Reliance Steel (RS) Misses Q3 EPS by 7c; Guides Lower
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Reliance Steel & Aluminum Co. Reports Third Quarter 2016 Financial Results
October 20, 2016 6:50 AM EDTNon-GAAP EPS of $1.25; GAAP EPS of $0.68Continued strong operational executionGenerated cash flow from operations of $182.4 million
LOS ANGELES, Oct. 20, 2016 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE: RS) today reported its financial results for the third quarter ended September 30, 2016.
Third Quarter 2016 Financial Highlights
Sales were $2.19 billion, down 4.4% from $2.29 billion in the third quarter of 2015 and down 0.8% from $2.20 billion in the second quarter of 2016.Tons sold were down 2.7% from the third quarter of 2015 and down 4.9%... More