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BRIEF-Reliance Steel & Aluminum Co Reports Q2 2022 Financial Results

BRIEF-Reliance Steel & Aluminum Co Reports Q2 2022 Financial Results

Reuters · 07/28/2022 07:25
BRIEF-Reliance Steel & Aluminum Co Reports Q2 2022 Financial Results

- Reliance Steel & Aluminum Co RS:

  • . REPORTS SECOND QUARTER 2022 FINANCIAL RESULTS

  • SEES Q3 NON-GAAP EARNINGS PER SHARE $6.00 TO $6.20

  • RECORD QUARTERLY SALES OF $4.68 BILLION, UP 4.4%

  • QTRLY DILUTED EPS $9.15

  • ESTIMATES TONS SOLD WILL BE DOWN 3% TO 5% IN Q3 OF 2022 COMPARED TO Q2 OF 2022

  • EXPECTS ITS AVERAGE SELLING PRICE PER TON SOLD FOR Q3 OF 2022 TO BE DOWN 5% TO 7% COMPARED TO Q2 OF 2022

  • Q2 EARNINGS PER SHARE VIEW $9.01, REVENUE VIEW $4.60 BILLION -- REFINITIV IBES DATA

  • Q3 EARNINGS PER SHARE VIEW $6.57 -- REFINITIV IBES DATA

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Further company coverage: RS


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