Service Center First-Quarter Results

May 2006
Metal Center News;May2006, Vol. 46 Issue 6, p33
Trade Publication
The article presents information on the financial performance of two U.S. metals service centers in the first-quarter of 2006. Difficult conditions for the Detroit automotive market led to a first-quarter sales and profit decrease for Olympic Steel Inc. The company reported first-quarter net sales of $238.9 million, a 16 percent decrease from the same period in 2005. Reliance Steel & Aluminum Co. reported net income of $71.9 million during the period, a 55 percent increase from the same period in 2005, and first-quarter sales totaled $988.0 million, a 22 percent improvement from the $811.9 million posted during the first three months of 2005.


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