Reliance Steel & Aluminum Q1 Profit Rises - Quick Facts

(RTTNews) - Reliance Steel & Aluminum Co. (RS) reported first quarter net income to company of $101.3 million, up 16.2% from $87.2 million in the first quarter of 2014. Earnings per share were $1.30, compared to $1.11. Adjusted earnings per share was $1.30, for the quarter.

On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $1.02 for the quarter. Analysts' estimates typically exclude special items.

Sales were $2.61 billion, up 2.4% from $2.55 billion in the first quarter of 2014. Analysts expected revenue of $2.59 billion for the quarter.

The company currently expects earnings per share to be in the range of $1.05 to $1.15 for the quarter ending June 30, 2015. Analysts expect the company to report second-quarter earnings per share of $1.10.