The 2020 Mid-Year Economic Update_long

Reliance Steel & Aluminum Sales Up 2.4% in 1Q

Profit rose 16.2 percent to $101.3 million during the quarter.

Reliance Steel & Aluminum Co. (NYSE: RS), Los Angeles, CA, reported sales for the first quarter of $2.6 billion, up 2.4 percent from the first quarter of 2014. Profit for the quarter rose 16.2 percent to $101.3 million. 

"With the exception of the energy market, overall demand improved throughout the quarter and was at levels relatively consistent with the first quarter of 2014," said CEO David H. Hannah. "I am particularly encouraged by the improving demand momentum we are experiencing in the non-residential construction end markets as well as our increased toll processing activity related to the automotive market."

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