The 2020 Mid-Year Economic Update_long

Reliance Steel & Aluminum 3Q Sales Down 4%

Relative strength in aerospace, energy, farm & heavy equipment and auto continue to offset weakness in non-residential construction.

Reliance Steel & Aluminum Co. (NYSE: RS), Los Angeles, CA, reported sales of $2.1 billion for the third quarter, down 4 percent year-over-year. Profit was $98.1 million, a 15.5 percent increase.

\"TheDownload a Free Chapter:
The Little Black Book of Strategic Planning for Distributors

Submit your email address below to receive a chapter of Brent Grover’s new book. When you submit your email you will be signed up to receive weekly distribution news updates.

\"\"

Relative strength in aerospace, energy (oil and gas), farm and heavy equipment, and auto (through the Company’s toll processing business), continue to offset weakness in non-residential construction.

Tons of carbon steel sold in the quarter increased by 1.3 percent versus the prior year. Tons of aluminum sold were up 3.5 percent. Tons of stainless steel sold were 11.3 percent higher than the prior year, while tons of alloy sold dropped 3.9 percent.

For the first nine months, sales for Reliance were $6.6 billion, an increase of 7.4 percent from the comparable period in 2011. Profit increased 17 percent to $323 million.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.