Reliance Steel & Aluminum Q4 Profit Rises - Quick Facts

(RTTNews) - Reliance Steel & Aluminum Co. (RS) reported fourth-quarter net income to company of $92.3 million or $1.18 per share, compared to $61.8 million or $0.79 per share, prior year. Adjusted earnings per share was $1.01, for the quarter.

On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $1.06 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $2.58 billion from $2.31 billion last year. Analysts expected revenue of $2.60 billion for the quarter.

The company currently expects non-GAAP earnings per share to be in the range of $1.00 to $1.10 for the quarter ending March 31, 2015. Analysts expect the company to report first-quarter earnings per share of $1.32.