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Reliance Steel & Aluminum Co [RS] reports $268.3 million quarterly net profit

Reliance Steel & Aluminum Co [RS] reports $268.3 million quarterly net profit

Company generates $3.6 billion in revenue

By USinMinutes
Published - Aug 01, 2024, 10:04 AM ET
Last Updated - Aug 16, 2024, 10:39 AM EDT

Reliance Steel & Aluminum Co Reliance Steel & Aluminum Co [RS] has reported $268.3 million quarterly profit, an decrease of $35.5 million from the previous quarter, the company said in a filing to the SEC for the Q2 ended Jun 30, 2024.

Reliance Steel & Aluminum reported the quarterly diluted earnings per share (EPS) fell by -10.71 percent to $4.7 from $5.2 in the previous quarter.

Dollars in millions
Jun 30, 2024    Mar 31, 2024    Dec 31, 2023    Sep 30, 2023   

Income Statement

Revenue $3,643.3  $3,644.8  $14,805.9  $3,623.0 
Operating Profit $351.7  $393.1  $1,739.5  $389.5 
Net Income $268.3  $303.8  $1,340.1  $296.0 
Net Cash -$729.4  -$145.3  -$93.2  -$196.5 
Gross Margin $1,086.0  $1,128.2  $4,547.3  $1,077.0 
Operating Margin $0.0  $0.0  $0.0  $0.0 
Profit as % of Revenues404.77 30.95 30.71 29.73 
Profit as % of Assets3.81 2.87 12.88 2.84 
Profit as % of Stockholder Equity3.52 3.82 17.33 3.83 
Return on Equity3.52 1.16 17.33 1.19 
Return on Assets2.57 0.86 12.79 0.88 
Turnover Ratio51.71 0.34 1.42 0.35 
EBITA$418.3 $0.0 $0.0 $0.0 

Balance Sheet

Total Assets $10,448.1  $10,712.2  $10,480.3  $10,492.9 
Total Liabilities $2,815.1  $2,769.5  $2,747.5  $2,757.7 

Cash Flow Statement

Operating Cash Flow $492.6  $126.3  $1,671.3  $1,145.7 
Investing Cash Flow -$562.0  -$177.4  -$483.9  -$367.8 
Financing Cash Flow -$654.1  -$90.3  -$1,282.3  -$970.7 
Read the full filing
 
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