Reliance Steel & Aluminum Co logo

RS - Reliance Steel & Aluminum Co News Story

$170.56 -1.9  -1.1%

Last Trade - 14/05/21

Sector
Basic Materials
Size
Large Cap
Market Cap £7.71bn
Enterprise Value £8.34bn
Revenue £6.44bn
Position in Universe 894th / 6846

BRIEF-Reliance Steel & Aluminum updates guidance for the Q217

Mon 19th June, 2017 9:01pm
June 19 (Reuters) - Reliance Steel & Aluminum Co  RS.N  
    * Reliance Steel & Aluminum Co announces updated guidance 
for the second quarter of 2017 
    * Sees Q2 2017 earnings per share $1.30 to $1.40 
    * Currently expects earnings per diluted share to be in 
range of $1.30 to $1.40 for Q2 of 2017 
    * Reliance Steel & Aluminum Co says increased uncertainty in 
regard to metals pricing has placed downward pressure on 
company's gross profit margin 
    * Reliance Steel & Aluminum Co says continues to believe 
that it can sustain a reported LIFO gross profit margin within 
range of 27% to 29% 
    * Reliance Steel & Aluminum Co says due to challenging 
market conditions, momentum experienced for demand, pricing 
trends in Q1 did not accelerate as expected into Q2 
    * Q2 earnings per share view $1.58 -- Thomson Reuters 
I/B/E/S 
 
Source text for Eikon:  ID:nGNXNXINDa  
Further company coverage:  RS.N  
 
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