New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 7, 2013
06:40 EDTRSReliance Steel upgraded to Buy from Hold at Dahlman Rose
Dahlman Rose is positive on Reliance Steel's (RS) acquisition of Metals USA (MUSA) and said the deal is immediately accretive. Price target is $89.
News For RS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
April 23, 2015
08:59 EDTRSReliance Steel expects customer demand to continue improving through 2015
Reliance Steel stated that, with the exception of the energy market, it experienced steadily improving customer demand across most of its end markets during Q1, which is expected to continue as the year progresses. Automotive demand, supported mainly by the company's toll processing operations in the U.S. and Mexico, is expected to continue strong at current production rates throughout 2015. The increase in aluminum usage in the automotive industry continues to represent a growth area for Reliance. Aerospace demand continued to improve during Q1 and is expected to continue to grow as 2015 progresses and as "build" rates increase. Heavy industry continues to perform reasonably well. Agricultural and construction equipment have declined but Reliance remains active in these markets. Non-residential construction continues to improve, but remains well below peak levels. Reliance believes that this important end-market will continue to improve throughout 2015. Energy - oil and gas - demand for the products Reliance sells has declined due to the severe drop in oil prices and is expected to remain under pressure throughout 2015.
08:56 EDTRSReliance Steel sees Q2 EPS $1.02-$1.15, consensus $1.10
Reliance expects a modest increase in tons sold in Q2 over Q1, but expects downward pricing will negatively impact average selling prices and margins.
08:54 EDTRSReliance Steel reports Q1 EPS $1.30, consensus $1.02
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use