Profit decreased 79.5 percent to $6.9 million in the first quarter.
Latest In Metals Service Centers
Profit rose 16.2 percent to $101.3 million during the quarter.
Fourth quarter sales up 11.7 percent year-over-year.
Acquisition strengthens company's bar and tube processing services.
$2.8 billion purchase enhances companys aerospace portfolio.
Profit rose 4.2 percent to $87.2 million.
Reliance Steel 4Q sales up 22.1% year-over-year.
The new publicly traded company, TimkenSteel, will trade on the New York Stock Exchange under ticker symbol TMST.
Acquisition expands reach in Australia.
Profit fell 25.6 percent to $81 million.
Profit for Reliance also saw a double-digit decline.
Reliance will purchase Fort-Lauderdale-based Metals USA for $1.2 billion.
Recapitalization enables penetration of new geographies and metal categories.
Relative strength in aerospace, energy, farm & heavy equipment and auto continue to offset weakness in non-residential construction.
