Reliance Steel (RS) Tops Q3 EPS by 20c, Offers Guidance
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Reliance Steel & Aluminum Co. Reports Record Third Quarter 2021 Financial Results
October 28, 2021 6:50 AM EDT- Record quarterly net sales of $3.85 billion- Record quarterly gross profit of $1.21 billion driven by strong gross profit margin of 31.5%- LIFO expense of $262.5 million or $3.06 per diluted share- Record quarterly pretax income of $532.6 million and record pretax income margin of 13.8%- Record quarterly EPS of $6.15- Repurchased $131.0 million of Reliance common stock
LOS ANGELES, Oct. 28, 2021 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE: RS) today reported its financial results for the third quarter ended September 30, 2021.
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