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NEW YORK - Reliance Steel & Aluminum Co. (NYSE:RS) reported better-than-expected first quarter results and provided an upbeat outlook, sending shares up 4.2% in after-hours trading Wednesday.
The metal solutions provider posted adjusted earnings of $3.77 per share for Q1 2025, surpassing analyst estimates of $3.60. Revenue came in at $3.48 billion, also topping expectations of $3.44 billion.
Reliance Steel’s Q1 sales declined 4.4% YoY but rose 11.5% sequentially. The company achieved record quarterly shipments of 1.63 million tons, up 9.0% YoY and 5.6% on a same-store basis.
"We delivered stronger than expected results in the first quarter due to our targeted focus on smart, profitable growth," said Karla Lewis (JO:LEWJ), President and CEO of Reliance Steel.
For Q2 2025, the company forecasts EPS of $4.50-$4.70, above the $4.60 consensus. Reliance expects Q2 shipments to be down 1% to up 1% sequentially, with average selling prices rising 1-3%.
The positive outlook and Q1 beat drove shares higher, as investors cheered Reliance’s ability to grow volumes and maintain strong margins in a challenging market environment.
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