Reliance Steel & Aluminum Co. (NYSE: RS), Los Angeles, CA, reported 2018 sales of $11.5 billion, up 18.7% from 2017. Profit was $633.7 million, compared to $613.4 million the previous year.
Fourth-quarter sales were $2.8 billion, up 18.4% from the fourth quarter of 2017. Profit was $85.6 million, compared to $301.4 million in the fourth quarter of 2017.
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For the fourth quarter, sales were $84.2 million, a 19% increase year-over-year.
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The company reported an operating loss of $115.8 million.
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The company reported daily sales also up 2.6% versus a year ago based on strength…
