Reliance Steel & Aluminum Co : Reports second quarter 2016 financial results . Q2 non-GAAP earnings per share $1.36 . Q2 earnings per share $1.38 . Q2 earnings per share view $1.30 -- Thomson Reuters I/B/E/S . Q2 sales $2.2 billion versus I/B/E/S view $2.31 billion . Says metals pricing environment for carbon steel products was favorable in Q2 of 2016 . Sees Q3 2016 non-GAAP earnings per share $1.25 to $1.35 . Says regular quarterly dividend increased by 6.3 percent . Says expects its average selling price in q3 of 2016 will be up 1 percent to 3 percent from Q2 of 2016 . Says quarterly cash dividend of $0.425 per share . Says estimates tons sold to be down 1 percent to 3 percent in Q3 of 2016 . Q3 earnings per share view $1.30 -- Thomson Reuters I/B/E/S .Says expects drilling activity levels to remain under pressure for foreseeable future.
Reliance Steel & Aluminum Co:Expects Q2 2016 non-GAAP earnings per diluted share (EPS) to be in the range of $1.15 to $1.25.