Reliance Steel & Aluminum Co. Reports Record Second Quarter 2018 Financial Results

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Go back to Reliance Steel & Aluminum Co. Reports Record Second Quarter 2018 Financial Results

Reliance Steel (RS) Tops Q2 EPS by 35c; Offers 3Q EPS Outlook Above Consensus

July 26, 2018 6:54 AM EDT

Reliance Steel (NYSE: RS) reported Q2 EPS of $3.10, $0.35 better than the analyst estimate of $2.75. Revenue for the quarter came in at $2.99 billion versus the consensus estimate of $3 billion.

Second Quarter 2018 Financial Highlights

Net sales of $2.99 billion set a new Company record, and were up 20.8% from $2.48 billion in the second quarter of 2017 and up 8.4% from $2.76 billion in the first quarter of 2018.Tons sold were up 2.9% from the second quarter of 2017 and down 0.7% from the first quarter of 2018, with the average selling price per ton sold up 18.1% from the second quarter of 2017... More