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While Reliance Steel (RS) faces headwinds from pricing pressure, it gains on strong demand in its major markets and acquisitions.
Reliance Steel & Aluminum Co. (NYSE:RS ) Q3 2023 Earnings Conference Call October 26, 2023 11:00 AM ET Company Participants Kim Orlando - ADDO Investor Relations Karla Lewis - President, Chief Executive Officer & Director Steve Koch - Executive Vice President & Chief Operating Officer Arthur Ajemyan - Chief Financial Officer & Senior Vice President Conference Call Participants Martin Englert - Seaport Research Partners Phil Gibbs - KeyBanc Capital Markets Katja Jancic - BMO Capital Markets Operator Greetings, and welcome to the Reliance Steel & Aluminum Co. Third Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode.
Reliance Steel (RS) came out with quarterly earnings of $5 per share, missing the Zacks Consensus Estimate of $5.02 per share. This compares to earnings of $6.48 per share a year ago.
SCOTTSDALE, Ariz., Oct. 12, 2023 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it will report third quarter 2023 financial results for the period ended September 30, 2023, on Thursday, October 26, 2023, at 6:50 a.m. Eastern Time. Reliance management will host a conference call that same day at 11:00 a.m. Eastern Time. The call will be broadcast live over the Internet hosted on the Investors section of the Company's website at www.rsac.com.
Reliance Steel (RS) benefits from strong underlying demand in its major markets and strategic acquisitions.
While Reliance Steel (RS) faces headwinds from weak pricing, it benefits from strong demand in its major markets and acquisitions.
Reliance Steel (RS) benefits from robust underlying demand in its key markets amid pricing pressure.
Reliance Steel (RS) is expected to continue to gain from strong demand in key markets and its growth actions in the near term.
While Reliance Steel (RS) faces headwinds from pricing pressure, it gains on strong demand in its major markets and acquisitions.
Demand in the semiconductor market of Reliance Steel (RS) falls in Q2 due to market softness in certain regions.