Reliance, Inc. Profit Advances In Q4

Reliance Steel & Aluminum

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(RTTNews) - Reliance, Inc. (RS) announced earnings for its fourth quarter that Increases, from the same period last year

The company's bottom line came in at $116.5 million, or $2.22 per share. This compares with $105.3 million, or $1.93 per share, last year.

Excluding items, Reliance, Inc. reported adjusted earnings of $125.5 million or $2.40 per share for the period.

The company's revenue for the period rose 11.9% to $3.498 billion from $3.126 billion last year.

Reliance, Inc. earnings at a glance (GAAP) :

-Earnings: $116.5 Mln. vs. $105.3 Mln. last year. -EPS: $2.22 vs. $1.93 last year. -Revenue: $3.498 Bln vs. $3.126 Bln last year.

-Guidance: Next quarter EPS guidance: $ 4.50 To $ 4.70