Reliance Steel & Aluminum Profit Rises 4% In Q2

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Reliance Steel & Aluminum Profit Rises 4% In Q2

(RTTNews.com) - Reliance Steel & Aluminum ( RS ) announced earnings for its second quarter that rose from last year.

The company said its bottom line advanced to $103.1 million, or $1.40 per share. This was up from $99.5 million, or $1.36 per share, in last year's second quarter.

Analysts had expected the company to earn $1.37 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 12.7% to $2.48 billion. This was up from $2.20 billion last year.

Reliance Steel & Aluminum earnings at a glance:

-Earnings (Q2): $103.1 Mln. vs. $99.5 Mln. last year.
-Earnings Growth (Y-o-Y): 3.6%
-EPS (Q2): $1.40 vs. $1.36 last year.
-EPS Growth (Y-o-Y): 2.9%
-Analysts Estimate: $1.37
-Revenue (Q2): $2.48 Bln vs. $2.20 Bln last year.
-Revenue Change (Y-o-Y): 12.7%

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This article appears in: Fundamental Analysis , Stocks , Technology , Commodities , Earnings
Referenced Symbols: RS ,

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