April 27, 2017 / 10:59 AM / 8 months ago

BRIEF-Reliance Steel & Aluminum Q1 non-gaap EPS $1.52

April 27 (Reuters) - Reliance Steel & Aluminum Co

* Reliance steel & aluminum co. Reports first quarter 2017 financial results

* Sees q2 2017 earnings per share $1.50 to $1.60

* Q1 non-gaap earnings per share $1.52

* Q1 gaap earnings per share $1.52

* Q1 sales rose 11.9 percent to $2.42 billion

* Q1 earnings per share view $1.39, revenue view $2.36 billion -- Thomson Reuters I/B/E/S

* Q2 earnings per share view $1.60 -- Thomson Reuters I/B/E/S

* “estimates tons sold will be flat to up 2% in q2 of 2017 compared to q1 of 2017”

* Reliance steel & aluminum co says “expects current demand levels to maintain with potential for slight improvement”

* Reliance steel & aluminum co says company estimates tons sold will be flat to up 2% in q2 of 2017 compared to q1 of 2017

* Reliance steel & aluminum co says “metal pricing experienced some downward pressure in beginning of q2”

* In q2 2017, “expects its average selling price will be flat to up 2% from q1 of 2017” Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below