Profile
Sector:
Basic MaterialsIndustry:
Steel & IronCountry:
United StatesIPO:
16 September 1994Website:
http://www.rsac.comNext earnings report:
14 February 2025Last dividends:
16 August 2024Next dividends:
22 November 2024Price
pre-market | 42 min agoAnalysts recommendations
Institutional Ownership
Included in screeners
RS Latest News
RS benefits from higher shipments amid headwinds from weaker metals pricing in the third quarter.
Reliance, Inc. (NYSE:RS ) Q3 2024 Earnings Conference Call October 24, 2024 11:00 AM ET Company Participants Kimberly Orlando - ADDO Investor Relations Karla Lewis - President and Chief Executive Officer Stephen Koch - Executive Vice President and Chief Operating Officer Arthur Ajemyan - Senior Vice President and Chief Financial Officer Conference Call Participants Katja Jancic - BMO Capital Markets Philip Gibbs - KeyBanc Capital Markets Operator Ladies and gentlemen, good morning, and welcome to the Reliance, Inc. Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
— Net sales of $3.42 billion with tons sold up 7.1% from Q3 2023 — Gross profit margin of 29.4% — EPS of $3.61, non-GAAP EPS of $3.64 — Cash flow from operations of $463.9 million — Share repurchases of $432.0 million reduced outstanding shares by 3%; replenished existing share repurchase program to $1.5 billion — Amended and restated $1.5 billion credit agreement for a new five-year term — Completed acquisition of FerrouSouth toll processing assets on August 16, 2024 SCOTTSDALE, Ariz., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) today reported its financial results for the third quarter ended September 30, 2024.
Reliance (RS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
SCOTTSDALE, Ariz., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) today announced the appointment of James K. Kamsickas, 57, to serve as an independent director. Mr. Kamsickas' term took effect on October 1, 2024 and will expire at the Company's 2025 Annual Meeting of Stockholders. Following the appointment of Mr. Kamsickas, Reliance's Board will be comprised of nine members, eight of whom are independent.
RS believes that this amended and restated credit agreement boosts its already strong liquidity position.
Reliance's (RS) second-quarter revenues beat estimates on increased volumes.
Reliance (RS) came out with quarterly earnings of $4.65 per share, missing the Zacks Consensus Estimate of $4.73 per share. This compares to earnings of $6.49 per share a year ago.
Reliance (RS) doesn't possess 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) is acquiring FerrouSouth's assets to enhance its toll processing capabilities and expand Feralloy's operations in the Southeastern U.S.
What type of business is Reliance Steel & Aluminum Co?
Reliance Steel & Aluminum Co. is an industrial company that provides metal processing services. Reliance Steel's metal production and processing centers acquire carbon steel, aluminum, stainless steel, alloy steel, and other metal products from primary metal producers, and then process these materials according to customer requirements using methods such as cutting beams, bars, pipes, and tubes; bending, shaping, and forming; processing coils and flat rolls; cutting plates and sheets; machining and various other specialized services such as laser cutting, fabrication, mechanical and electro polishing, and others. Reliance Steel & Aluminum Co. was founded in 1939 and is headquartered in Los Angeles, California.
What sector is Reliance Steel & Aluminum Co in?
Reliance Steel & Aluminum Co is in the Basic Materials sector
What industry is Reliance Steel & Aluminum Co in?
Reliance Steel & Aluminum Co is in the Steel & Iron industry
What country is Reliance Steel & Aluminum Co from?
Reliance Steel & Aluminum Co is headquartered in United States
When did Reliance Steel & Aluminum Co go public?
Reliance Steel & Aluminum Co initial public offering (IPO) was on 16 September 1994
What is Reliance Steel & Aluminum Co website?
https://www.rsac.com
Is Reliance Steel & Aluminum Co in the S&P 500?
No, Reliance Steel & Aluminum Co is not included in the S&P 500 index
Is Reliance Steel & Aluminum Co in the NASDAQ 100?
No, Reliance Steel & Aluminum Co is not included in the NASDAQ 100 index
Is Reliance Steel & Aluminum Co in the Dow Jones?
No, Reliance Steel & Aluminum Co is not included in the Dow Jones index
When was Reliance Steel & Aluminum Co the previous earnings report?
No data
When does Reliance Steel & Aluminum Co earnings report?
The next expected earnings date for Reliance Steel & Aluminum Co is 14 February 2025