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Reliance Steel & Aluminum Reports $105.3 Million Quarterly Profit
By USinMinutes - Feb 19, 2025, 04:10 PM ET
Last Updated - Feb 22, 2025, 08:24 PM EST
The company records $3.1 billion revenue for Q4 ended Dec 31, 2024
RELIANCE, INC. [RS] reported $105.3 million profit for Q4 ended Dec 31, 2024, showing a decrease of $167.4 million in the same quarter of the previous year.
The company revealed in its 8-K filing to the SEC dated Feb 19, 2025 that it generated revenue of $3.1 billion for the period, showing a decrease of $210.7 million in the same quarter of the previous year.
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Based in Scottsdale, Arizona, the company reported $1.9 earnings per share for the period, compared to $4.7 in the last quarter.
The company's profit decreased by 61.4% from $272.7 million in the last quarter.
The revenue decreased 6.31% from $3.3 billion in the same quarter of the previous year.
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