAAP earnings per share $1.40
Thursday, 27 Jul 2017 06:50am EDT 

July 27 (Reuters) - Reliance Steel & Aluminum Co :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.  Full Article

Reliance Steel & Aluminum updates guidance for the Q217
Monday, 19 Jun 2017 04:01pm EDT 

June 19 (Reuters) - Reliance Steel & Aluminum Co :Reliance Steel & Aluminum Co announces updated guidance for the second quarter of 2017.Sees Q2 2017 earnings per share $1.30 to $1.40.Currently expects earnings per diluted share to be in range of $1.30 to $1.40 for Q2 of 2017.Reliance Steel & Aluminum Co says increased uncertainty in regard to metals pricing has placed downward pressure on company's gross profit margin.Reliance Steel & Aluminum Co says continues to believe that it can sustain a reported LIFO gross profit margin within range of 27% to 29%.Reliance Steel & Aluminum Co says due to challenging market conditions, momentum experienced for demand, pricing trends in Q1 did not accelerate as expected into Q2.Q2 earnings per share view $1.58 -- Thomson Reuters I/B/E/S.  Full Article

Reliance Steel & Aluminum Q1 non-gaap EPS $1.52
Thursday, 27 Apr 2017 06:50am EDT 

April 27 (Reuters) - Reliance Steel & Aluminum Co :Reliance steel & aluminum co. Reports first quarter 2017 financial results.Sees q2 2017 earnings per share $1.50 to $1.60.Q1 non-gaap earnings per share $1.52.Q1 gaap earnings per share $1.52.Q1 sales rose 11.9 percent to $2.42 billion.Q1 earnings per share view $1.39, revenue view $2.36 billion -- Thomson Reuters I/B/E/S.Q2 earnings per share view $1.60 -- Thomson Reuters I/B/E/S."estimates tons sold will be flat to up 2% in q2 of 2017 compared to q1 of 2017".Reliance steel & aluminum co says "expects current demand levels to maintain with potential for slight improvement".Reliance steel & aluminum co says company estimates tons sold will be flat to up 2% in q2 of 2017 compared to q1 of 2017.Reliance steel & aluminum co says "metal pricing experienced some downward pressure in beginning of q2".In q2 2017, "expects its average selling price will be flat to up 2% from q1 of 2017".  Full Article

Reliance Steel reports Q4 non-GAAP earnings $0.84/shr
Thursday, 16 Feb 2017 06:50am EST 

Reliance Steel & Aluminum Co : Reliance Steel & Aluminum Co. reports fourth quarter and full year 2016 financial results . Q4 non-GAAP earnings per share $0.84 . Q4 earnings per share $0.84 . Q4 sales $2.06 billion versus i/b/e/s view $2.03 billion . Q4 earnings per share view $0.74 -- Thomson Reuters I/B/E/S . Sees Q1 2017 earnings per share $1.25 to $1.35 . Reliance Steel & Aluminum Co says increased quarterly dividend by 6 percent to $0.45 per share . Qtrly tons sold were down 1.1 percent from Q4 of 2015 . Qtrly average selling price per ton sold up 2.7 percent from Q4 of 2015 . Is optimistic in regard to business activity levels and metal pricing entering 2017 . Reliance Steel - Customer sentiment is more positive than we have seen in some time, which we believe will materialize into higher metals demand in 2017 . Estimates tons sold will be up 8 percent to 10 percent in Q1 of 2017 compared to Q4 of 2016 . Reliance Steel & Aluminum Co says estimates tons sold will be up 8 percent to 10 percent in Q1 of 2017 compared to Q4 of 2016 . Q1 earnings per share view $1.33 -- Thomson Reuters I/B/E/S . Reliance Steel & Aluminum Co - Believe 2017 will feature a renewed "enthusiasm for infrastructure and equipment spending" .Reliance Steel & Aluminum Co says expects its Q1 average selling price will be up 2 percent to 4 percent from Q4 of 2016.  Full Article

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

BRIEF-Reliance Steel & Aluminum Co provides update on Hurricane Harvey impact

* Reliance Steel & Aluminum Co - ‍as of September 5, 2017, all facilities have been reopened and are operational​