Reliance Steel & Aluminum Co. Reports Second Quarter 2019 Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/18/2026
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Oil slides after China asks Iran to limit Houthi attacks on Saudi oil facilities
- Warren Buffett transitions to Berkshire’s chairman emeritus
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
Reliance Steel (RS) Tops Q2 EPS by 13c, Revenues Miss; Offers Q3 EPS Guidance
July 25, 2019 6:53 AM EDTReliance Steel (NYSE: RS) reported Q2 EPS of $2.71, $0.13 better than the analyst estimate of $2.58. Revenue for the quarter came in at $2.88 billion versus the consensus estimate of $2.92 billion.
Strong gross profit margin of 29.6% drove third highest gross profit dollars in Companys history of $853.6 millionEPS of $2.69, Non-GAAP EPS of $2.71, third highest in Companys historyGenerated significant cash flow from operations of $346.0 millionRepurchased $50.0 million of Reliance common stockManagement CommentaryWe had a solid second quarter characterized by relatively steady demand conditions in most of the key end markets we serve, said... More
