Reliance Steel & Aluminum Co. Reports Second Quarter 2019 Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/26/2026
- S&P 500, Nasdaq set for weekly fall as chip stocks slide
- SpaceX weighs Starlink mobile service to US consumers, FT reports
- U.S. chip stocks retreat after Apple price hikes stoke fears over AI trade
- Morgan Stanley flags Fed hike risk if unemployment drops below 4%
- UBS trims AI portfolio exposure to semis and hardware after recent rally
- Needham Starts NeoVolta (NEOV) at Buy
- TD Cowen: 'Sober View Suggests Structural Alcohol Risks Are Overblown'
- Two major earthquakes strike Venezuela, killing at least 32 and injuring hundreds
- Hertz cuts guidance, announces notes and stock offerings, shares sink
- Wall St ends mixed as tech megacap declines outweigh upbeat chip outlook
Reliance Steel (RS) Tops Q2 EPS by 13c, Revenues Miss; Offers Q3 EPS Guidance
July 25, 2019 6:53 AM EDTReliance Steel (NYSE: RS) reported Q2 EPS of $2.71, $0.13 better than the analyst estimate of $2.58. Revenue for the quarter came in at $2.88 billion versus the consensus estimate of $2.92 billion.
Strong gross profit margin of 29.6% drove third highest gross profit dollars in Companys history of $853.6 millionEPS of $2.69, Non-GAAP EPS of $2.71, third highest in Companys historyGenerated significant cash flow from operations of $346.0 millionRepurchased $50.0 million of Reliance common stockManagement CommentaryWe had a solid second quarter characterized by relatively steady demand conditions in most of the key end markets we serve, said... More
