Reliance Steel & Aluminum Co. Reports Second Quarter 2020 Financial Results

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Go back to Reliance Steel & Aluminum Co. Reports Second Quarter 2020 Financial Results

Reliance Steel (RS) Tops Q2 EPS by 96c, Revenues Beat

July 23, 2020 6:54 AM EDT

Reliance Steel (NYSE: RS) reported Q2 EPS of $1.36, $0.96 better than the analyst estimate of $0.40. Revenue for the quarter came in at $2.02 billion versus the consensus estimate of $1.97 billion.

Strong gross profit margin of 30.4%EPS of $1.24, non-GAAP EPS of $1.36Generated cash flow from operations of $475.7 millionDeclared quarterly dividend of $0.625 per share

Management Commentary

The strength and resiliency of our business model produced solid results during an extraordinary and extremely challenging quarter. Because we support many customers deemed essential businesses, our tons sold declined only 17.5% compared to the first quarter of... More