Reliance Steel & Aluminum Bottom Line Drops 20% In Q4

(RTTNews) - Reliance Steel & Aluminum (RS) revealed earnings for fourth quarter that dropped compared to the same period last year.

The company said its earnings declined to $63.3 million, or $0.87 per share. This was lower than $79.1 million, or $1.01 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.82 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 21.3% to $2.03 billion. This was down from $2.58 billion last year.

Reliance Steel & Aluminum earnings at a glance:

-Earnings (Q4): $63.3 Mln. vs. $79.1 Mln. last year. -Earnings Decline (Y-o-Y): -20.0% -EPS (Q4): $0.87 vs. $1.01 last year. -EPS Decline (Y-o-Y): -13.9% -Analysts Estimate: $0.82 -Revenue (Q4): $2.03 Bln vs. $2.58 Bln last year. -Revenue Change (Y-o-Y): -21.3%

-Guidance: Next quarter EPS guidance: $0.80 - $0.90