Reliance Steel & Aluminum Co reported earning on Thursday April 26th. They reported net income of $116.2 million, that's up 26% from the 2011 first quarter net income of $92.3 million and up 71% from $67.9 million in the 2011 fourth quarter. Earnings per diluted share were $1.54 in the 2012 first quarter. That's up 25% from the 2011 first quarter earnings per diluted share of $1.23 and up 69% from $0.91 for the 2011 fourth quarter. The industries that continued to provide the most growth for them where energy, oil and gas, aerospace, heavy equipment and auto through our toll processing businesses. The stock slipped as its outlook for the current quarter lagged Wall Street expectations. "There is still some uncertainty regarding the direction of prices for some of the metals we sell, with prices currently moving in different directions for different products," said Chairman and Chief Executive Officer David Hannah. Reliance expects second-quarter earnings in the range of $1.40 to $1.50 per share, he said. Analysts currently expect $1.53 for the quarter.