Reliance: Q1 Earnings Snapshot

SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — Reliance, Inc. (RS) on Thursday reported first-quarter profit of $302.9 million.

The Scottsdale, Arizona-based company said it had profit of $5.23 per share. Earnings, adjusted for one-time gains and costs, were $5.30 per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $5.51 per share.

The metals service-center company posted revenue of $3.64 billion in the period.

For the current quarter ending in June, Reliance expects its per-share earnings to range from $4.70 to $4.90.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on RS at

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up