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 Q3 2024

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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LOS ANGELES, May 10, 2021 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE: RS) announced today that James Hoffman, Chief Executive Officer, Karla Lewis, President, and Arthur Ajemyan, Vice President and Chief Financial Officer, will participate in the following upcoming conferences:

Reliance Steel & Aluminum Co. Announces Upcoming Conference Participation

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This metals processing company is financially healthy and profitable, but its valuation is not so straightforward

Reliance Steel & Aluminum Becomes an Undervalued Predictable Stock

Reliance Steel (RS) benefits from improved demand in many of its end markets and strong metals pricing in Q1.

Reliance Steel (RS) Q1 Earnings and Revenues Surpass Estimates

Reliance Steel & Aluminum Co. (RS) CEO Jim Hoffman on Q1 2021 Results - Earnings Call Transcript

Reliance Steel (RS) delivered earnings and revenue surprises of 11.11% and 4.30%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Reliance Steel (RS) Tops Q1 Earnings and Revenue Estimates

Shares of Reliance Steel & Aluminum (NYSE:RS) fell 0.1% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 67.35% over the past year to $4.10, which beat the estimate of $3.51.

Recap: Reliance Steel & Aluminum Q1 Earnings

- Record quarterly gross profit of $953.7 million driven by record quarterly gross profit margin of 33.6% - Record quarterly pretax income of $359.0 million and record pretax income margin of 12.6% - Record EPS of $4.12 - Cash flow from operations of $161.8 million

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

Reliance Steel & Aluminum Co. (NYSE:RS) is the largest metals service center operator in North America.

Reliance Steel & Aluminum Stock Continues to Shine

LOS ANGELES, April 08, 2021 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it will report first quarter 2021 financial results for the period ended March 31, 2021, on Thursday, April 22, 2021, 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 investor.rsac.com .

Reliance Steel & Aluminum Co. to Announce First Quarter 2021 Results on Thursday, April 22nd

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Reliance Steel (RS) reported earnings 30 days ago. What's next for the stock?

Why Is Reliance Steel (RS) Up 17.2% Since Last Earnings Report?

Reliance Steel (RS) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Rising for Reliance Steel (RS): Will It Gain?

LOS ANGELES, March 09, 2021 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE: RS) announced today that James Hoffman, Chief Executive Officer, Karla Lewis, President, and Arthur Ajemyan, Vice President and Chief Financial Officer, will participate in the J.P. Morgan 2021 Industrials Conference on Tuesday, March 16, 2021. Reliance is scheduled to present virtually at 5:20 p.m. ET and will participate in virtual meetings with investors throughout the day.

Reliance Steel & Aluminum Co. Announces Participation at the J.P. Morgan 2021 Industrials Conference

After rising more than 95% from its March 2020 lows, at the current price of $139 per share, Reliance Steel & Aluminum Co. stock (NYSE: RS) now looks overvalued. RS stock rallied from $71 to $139 off its recent bottom, compared to the S&P 500 which increased 75% from its recent lows.

Reliance Steel & Aluminum Stock At All-Time High – Time To Exit?

Reliance Steel has provided shareholders with mostly double-digit returns over the past six years. The strong returns appear to be partly due to the share price getting well ahead of itself, with share price declines likely.

Reliance Steel: Share Price In Bubble Territory

Reliance Steel & Aluminum Co. (RS) CEO James Hoffman on Q4 2020 Results - Earnings Call Transcript

Reliance Steel (RS) delivered earnings and revenue surprises of 0.50% and 1.47%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Reliance Steel (RS) Tops Q4 Earnings and Revenue Estimates

- Record annual gross profit margin of 31.5%, record fourth quarter gross profit margin of 33.0% - Annual EPS of $5.66, annual non-GAAP EPS of $7.71, fourth quarter EPS of $2.01 - Strong annual cash flow from operations of $1.17 billion - Annual share repurchases of $337.3 million - Increased quarterly dividend 10.0% to $0.6875 per share

Reliance Steel & Aluminum Co. Reports Fourth Quarter and Full Year 2020 Financial Results

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

Why Earnings Season Could Be Great for Reliance Steel (RS)

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News for Reliance Steel & Aluminum Stock (RS)