Reliance Steel & Aluminum Co. Reports Third Quarter 2023 Financial Results
SCOTTSDALE, Ariz., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE: RS) today reported its financial results for the third quarter ended September 30, 2023.
- Demand in commercial aerospace remained strong in the third quarter of 2023, up from both the second quarter of 2023 and third quarter of 2022.
- Reliance is optimistic commercial aerospace demand will remain healthy in the fourth quarter of 2023 as actual build rates further increase from current levels.
- Demand for the toll processing services Reliance provides to the automotive market remained consistent with the second quarter of 2023 and increased compared to the third quarter of 2022.
- A conference call and simultaneous webcast to discuss Reliance’s third quarter 2023 financial results and business outlook will be held on Thursday, October 26, 2023 at 11:00 a.m. Eastern Time / 8:00 a.m. Pacific Time.