Reliance continues its strong performance in a below-normal demand environment.
(Adds TMX Group, Yukon-Nevada Gold, Global Traffic Network, Reliance Steel and Aluminum and Swedish Automobile)
Good morning, ladies and gentlemen, and welcome to the Reliance Steel n Aluminum 2010 4Q and Year End Financial Results Conference Call and Webcast. At this time, all lines have been placed on a listen-only mode, and we will open the floor for your questions and comments following the presentation.
costs. Steel service centers' operating performance is heavily determined by the change in steel prices, and Reliance Steel and Aluminum RS, Olympic Steel ZEUS, and Worthington Industries WOR performed relatively well in the third quarter as they
Good morning, ladies and gentlemen, and welcome to the 2010 Third-Quarter Financial Results Conference Call and Webcast. At this time, all participants have been placed on a listen-only mode, and we will open up the floor for your questions and comments after the presentation.
Despite sharply lower metal prices and destocking pressure, Reliance Steel and Aluminum RS delivered positive fourth-quarter results. Revenue fell 17% from third-quarter levels as demand weakened sharply and metal
Reliance Steel and Aluminum 's RS third-quarter results were negatively impacted by softer demand. Though revenue increased by 23% as the PNA Group acquisition
We are raising our fair value uncertainty rating for Reliance Steel and Aluminum RS to high from medium to reflect the company's earnings exposure to fluctuating metal prices. As with all other metal service
Reliance Steel and Aluminum 's RS second-quarter results, released today, continued along the theme of declining volume and strong pricing. Same-store
Reliance Steel and Aluminum RS reported first-quarter results today that showed the firm's continued pricing power despite demand uncertainties. During