RS Q1 2024 Earnings — Reliance Steel & Aluminum Co. Revenue & Financial Results | Market Cap Arena

RSReliance Steel & Aluminum Co.

$16B

Q1 2024 Earnings

Basic Materials Steel

Income Statement

Revenue

$3.6B-8.1% YoY

Gross Profit

$1.1B29.2% margin

Operating Income

$393M10.8% margin

Net Income

$303M8.3% margin

EPS (Diluted)

$5.23

QoQ Revenue Growth

+9.2%

Cash Flow

Operating Cash Flow

$126M

Free Cash Flow

$18M

Stock-Based Comp.

$13M

Balance Sheet

Total Assets

$10.7B

Total Liabilities

$2.8B

Stockholders' Equity

$7.9B

Cash & Equivalents

$935M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.6B	$4.0B	-8.1%
Gross Profit	$1.1B	$1.2B	-8.6%
Operating Income	$393M	$514M	-23.5%
Net Income	$303M	$383M	-20.9%

Revenue Segments

Carbon steel

$2.0B62%

Aluminum

$596M18%

Stainless steel

$560M17%

Other and eliminations

$71M2%