Reliance Steel & Aluminum Co logo

RS - Reliance Steel & Aluminum Co News Story

$169.14 -1.5  -0.9%

Last Trade - 6:55pm

Sector
Basic Materials
Size
Large Cap
Market Cap £7.69bn
Enterprise Value £8.32bn
Revenue £6.42bn
Position in Universe 890th / 6846

BRIEF-Reliance Steel & Aluminum sees Q4 adj EPS $0.65 to $0.75

Thu 20th October, 2016 11:50am
Oct 20 (Reuters) - Reliance Steel & Aluminum Co  RS.N : 
    * Reliance Steel & Aluminum Co reports third quarter 2016 
financial results 
    * Sees Q4 2016 non-gaap earnings per share $0.65 to $0.75 
    * Q3 Non-GAAP earnings per share $1.25 
    * Q3 GAAP earnings per share $0.68 
    * Q3 sales $2.19 billion versus i/b/e/s view $2.22 billion 
    * Q3 earnings per share view $1.32 -- Thomson Reuters 
I/B/E/S 
    * Q4 earnings per share view $1.02 -- Thomson Reuters 
I/B/E/S 
    * Reliance Steel & Aluminum Co qtrly tons sold were down 
2.7% from Q3 of 2015 and down 4.9 pct from Q2 of 2016 
    * Reliance Steel & Aluminum Co - recorded a pre-tax 
impairment and restructuring charge of $67.3 million in q3 of 
2016 
    * Reliance Steel & Aluminum Co - recorded a pre-tax 
impairment and restructuring charge of $67.3 million in q3 of 
2016 
    * Reliance Steel & Aluminum Co - qtrly average selling price 
per ton sold down 1.8% from q3 of 2015 and up 4.4% from q2 of 
2016. 
    * Reliance Steel & Aluminum Co - in the quarter , "overall 
metals demand"  weakened more than expected 
    * Reliance Steel & Aluminum Co - estimates tons sold to be 
down 5 pct to 7pct in Q4 of 2016 compared to Q3 of 2016 
    * Reliance Steel & Aluminum Co - expects its average selling 
price for metals will be down 1pct to 3pct from Q3 of 2016 
 
Source text for Eikon:  ID:nGNXNJTSSa  
Further company coverage:  RS.N  
 
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