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Reliance Steel & Aluminum Co (RS.N)

RS.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Reliance Steel & Aluminum Co Q2 earnings $1.38/share
Thursday, 21 Jul 2016 

Reliance Steel & Aluminum Co : Reports second quarter 2016 financial results . Q2 non-GAAP earnings per share $1.36 . Q2 earnings per share $1.38 . Q2 earnings per share view $1.30 -- Thomson Reuters I/B/E/S . Q2 sales $2.2 billion versus I/B/E/S view $2.31 billion . Says metals pricing environment for carbon steel products was favorable in Q2 of 2016 . Sees Q3 2016 non-GAAP earnings per share $1.25 to $1.35 . Says regular quarterly dividend increased by 6.3 percent . Says expects its average selling price in q3 of 2016 will be up 1 percent to 3 percent from Q2 of 2016 . Says quarterly cash dividend of $0.425 per share . Says estimates tons sold to be down 1 percent to 3 percent in Q3 of 2016 . Q3 earnings per share view $1.30 -- Thomson Reuters I/B/E/S .Says expects drilling activity levels to remain under pressure for foreseeable future.  Full Article

Reliance Steel & Aluminum Co gives Q2 2016 EPS guidance
Thursday, 21 Apr 2016 

Reliance Steel & Aluminum Co:Expects Q2 2016 non-GAAP earnings per diluted share (EPS) to be in the range of $1.15 to $1.25.  Full Article

Reliance Steel & Aluminum Co gives Q1 2016 EPS guidance
Thursday, 18 Feb 2016 

Reliance Steel & Aluminum Co:Expects Q1 2016 Non-GAAP earnings per diluted share to be in the range of $0.80 to $0.90.  Full Article

Kloeckner & Co says not preparing offer for Thyssenkrupp unit

FRANKFURT German steel distributor Kloeckner & Co is not working on a bid for Thyssenkrupp's Materials Services unit, a spokesman for the company said in response to a media report.