Reliance Steel Sales Down 7.9% in 2016 - Modern Distribution Management

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Reliance Steel Sales Down 7.9% in 2016

Fourth-quarter sales up 1.7 percent.

Reliance Steel & Aluminum Co. (NYSE: RS), Los Angeles, CA, reported sales of $8.6  billion, down 7.9 percent from  2015. Profit decreased 2.3 percent to $304.3 million.

Fourth-quarter sales were $2.1 billion, up 1.7 percent from the fourth quarter of 2015.  Profit decreased 10.1 percent to $61.7 million,

“Although somewhat improved from 2015, the macro environment for our industry continued to be challenging with overall lower demand levels and pricing volatility resulting in a sales decline of $737 million in 2016 compared to 2015, due mostly to lower metal pricing,” said Gregg Mollins, president and CEO of Reliance . 




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