Record Quarter for Reliance Steel & Aluminum

Reliance Steel & Aluminum reported record sales of $2.47 billion and record shipments of 1.6 million tons in the first quarter of 2018.

“The positive pricing and demand fundamentals experienced in the fourth quarter of 2017 continued through the first quarter of 2018, with pricing momentum building throughout the quarter,” said President and CEO Gregg Mollins. “Our strong gross profit margin of 29.7 percent, along with our record sales, generated the highest quarterly gross profit dollars in our company’s history of $819.9 million.”