RS Q2 2024 Earnings — Reliance Steel & Aluminum Co. Revenue & Financial Results | Market Cap Arena

RSReliance Steel & Aluminum Co.

$16B

Q2 2024 Earnings

Basic Materials Steel

Income Statement

Revenue

$3.6B-6.1% YoY

Gross Profit

$1.0B28.0% margin

Operating Income

$352M9.7% margin

Net Income

$268M7.4% margin

EPS (Diluted)

$4.67

QoQ Revenue Growth

-0.0%

Cash Flow

Operating Cash Flow

$366M

Free Cash Flow

$268M

Stock-Based Comp.

$14M

Balance Sheet

Total Assets

$10.4B

Total Liabilities

$2.8B

Stockholders' Equity

$7.6B

Cash & Equivalents

$351M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.6B	$3.9B	-6.1%
Gross Profit	$1.0B	$1.2B	-12.3%
Operating Income	$352M	$511M	-31.2%
Net Income	$268M	$385M	-30.5%

Revenue Segments

Carbon steel

$2.0B63%

Aluminum

$588M18%

Stainless steel

$522M16%

Other and eliminations

$93M3%