Reliance Steel (RS) Misses Q4 EPS by 64c, Q1 EPS Guidance Beats
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Reliance Steel & Aluminum Co. Reports Fourth Quarter and Full Year 2018 Financial Results
February 21, 2019 6:50 AM ESTRecord annual net sales of $11.53 billion increased $1.81 billion, or 18.7%, year-over-year Record annual gross profit dollars of $3.28 billion increased 17.7% year-over-year Record pretax income dollars of $850.6 million increased $266.8 million, or 45.7%, year-over-year Record annual EPS of $8.75 increased 4.9% year-over-year; record non-GAAP EPS of $8.94 increased 64.3% year-over-year Repurchased a record $484.9 million of Reliance common stock in 2018 Fourth quarter EPS of $1.22 included higher than previously estimated LIFO expense of $0.55 Increased quarterly dividend 10.0% to $0.55 per shareÂ
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LOS ANGELES, Feb. 21, 2019 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE: RS) today reported its financial results for the fourth quarter and full year ended December 31,... More
