Reliance Steel (RS) Tops Q2 EPS by 33c
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Reliance Steel & Aluminum Co. Reports Second Quarter 2022 Financial Results
July 28, 2022 6:50 AM EDT- Record quarterly sales of $4.68 billion- Record quarterly gross profit of $1.50 billion driven by strong gross profit margin of 31.9%- Record quarterly pretax income of $762.6 million and margin of 16.3%- Record quarterly EPS of $9.15- Repurchased ~1.1 million common shares for a total of $193.9 million- Replenished existing share repurchase program to $1 billion
LOS ANGELES, July 28, 2022 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE: RS) today reported its financial results for the second quarter ended June 30, 2022.
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