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    Distributors/Service Centers

    April 25, 2024

    Reliance earnings fall 21% in tough pricing environment

    Written by Ethan Bernard

    First quarter ended March 3120242023% Change
    Net sales$3,644.8$3,965.3-8.1%
    Net income (loss)$302.9$383.1-20.9%
    Per diluted share$5.23$6.43-18.7%
    (in millions of dollars except per share)

    Ethan Bernard

    Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

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