Brief: Reliance Steel & Aluminum Reports Q3 Earnings Per Share $6.15

Reliance

28/10/2021 16:31

Oct 28 (Reuters) - Reliance Steel & Aluminum Co  RS.N :
    * QTRLY TONS SOLD 1.36 MILLION TONS VERSUS 1.42 MILLION TONS
IN Q2
(NOT 1,358.2 TONS VERSUS 1,424.0 TONS IN Q2)
    * . REPORTS RECORD THIRD QUARTER 2021 FINANCIAL RESULTS
    * SEES Q4 NON-GAAP EARNINGS PER SHARE $5.05 TO $5.15
    * Q3 EARNINGS PER SHARE $6.15
    * Q3 SALES $3.85 BILLION
    * Q3 EARNINGS PER SHARE VIEW $5.95, REVENUE VIEW $3.74
BILLION --
REFINITIV IBES DATA
    * Q4 EARNINGS PER SHARE VIEW $4.69 -- REFINITIV IBES DATA
    * ESTIMATES ITS TONS SOLD WILL BE DOWN 5% TO 8% IN Q4 OF
2021
VERSUS Q3 OF 2021
    * ESTIMATES ITS AVERAGE SELLING PRICE PER TON SOLD FOR Q4 OF
2021
WILL BE UP 5% TO 7%
    * SAYS ESTIMATES ITS AVERAGE SELLING PRICE PER TON SOLD FOR
Q4 OF
2021 WILL BE UP 5% TO 7%
    * RELIANCE STEEL & ALUMINUM - SEES DEMAND IMPACTED BY NORMAL
SEASONAL FACTORS INCL. CUSTOMER HOLIDAY-RELATED SHUTDOWNS, FEWER
SHIPPING DAYS IN Q4 VERSUS Q3
    * QTRLY AVERAGE SELLING PRICE PER TON SOLD$2,862 VERSUS
$2,418 IN
Q2

Source text for Eikon:  GNXbJVjjj 
Further company coverage:  RS.N 

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