Reliance's (RS) Earnings Miss, Revenues Beat Estimates in Q2
RSReliance(RS) ZACKS·2024-07-26 21:45

Reliance, Inc. (RS) posted profits of 267.8millionor267.8 million or 4.67 per share in the second quarter of 2024, down from 385.1millionor385.1 million or 6.49 per share in the year-ago quarter.Barring one-time items, the company recorded earnings of 4.65pershare.ItlaggedtheZacksConsensusEstimateof4.65 per share. It lagged the Zacks Consensus Estimate of 4.73.The company recorded net sales of 3,643.3million,downaround6.13,643.3 million, down around 6.1% year over year. The top line beat the Zacks Consensus Estimate of 3,603.9 million. Volumes and PricingReliance reported a 4.7% year-over-year increas ...