Monday, February 19, 2018

Los Angeles,CA-Based Reliance Steel & Aluminum 4Q 2017 Net Income Was $304 Mil, Up a Very Robust 383% or Up $241 Mil From the 4Q 2016 Net Income of $63 Mil ....................................................................................... Reliance Received a 4Q 2017 US Federal Income Tax Benefit of $207 Mil From the Puzzling, Very Lucrative US Federal Income Tax Debt Forgiveness Feature in the US Trump Tax Cuts Act ....................................................................................... This $207 Mil Income Tax Benefit Comprised 86% of Reliance's 4Q 2017 Total Net Income Improvement of $241 Mil From the 4Q 2016