RS benefits from its strong business model that caters to various markets, effective operations, and strategies aimed at growth through acquisitions.
RS experienced increased shipments despite facing challenges from lower metal prices in the fourth quarter.
Reliance, Inc. (NYSE:RS) will hold its Q4 2024 Earnings Conference Call on February 20, 2025, at 11:00 AM ET. The call will feature company representatives, including Kimberly Orlando from Investor Relations, Karla Lewis, the CEO, and Stephen Koch, the COO. Participants from various financial institutions will also join the call, and it will be recorded for future reference.
Reliance (RS) reported quarterly earnings of $2.22 per share, which is lower than the Zacks Consensus Estimate of $2.74 per share. This is a decrease compared to earnings of $4.73 per share from the same period last year.
Reliance, Inc. announced its financial results for the fourth quarter and the entire year ending December 31, 2024. The company achieved a significant annual cash flow from operations of $1.43 billion and repurchased a record $1.09 billion in common stock, reducing outstanding shares by 6%. Additionally, annual net sales reached $13.84 billion, with a gross profit margin of 29.7% and an increase in the quarterly dividend by 9.1% to $1.20 per share.
Reliance (RS) lacks the right mix of the two important factors that could lead to a strong earnings report in its next announcement. Be ready for the main expectations.
Although RS is dealing with challenges related to pricing and demand, it has a strong business model and is taking steps to promote growth through acquisitions.
RS experienced increased shipments despite facing challenges from lower metal prices in the third quarter.
Reliance, Inc. (NYSE:RS) will hold its Q3 2024 Earnings Conference Call on October 24, 2024, at 11:00 AM ET. The call will feature company representatives, including Kimberly Orlando from Investor Relations and CEO Karla Lewis. Currently, all attendees are in listen-only mode.
Reliance, Inc. (NYSE: RS) announced its financial results for the third quarter ending September 30, 2024, reporting net sales of $3.42 billion, with a 7.1% increase in tons sold compared to Q3 2023. The company achieved a gross profit margin of 29.4% and an earnings per share (EPS) of $3.61, with a non-GAAP EPS of $3.64. Additionally, cash flow from operations was $463.9 million, and share repurchases of $432.0 million reduced outstanding shares by 3%.