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 reports Q4 non-GAAP earnings $0.84/shr

Thu 16th February, 2017 11:50am
Feb 16 (Reuters) - Reliance Steel & Aluminum Co  RS.N  
    * Reliance Steel & Aluminum Co. reports fourth quarter and 
full year 2016 financial results 
    * Q4 non-GAAP earnings per share $0.84 
    * Q4 earnings per share $0.84 
    * Q4 sales $2.06 billion versus i/b/e/s view $2.03 billion 
    * Q4 earnings per share view $0.74 -- Thomson Reuters 
I/B/E/S 
    * Sees Q1 2017 earnings per share $1.25 to $1.35 
    * Reliance Steel & Aluminum Co says increased quarterly 
dividend by 6 percent to $0.45 per share 
    * Qtrly tons sold were down 1.1 percent from Q4 of 2015 
    * Qtrly average selling price per ton sold up 2.7 percent 
from Q4 of 2015 
    * Is optimistic in regard to business activity levels and 
metal pricing entering 2017 
    * Reliance Steel - Customer sentiment is more positive than 
we have seen in some time, which we believe will materialize 
into higher metals demand in 2017 
    * Estimates tons sold will be up 8 percent to 10 percent in 
Q1 of 2017 compared to Q4 of 2016 
    * Reliance Steel & Aluminum Co says estimates tons sold will 
be up 8 percent to 10 percent in Q1 of 2017 compared to Q4 of 
2016 
    * Q1 earnings per share view $1.33 -- Thomson Reuters 
I/B/E/S 
    * Reliance Steel & Aluminum Co - Believe 2017 will feature a 
renewed "enthusiasm for infrastructure and equipment spending" 
    * Reliance Steel & Aluminum Co says expects its Q1 average 
selling price will be up 2 percent to 4 percent from Q4 of 2016 
 
Source text for Eikon:  ID:nGNXNQFEIa  
Further company coverage:  RS.N  
 
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