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.

Challenged business segments provide opportunity for future upside. Company culture should lead to more growth and opportunity.

Reliance Steel & Aluminum: Still Creating Value, Still A Buy

Reliance Steel (RS) is poised to gain from lucrative acquisitions, robust demand and higher metal prices. It is a solid choice for investment at the moment.

Here's Why You Should Buy Reliance Steel (RS) Stock Right Now

Reliance Steel & Aluminum (RS) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Is Reliance Steel & Aluminum (RS) Stock a Solid Choice Right Now?

Here is how Reliance Steel (RS) and ScanSource (SCSC) have performed compared to their sector so far this year.

Is Reliance Steel (RS) Outperforming Other Industrial Products Stocks This Year?

Reliance Steel's (RS) recent acquisition of Rotax seeks to widen the company's product base and portfolio.

Reliance Steel (RS) Buys Rotax to Augment Its Product Portfolio

Good earnings have caused share price gains to possibly overshoot.

Reliance Steel: Not For Long-Term Holders

LOS ANGELES, Dec. 20, 2021 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced that it has acquired Rotax Metals, Inc. (“Rotax”), a metals service center specializing in copper, bronze and brass alloys. Founded in 1947 and located in Brooklyn, New York, Rotax services a diverse customer base including distributors, manufacturers and the commercial and residential construction markets, emphasizing local customer relationships and next-day delivery. For the twelve months ended July 31, 2021, annual net sales for Rotax were approximately $14 million. The terms of the transaction were not disclosed. Rotax will operate as a subsidiary of Yarde Metals, Inc., a wholly owned subsidiary of Reliance.

Reliance Steel & Aluminum Co. Acquires Rotax Metals, Inc.

Reliance Steel & Aluminum (RS) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.

Reliance Steel & Aluminum (RS): The Perfect Mix of Value and Rising Earnings Estimates?

Reliance Steel's (RS) acquisition of Admiral Metals will add to its existing portfolio and generate accretive earnings.

Reliance Steel (RS) Buys Massachusetts-Based Admiral Metals

Is Reliance Steel (RS) Stock Outpacing Its Industrial Products Peers This Year?

Reliance Steel's (RS) acquisition of Nu-Tech is expected to add to its growth in industries like nuclear and aerospace.

Reliance Steel (RS) Buys Ontario-Based Nu-Tech Precision Metals

LOS ANGELES, Dec. 14, 2021 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced that it has acquired Admiral Metals Servicecenter Company, Inc. (“Admiral Metals”), a leading distributor of non-ferrous metal products in the Northeastern United States. Founded in 1950 and headquartered in Woburn, Massachusetts, Admiral Metals serves a wide variety of end markets including the semiconductor, automotive, medical, infrastructure, aerospace and industrial markets through its eight strategically located service center locations which provide next-day delivery of in-stock items. Admiral Metals' broad product offering of approximately 3,000 SKUs includes aluminum, brass, bronze, copper, stainless steel and steel in a variety of forms and shapes, including round, hex, rectangle, sheet, square, plate, and tube, among others. Admiral Metals also performs value-added custom cutting services for its customers. Admiral Metals' annual net sales in 2020 were approximately $134 million. The terms of the transaction were not disclosed.

Reliance Steel & Aluminum Co. Acquires Admiral Metals Servicecenter Company, Inc.

Reliance Steel (RS) benefits from higher demand in major end-use markets and strategic acquisitions.

Here's Why You Should Add Reliance Steel (RS) to Your Portfolio

LOS ANGELES, Dec. 13, 2021 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced that it has acquired Nu-Tech Precision Metals Inc. (“Nu-Tech”), a custom manufacturer of specialty extruded metals, fabricated parts and welded components. Founded in 1985 and headquartered in Arnprior, near Ottawa, Ontario, Nu-Tech serves a wide variety of markets across North America, including the nuclear, aerospace and military markets, among others. Nu-Tech's broad product offering includes tube, pipe, engineered shapes and round and flat bar from pure metals and alloys of titanium, zirconium, copper, nickel, hafnium, niobium and steel. Nu-Tech's annual net sales in 2020 were approximately $44 million. The terms of the transaction were not disclosed.

Reliance Steel & Aluminum Co. Acquires Nu-Tech Precision Metals Inc.

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With the Industrial Products sector on a roll for 18 straight months, we suggest betting on these four stocks - EMR, BERY, RS and AIT that are poised to gain on this momentum.

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Has Reliance Steel (RS) Outpaced Other Industrial Products Stocks This Year?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Reliance Steel (RS) Right Now?

Should Value Investors Buy Reliance Steel (RS) Stock?

Reliance Steel (RS) registers record sales in Q3 on favorable pricing and strong underlying demand in many of its major end markets.

Reliance Steel's (RS) Q3 Earnings and Revenues Top Estimates

Reliance Steel & Aluminum's (RS) CEO Jim Hoffman on Q3 2021 Results - Earnings Call Transcript

Reliance Steel (RS) delivered earnings and revenue surprises of 3.54% and 3.65%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Reliance Steel (RS) Surpasses Q3 Earnings and Revenue Estimates

- Record quarterly net sales of $3.85 billion - Record quarterly gross profit of $1.21 billion driven by strong gross profit margin of 31.5% - LIFO expense of $262.5 million or $3.06 per diluted share - Record quarterly pretax income of $532.6 million and record pretax income margin of 13.8% - Record quarterly EPS of $6.15 - Repurchased $131.0 million of Reliance common stock

Reliance Steel & Aluminum Co. Reports Record Third Quarter 2021 Financial Results

Reliance Steel (RS) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy Reliance Steel (RS) Ahead of Earnings?

Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.

News for Reliance Steel & Aluminum Stock (RS)