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Reliance remains profitable during difficult first quarter.

Publication: Metal Center News
Publication Date: 01-MAY-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: Reliance remains profitable during difficult first quarter.(SERVICE CENTER NEWS)

Article Excerpt
SALES DECLINED SHARPLY, but Reliance Steel & Aluminum Co. managed to stay profitable during the first quarter of 2009. The Los Angeles-based service center company reported net income of $20.1 million, 81.3 percent behind the $107.4 million reported during the same three months of 2008.

Sales of $1.56 billion during the quarter were 18.2 percent behind the $1.91 billion reported during the...

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