Steel Mills
February 18, 2016
Reliance Steel & Aluminum Improves Margins in Q4
Written by Sandy Williams
Reliance Steel & Aluminum reported net income of $68.8 million for fourth quarter of 2014, down 25.7 percent from fourth quarter 2014 but up 33.5 percent from third quarter.
Total sales for Q4 were $2.03 billion down 21.4 percent year over year and down 11.4 percent from third quarter 2015. Total tons sold were down 7.1 percent from third quarter to 1.38 million tons and down 6.1 percent year over year. Gross profit margin increased to 26.7 percent.
