Steel Mills
April 27, 2017
Reliance Steel & Aluminum Had Strong Q1
Written by Sandy Williams
Reliance Steel & Aluminum turned in a strong first quarter with sales up 17.4 percent to $2.42 billion from Q4 2016 and net income up 81 percent to $111.7 million. On a year-over-year basis sales were up 11.9 percent and income 21.1 percent.
“Improved demand, higher metal pricing and continued strong execution resulted in record quarterly gross profit dollars, driving our highest earnings per share and net income since the first quarter of 2012,” said Gregg Mollins, president and CEO.
