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	<title>Stock Blog Hub &#187; RS</title>
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		<title>(RS) Reliance Steel &amp; Aluminum Company &#8211; Expected Earnings Growth of 96.34%</title>
		<link>http://www.stockbloghub.com/2010/02/10/rs-reliance-steel-aluminum-company-expected-earnings-growth-of-96-34/27644</link>
		<comments>http://www.stockbloghub.com/2010/02/10/rs-reliance-steel-aluminum-company-expected-earnings-growth-of-96-34/27644#comments</comments>
		<pubDate>Wed, 10 Feb 2010 20:45:26 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Metal Fabrication]]></category>
		<category><![CDATA[Reliance Steel & Aluminum Company]]></category>
		<category><![CDATA[RS]]></category>

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		<description><![CDATA[Reliance Steel &#38; Aluminum Company (RS) recently provided fourth quarter earnings guidance much higher than the Zacks Consensus. Is this a sign that the global recovery is taking hold? Company Description Reliance Steel provides metals processing services through more than 200 locations in 38 states, and several countries including Mexico, China, South Korea and Canada. Its products include galvanized, hot-rolled and cold-finished steel, stainless steel, aluminum, brass, copper, titanium and alloy steel. Zacks Consensus Estimates Rise Ahead of the Earnings Report Its been well over a year since I&#8217;ve covered any steel companies for the Value Rank Buy as the estimate picture hasn&#8217;t been pretty during that time. However, that appears to be changing. On Jan 20, Reliance Steel provided earnings guidance for the fourth quarter and full year which ]]></description>
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		<title>(RS) Reliance Steel &amp; Aluminum Steel Posts Profits</title>
		<link>http://www.stockbloghub.com/2009/10/27/rs-reliance-steel-aluminum-steel-posts-profits/18946</link>
		<comments>http://www.stockbloghub.com/2009/10/27/rs-reliance-steel-aluminum-steel-posts-profits/18946#comments</comments>
		<pubDate>Wed, 28 Oct 2009 03:38:35 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
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		<category><![CDATA[Reliance Steel & Aluminum Company]]></category>
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		<description><![CDATA[Reliance Steel &#38; Aluminum Co. (RS), the largest metals service company in US, reported net income of $41.8 million, or 57 cents per diluted share for the third quarter of 2009. This was considerably better than the Zacks Consensus Estimate of 45 cents and a sequential loss of 8 cents. However, earnings were down 72% from $152.5 million or $2.07 reported in the same quarter of the previous year on lower sales. Earlier this month, Reliance Steel had updated its guidance for the quarter. The company was hoping for profits of 40 cents to 45 cents on improving gross margins. Gross margin for the quarter improved to 28.7% from 24.3% in the year-ago quarter. Profitability continued to improve materially as Reliance purged higher cost inventory. As this higher priced inventory ]]></description>
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		<title>(RS) Reliance Steel &amp; Aluminum Company Updates Outlook</title>
		<link>http://www.stockbloghub.com/2009/10/06/rs-reliance-steel-aluminum-company-updates-outlook/16699</link>
		<comments>http://www.stockbloghub.com/2009/10/06/rs-reliance-steel-aluminum-company-updates-outlook/16699#comments</comments>
		<pubDate>Tue, 06 Oct 2009 18:42:27 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Metal Fabrication]]></category>
		<category><![CDATA[Reliance Steel & Aluminum Company]]></category>
		<category><![CDATA[RS]]></category>

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		<description><![CDATA[Recently, Reliance Steel &#38; Aluminum Company (RS), one of the leading metal service center companies in the US , updated its outlook for the third quarter ended Sep 30, 2009. Reliance expects earnings for the quarter to range from 40 cents to 45 cents per diluted share (no previous range provided). The guidance reflects improving gross profit margins Incorporatedreased steel and aluminum shipping volumes and higher prices. The Zacks Consensus Estimate is pegged at 44 cents per share. Sales of $401.9 million in the month of July were down 2.5% compared to June. However, gross profit rebounded to 21.4% from 19.1% in June and 16.7% in the second quarter of 2009. Profitability continued to improve materially as Reliance has purged higher cost inventory. As this higher priced inventory is worked ]]></description>
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