- Sales were $2.06 billion, down 3.9% from $2.14 billion in the third quarter of 2011 and down 7.0% from $2.21 billion in the second quarter of 2012. Tons sold were up 2.0% from the third quarter of 2011 and down 3.5% from the second quarter of 2012.
- Net income was $98.1 million, up 15.5% from $84.9 million in the third quarter of 2011 and down 9.8% from $108.8 million in the second quarter of 2012.
- Earnings per diluted share were $1.30, up 15.0% from $1.13 in the third quarter of 2011 and down 9.7% from $1.44 in the second quarter of 2012.
- The 2012 third quarter financial results include in cost of sales a pre-tax LIFO credit, or income, of $27.0 million, compared with a pre-tax LIFO charge, or expense, of $22.5 million for the third quarter of 2011 and a credit of $7.5 million for the second quarter of 2012.
- Cash flow from operations was $247.6 million in the 2012 third quarter.
- Quarterly dividend rate was increased to $.25 per share, an increase of 67%.
Reliance Steel & Aluminum Co. Reports 2012 Third Quarter Financial Results
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