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.

SCOTTSDALE, Ariz., April 13, 2023 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it will report first quarter 2023 financial results for the period ended March 31, 2023, on Thursday, April 27, 2023, 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 www.rsac.com.

Reliance Steel & Aluminum Co. to Announce First Quarter 2023 Results on Thursday, April 27th

Reliance Steel (RS) gains on healthy demand in non-residential construction, semiconductor and automotive markets and strategic acquisitions.

Reliance Steel's (RS) Shares Pop 37% in 6 Months: Here's Why

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Reliance Steel (RS) is seeing growing demands in its largest end-market, non-residential construction.

Reliance Steel (RS) Rides on Solid Demand & Investments

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Reliance Steel (RS) gains on strong demand in major end-use markets and strategic acquisitions.

What Makes Reliance Steel (RS) Stock a Solid Choice Right Now

SCOTTSDALE, Ariz., March 21, 2023 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (“Reliance”) (NYSE:RS) President and CEO Karla Lewis presented a $1 million donation check to Ronald McDonald House Charities® (RMHC®). The gift was accepted by RMHC Global President and CEO, Katie Fitzgerald, at the annual Reliance Managers' Meeting on March 9, 2023.

Reliance Steel & Aluminum Co. Donates $1 Million to Ronald McDonald House Charities® (RMHC®) to Commemorate the Expansion of its “Reliance Cares” Corporate Social Responsibility Program

Better-than-expected earnings performance in Q4 and upbeat prospects driven by healthy demand in major markets have contributed to the gain in Reliance Steel's (RS) shares.

Reliance Steel's (RS) Shares Rally 24% in 3 Months: Here's Why

Is Reliance Steel & Aluminum Co. (RS) Stock Outpacing Its Industrial Products Peers This Year?

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SCOTTSDALE, Ariz., Feb. 22, 2023 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE: RS) announced today that Karla Lewis, President and Chief Executive Officer, and Arthur Ajemyan, Senior Vice President and Chief Financial Officer, will participate in the BMO Global Metals, Mining & Critical Minerals Conference on Wednesday, March 1, 2023 in Hollywood, Florida. Reliance is scheduled to present at 8:00 a.m. ET and will participate in meetings with investors throughout the day.

Reliance Steel & Aluminum Co. Announces Participation at the BMO Global Metals, Mining & Critical Minerals Conference

Weaker shipments and lower average selling prices hurt Reliance Steel's (RS) top line in the fourth quarter.

Reliance Steel (RS) Earnings Top Estimates in Q4, Revenues Lag

Reliance Steel (RS) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Reliance Steel & Aluminum Co. (RS) Hit a 52 Week High, Can the Run Continue?

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Reliance Steel & Aluminum Co. (NYSE:RS ) Q4 2022 Earnings Conference Call February 16, 2023 11:00 AM ET Company Participants Kim Orlando - ADDO Investor Relations Karla Lewis - President and CEO Steve Koch - Executive Vice President and COO Arthur Ajemyan - Senior Vice President and CFO Conference Call Participants Emily Chieng - Goldman Sachs Phil Gibbs - KeyBanc Capital Markets Katja Jancic - BMO Capital Markets Lawson Winder - Bank of America Securities John Tumazos - John Tumazos Very Independent Research Operator Greetings. And welcome to the Reliance Steel & Aluminum Company's Fourth Quarter 2022 Earnings Conference Call.

Reliance Steel & Aluminum Co. (RS) Q4 2022 Earnings Call Transcript

-  Record annual net sales of $17.03 billion increased 20.8% -  Record annual pretax income of $2.43 billion and pretax income margin of 14.3% -  Record annual EPS of $29.92; non-GAAP EPS of $30.03 -  Record quarterly and annual cash flow from operations of $808.7 million and $2.12 billion -  Repurchased $630.3 million of common stock in 2022 -  Increased quarterly dividend 14.3% to $1.00 per share (annual: $4.00)

Reliance Steel & Aluminum Co. Reports Fourth Quarter and Full Year 2022 Financial Results

Reliance Steel (RS) is expected to have seen strong demand in end markets despite lower volumes and other headwinds like inflation and supply chain disruptions in Q4.

Reliance Steel (RS) to Report Q4 Earnings: What's in Store?

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SCOTTSDALE, Ariz., Feb. 02, 2023 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it will report fourth quarter and full year 2022 financial results for the period ended December 31, 2022, on Thursday, February 16, 2023, 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 www.rsac.com.

Reliance Steel & Aluminum Co. to Announce Fourth Quarter and Full Year 2022 Results on Thursday, February 16th

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Reliance Steel (RS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Reliance Steel (RS) is Poised to Beat Earnings Estimates Again

Reliance Steel (RS) benefits from the recovery in aerospace and energy and continued strong performance in the semiconductor market.

Reliance Steel (RS) Rides on Strong Demand and Acquisitions

Reliance Steel & Aluminum is part of a sector that is outperforming, and most investors don't even know about it. RS is priced at 7x this year's EPS. So, the stock is clearly cheap.

News for Reliance Steel & Aluminum Stock (RS)