Reliance Steel & Aluminum Co. Reports Third Quarter 2019 Financial Results

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Go back to Reliance Steel & Aluminum Co. Reports Third Quarter 2019 Financial Results

Reliance Steel (RS) Tops Q3 EPS by 44c, Revenues Beat; Offers Q4 EPS Guidance Above Consensus

October 24, 2019 6:51 AM EDT

Reliance Steel (NYSE: RS) reported Q3 EPS of $2.39, $0.44 better than the analyst estimate of $1.95. Revenue for the quarter came in at $2.69 billion versus the consensus estimate of $2.67 billion.

Management CommentaryWe continued to execute our strategy of focusing on high levels of customer service across diverse products and end markets with increasing levels of value-added processing which once again produced strong financial results during the third quarter of 2019, said Jim Hoffman, President and Chief Executive Officer of Reliance. Demand was somewhat better than we had anticipated, which, along with... More