Reliance Steel (RS) Tops Q2 EPS by 6c, Offers Q3 Guidance
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Reliance Steel & Aluminum Co. Reports Second Quarter 2016 Financial Results
July 21, 2016 6:50 AM EDTLOS ANGELES, July 21, 2016 /PRNewswire/ -- Reliance Steel & Aluminum Co. (NYSE: RS) today reported its financial results for the second quarter ended June 30, 2016.
Second Quarter 2016 Financial Highlights
Sales were $2.20 billion, down 9.1% from $2.42 billion in the second quarter of 2015 and up 1.9% from $2.16 billion in the first quarter of 2016. Tons sold were up 0.7% from the second quarter of 2015 and up 1.1% from the first quarter of 2016, with the average selling price per ton sold down 10.1% from the second... More