2023-04-27 06:53:53 ET
- Reliance Steel & Aluminum press release ( NYSE: RS ): Q1 Non-GAAP EPS of $6.37 beats by $0.72 .
- Revenue of $3.97B (-11.4% Y/Y) beats by $50M .
- Cash flow from operations of $384.6M.
- Strong gross profit margin of 30.9% and pretax income margin of 12.8%.
- Outlook: The Company estimates its average selling price per ton sold in the second quarter of 2023 will be flat to up 2% compared to the first quarter of 2023. Based on these expectations, the Company anticipates non-GAAP earnings per diluted share in the range of $6.40 to $6.60 for the second quarter of 2023 vs. $6.89 consensus.
For further details see:
Reliance Steel & Aluminum beats Q1 top and bottom line estimates; initiates Q2 outlook