RS Q2 2023 Earnings — Reliance Steel & Aluminum Co. Revenue & Financial Results | Market Cap Arena

RSReliance Steel & Aluminum Co.

$16B

Q2 2023 Earnings

Basic Materials Steel

Income Statement

Revenue

$3.9B-17.1% YoY

Gross Profit

$1.2B29.9% margin

Operating Income

$511M13.2% margin

Net Income

$385M9.9% margin

EPS (Diluted)

$6.49

QoQ Revenue Growth

-2.1%

Cash Flow

Operating Cash Flow

$295M

Free Cash Flow

$165M

Stock-Based Comp.

$18M

Balance Sheet

Total Assets

$10.4B

Total Liabilities

$2.8B

Stockholders' Equity

$7.6B

Cash & Equivalents

$816M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.9B	$4.7B	-17.1%
Gross Profit	$1.2B	$1.4B	-19.1%
Operating Income	$511M	$788M	-35.1%
Net Income	$385M	$573M	-32.8%

Revenue Segments

Carbon steel

$2.1B62%

Aluminum

$640M18%

Stainless steel

$604M17%

Other and eliminations

$76M2%