Reliance Steel & Aluminum

Reliance Steel & Aluminum Co. engages in the provision of metals processing services and distribution of metal products. It offers alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and specialty steel products. The company was founded by Thomas J. Neilan on February 3, 1939, and is headquartered in Scottsdale, AZ.

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Earnings data Q4 2024

Reliance Steel & Aluminum reports record 2022 performance and growth outlook

Reliance Steel & Aluminum delivered a strong financial performance in 2022, with record sales and earnings. Despite challenges in sales volume and pricing, the company remains focused on growth initiatives and enhancing shareholder value.
The company's strengths in efficient capital allocation, value-added processing capabilities, and proactive shareholder returns position it well for future growth. While facing challenges in market dynamics and operational efficiency, Reliance is poised to leverage opportunities in growth areas and strategic partnerships.
By maintaining a balanced approach to capital allocation, focusing on operational excellence, and adapting to market changes, Reliance Steel & Aluminum aims to sustain its performance and capitalize on emerging opportunities. The company's commitment to innovation, collaboration, and shareholder value creation underpins its strategic direction.

Reliance Steel & Aluminum posts strong Q1 results, eyes acquisitions

Reliance Steel & Aluminum's Q1 performance reflects growth in sales and income, supported by a strategic capital allocation plan. Despite challenges in pricing and expenses, the company remains optimistic about future opportunities, including acquisitions and LIFO income expectations.

Reliance Steel & Aluminum reports stable Q2 performance and growth outlook

Reliance Steel & Aluminum navigated a slightly lower sales quarter with strong profitability and cash flow, returning value to shareholders. The company's strategic focus on acquisitions, capital expenditures, and addressing operational challenges positions it well to capitalize on growth opportunities in the market.

Reliance Steel & Aluminum shows resilience in Q3 earnings call

Reliance Steel & Aluminum delivered solid financial results and demonstrated resilience in Q3 2023.
Despite challenges in net sales and pricing, the company remains focused on growth and value creation.
With a strong capital expenditure budget and a robust acquisition pipeline, Reliance is poised for future growth.

Reliance reports record earnings, poised for growth amid market optimism

Reliance Steel & Aluminum (RS), now Reliance, Inc., delivered a strong performance in Q4 2023, with record earnings and strategic investments for future growth.
The company's financial stability, focus on value-added capabilities, and optimistic outlook for Q1 2024 position it well in a competitive market landscape.
While challenges exist in market dynamics and integration of acquisitions, Reliance's strengths and opportunities signal a promising trajectory for continued success.

Reliance Steel & Aluminum reports robust Q1 performance and optimistic outlook

Reliance Steel & Aluminum's Q1 2024 earnings call highlighted strong performance, solid financial results, and strategic initiatives driving growth. Despite challenges such as margin pressures and pricing fluctuations, the company remains optimistic about future opportunities and expects improved demand in Q2 2024.

Reliance Steel & Aluminum reports solid Q2 performance amidst pricing challenges

Reliance Steel & Aluminum navigated market challenges with a focus on acquisitions and shareholder value.
Despite pricing pressures, the company maintained financial stability and reported strong earnings per share.
Proactive engagement in industry events and strategic initiatives position the company for growth and resilience.

Reliance Steel & Aluminum maintains profitability amidst market challenges in Q3

Reliance Steel & Aluminum demonstrated resilience and strategic focus in Q3 2024, maintaining profitability amid market challenges.
Strong financial performance, strategic investments, and governance enhancements position the company for sustainable growth.
While facing pricing pressures and market uncertainties, Reliance remains confident in its ability to navigate challenges and drive value.

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Reliance, Inc. engages in the provision of a metal distribution center. It offers alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products. The company was founded by Thomas J. Neilan on February 3, 1939, and is headquartered in Scottsdale, AZ.

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Here is how Reliance (RS) and SilverCrest Metals Inc. (SILV) have performed compared to their sector so far this year.

Has Reliance, Inc. (RS) Outpaced Other Basic Materials Stocks This Year?

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RS or LYSDY: Which Is the Better Value Stock Right Now?

Reliance (RS) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

After Plunging -9.98% in 4 Weeks, Here's Why the Trend Might Reverse for Reliance (RS)

Reliance (RS) gains on strong underlying demand in its major markets and strategic acquisitions.

Here's What Makes Reliance (RS) Stock a Solid Choice Right Now

SCOTTSDALE, Ariz., May 07, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) announced today that its management team will participate in the following upcoming investor conferences:

Reliance, Inc. Announces Upcoming Conference Participation

Reliance (RS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Reliance (RS) Upgraded to Buy: What Does It Mean for the Stock?

The heavy selling pressure might have exhausted for Reliance (RS) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Reliance (RS) Loses -13.04% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Reliance's (RS) first-quarter earnings and sales lag their respective estimates on lower shipments and prices.

Reliance's (RS) Earnings & Revenues Miss Estimates in Q1

Reliance, Inc. (NYSE:RS ) Q1 2024 Earnings Conference Call April 25, 2024 11:00 AM ET Company Participants Kim Orlando – ADDO Investor Relations Karla Lewis – President and Chief Executive Officer Steve Koch – Executive Vice President and Chief Operating Officer Arthur Ajemyan – Senior Vice President and Chief Financial Officer Conference Call Participants Phil Gibbs – KeyBanc Capital Markets Martin Englert – Seaport Search Partners Timna Tanners – Wolfe Research Operator Greetings, and welcome to Reliance, Inc. First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Reliance, Inc. (RS) Q1 2024 Earnings Call Transcript

Reliance (RS) came out with quarterly earnings of $5.30 per share, missing the Zacks Consensus Estimate of $5.51 per share. This compares to earnings of $6.37 per share a year ago.

Reliance (RS) Q1 Earnings and Revenues Lag Estimates

–  Net sales of $3.64 billion with tons sold up 10.3% from fourth quarter of 2023 –  Gross profit margin of 31.0% –  EPS of $5.23, non-GAAP EPS of $5.30 –  Completed acquisition of Cooksey Iron & Metal Company on February 1, 2024 –  Completed acquisition of American Alloy Steel, Inc. on April 1, 2024 –  Completed acquisition of Mid-West Materials, Inc. on April 1, 2024

Reliance, Inc. Reports First Quarter 2024 Financial Results

Reliance (RS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Reliance (RS) Expected to Beat Earnings Estimates: Should You Buy?

SCOTTSDALE, Ariz., April 11, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) announced today that it will report first quarter 2024 financial results for the period ended March 31, 2024, on Thursday, April 25, 2024, at 6:50 a.m. Eastern Time. Reliance management will host a conference call that same day at 11:00 a.m. Eastern Time. The call will be broadcast live over the Internet hosted on the Investors section of the Company's website at reliance.com.

Reliance, Inc. to Announce First Quarter 2024 Results on Thursday, April 25ᵗʰ

Reliance (RS) benefits from strong demand in key markets including non-residential construction and its growth actions.

Reliance (RS) Shares Scale 52-Week High: More Room to Run?

Reliance (RS) successfully acquires MidWest Materials, enhancing its Ohio market presence and strategic growth plans.

Reliance (RS) Acquires Steel Service Center MidWest Materials

SCOTTSDALE, Ariz., April 03, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) announced that effective April 1, 2024, it has completed its acquisition of all of the outstanding equity interests and related real estate assets of American Alloy Steel, Inc. (“American Alloy”). Headquartered in Houston, Texas and founded in 1971, American Alloy is a leading distributor of specialty carbon and alloy steel plate and round bar, including pressure vessel quality (PVQ) material. The acquisition of American Alloy increases Reliance's value-added processing and fabrication capabilities and expands the Company's specialty carbon steel plate product portfolio.

Reliance, Inc. Completes Acquisition of American Alloy Steel, Inc.

SCOTTSDALE, Ariz., April 02, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) announced that it has acquired all the outstanding equity interests of Mid-West Materials, Inc. (“MidWest Materials”), a premier flat-rolled steel service center primarily servicing North American OEMs. Headquartered in Perry, OH and founded in 1952, MidWest Materials provides a wide breadth of steel products including hot-rolled, high strength hot-rolled, coated, and cold-rolled products that are sold into the trailer manufacturing, agriculture, metal fabrication, and building products markets. The current management team will remain in place. For the twelve months ended December 31, 2023, annual net sales for MidWest Materials were approximately $87 million. The terms of the transaction were not disclosed.

Reliance, Inc. Acquires Mid-West Materials, Inc.

Reliance (RS) is expected to continue to gain from strong demand in key markets and its growth actions in the near term.

Reliance (RS) Up 24% in 6 Months: Will the Momentum Continue?

While Reliance (RS) faces headwinds from pricing pressure, it benefits from strong demand in its major markets and acquisitions.

Here's Why You Should Hold Onto Reliance (RS) Stock for Now

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Forecast-topping earnings performance in the fourth quarter and upbeat prospects have contributed to the gain in Reliance's (RS) shares.

Reliance (RS) Up 21% in 3 Months: What's Driving the Rally?

SCOTTSDALE, Ariz., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) announced today that Karla Lewis, President and Chief Executive Officer, Arthur Ajemyan, Senior Vice President and Chief Financial Officer, and Stephen Koch, Executive Vice President and Chief Operating Officer, will participate in the BMO Global Metals, Mining & Critical Minerals Conference on Tuesday, February 27 and Wednesday, February 28, 2024 in Hollywood, Florida. Reliance is scheduled to present on Wednesday, February 28 at 8:30 a.m. ET.

Reliance, Inc. Announces Participation at the BMO Global Metals, Mining & Critical Minerals Conference

Does Reliance Steel (RS) have what it takes to be a top stock pick for momentum investors? Let's find out.

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