Reliance Steel & Aluminum Q1 Income Advances 49%

(RTTNews) - Reliance Steel & Aluminum (RS) released a profit for its first quarter that increased compared to the same period last year.

The company said its bottom line advanced to $111.3 million, or $1.52 per share. This was up from $74.6 million, or $1.03 per share, in last year's first quarter.

Analysts had expected the company to earn $1.39 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 12.0% to $2.42 billion. This was up from $2.16 billion last year.

Reliance Steel & Aluminum earnings at a glance:

-Earnings (Q1): $111.3 Mln. vs. $74.6 Mln. last year. -Earnings Growth (Y-o-Y): 49.2% -EPS (Q1): $1.52 vs. $1.03 last year. -EPS Growth (Y-o-Y): 47.6% -Analysts Estimate: $1.39 -Revenue (Q1): $2.42 Bln vs. $2.16 Bln last year. -Revenue Change (Y-o-Y): 12.0%

-Guidance: Next quarter EPS guidance: $1.50 - $1.60