Reliance Steel & Aluminum Co., one of the largest metals service center companies in the US, has said that company's sales revenues for the fourth quarter and year ended December 31, 2009 were approximately $1.3 billion and $5.3 billion, respectively.
Reliance expects earnings to be in the range of $0.95 to $1.05 per diluted share for the 2009 fourth quarter and $1.71 to $1.81 for 2009, a company statement said, adding that the current mean of Wall Street analysts' earnings estimates is $38 per share for Reliance's 2009 fourth quarter and $1.14 for 2009.
The company, which had previously said that it was not comfortable providing earnings guidance for the 2009 fourth quarter because of the widespread uncertainty regarding business conditions, decided to announce its detailed financial results for the fourth quarter and year ended December 31, 2009, on Thursday, February 18, 2010.
Reliance Steel & Aluminum Co., headquartered in Los Angeles, California, is the largest metals service center company in North America. It has a network of more than 200 locations in 38 US states and in countries such as Belgium, Canada, China, Mexico, Singapore, South Korea and the United Kingdom.