Brief: Reliance Steel & Aluminum Co. Reports Third Quarter 2022 Financial Results

Reliance

27/10/2022 12:03

Oct 27 (Reuters) - Reliance Steel & Aluminum Co  RS.N :
    * STRONG QUARTERLY EPS OF $6.45
    * REPORTS THIRD QUARTER 2022 FINANCIAL RESULTS
    * QTRLY NON-GAAP EPS OF $6.48
    * QUARTERLY NET SALES OF $4.25 BILLION INCREASED 10.4%
YEAR-OVER-YEAR
    * COMPANY ESTIMATES ITS TONS SOLD WILL BE DOWN 6.5% TO 8.5%
IN Q4
OF 2022 COMPARED TO Q3 OF 2022
    * EXPECTS ITS AVERAGE SELLING PRICE PER TON SOLD FOR Q4 OF
2022 TO
BE DOWN 6.0% TO 8.0% COMPARED TO Q3 OF 2022
    * ESTIMATES NON-GAAP EARNINGS PER DILUTED SHARE IN RANGE OF
$4.30
TO $4.50 FOR Q4 OF 2022
    * QTRLY AVERAGE SELLING PRICE PER TON SOLD $3,039, DOWN 6.2%
    * QTRLY TONS SOLD 1.4 MILLION, DOWN 3.4%
    * Q3 EARNINGS PER SHARE VIEW $6.19, REVENUE VIEW $4.13
BILLION --
REFINITIV IBES DATA
    * Q4 EARNINGS PER SHARE VIEW $4.26 -- REFINITIV IBES DATA

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