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., Oct. 11, 2022 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE: RS) today announced that James D. Hoffman has announced his intention to step down as Chief Executive Officer on December 31, 2022 and, further, that the company's Board of Directors has unanimously appointed Karla R. Lewis to succeed Mr. Hoffman as CEO effective January 1, 2023. Mr. Hoffman will remain on Reliance's Board of Directors and will continue in his role as CEO through the end of 2022, after which he will serve as Senior Advisor to the CEO until his retirement in December 2023.

Reliance Steel Announces Executive Leadership Succession; Karla R. Lewis to Succeed James D.

I recently wrote on Norsk Hydro, a Scandinavian Aluminum business with exposure in recycling, energy and other sectors. I'm now expanding my commodities coverage to Reliance Steel & Aluminum - one of the largest businesses of its kind in all of North America.

You Can Rely On Reliance Steel & Aluminum

Reliance Steel (RS) possesses solid growth attributes, which could help it handily outperform the market.

3 Reasons Growth Investors Will Love Reliance Steel (RS)

Reliance Steel (RS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Reliance Steel (RS) Upgraded to Buy: What Does It Mean for the Stock?

Reliance Steel (RS) gains on strong demand in its major markets and strategic acquisitions amid challenges from cost inflation.

Why You Should Retain Reliance Steel (RS) in Your Portfolio

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RS:CA Offers Real Estate Investors A Leveraged Format And Canadian Exposure

Reliance Steel's ratings and strong record of earnings growth and dividend payments make it an attractive stock. The post Reliance Steel Nears Buy Point As Superb Profit Growth Continues appeared first on Investor's Business Daily.

Reliance Steel Nears Buy Point As Superb Profit Growth Continues

Reliance Steel (RS) gains on higher pricing and strong demand in many of the company's end markets in Q2.

Reliance Steel (RS) Tops Earnings and Sales Estimates in Q2

Reliance Steel & Aluminum Co. (NYSE:RS ) Q2 2022 Earnings Conference Call July 28, 2022 11:00 AM ET Company Participants Kim Orlando – Managing Director-ADDO Investor Relations Jim Hoffman – Chief Executive Officer Karla Lewis – President Arthur Ajemyan – Senior Vice President and Chief Financial Officer Conference Call Participants Emily Chieng – Goldman Sachs Seth Rosenfeld – BNP Paribas Timna Tanners – Wolfe Research Operator Greetings, and welcome to the Reliance Steel & Aluminum Company Second Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode.

Reliance Steel & Aluminum Co.'s (RS) CEO Jim Hoffman on Q2 2022 Results - Earnings Call Transcript

Reliance Steel (RS) delivered earnings and revenue surprises of 0.99% and 2.14%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Reliance Steel (RS) Q2 Earnings and Revenues Beat Estimates

- Record quarterly sales of $4.68 billion - Record quarterly gross profit of $1.50 billion driven by strong gross profit margin of 31.9% - Record quarterly pretax income of $762.6 million and margin of 16.3% - Record quarterly EPS of $9.15 - Repurchased ~1.1 million common shares for a total of $193.9 million - Replenished existing share repurchase program to $1 billion

Reliance Steel & Aluminum Co. Reports Second Quarter 2022 Financial Results

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) Could Beat Earnings Estimates Again

Reliance Steel (RS) gains on strong underlying demand in its major markets, strength in metals pricing and strategic acquisitions.

Here's Why You Should Hold Onto Reliance Steel (RS) Stock for Now

LOS ANGELES, July 14, 2022 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it will report second quarter 2022 financial results for the period ended June 30, 2022, on Thursday, July 28, 2022, 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 Second Quarter 2022 Results on Thursday, July 28th

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Reliance Steel (RS) is benefiting from healthy demand, higher prices and acquisitions.

Reliance Steel (RS) Gains on Strong Demand, Acquisitions

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Why Reliance Steel (RS) is a Top Growth Stock for the Long-Term

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Reliance Steel has seen a boom in earnings due to strong pricing. This extremely well-led steel service company continues to work on its future, pursuing additional bolt-on M&A.

Reliance Steel - Stronger Than Steel

Reliance Steel (RS) benefits from strong demand across key end-use markets, a diversified product base and strategic acquisitions.

Reliance Steel's (RS) Shares Up 28% in 6 Months: Here's Why

Reliance Steel (RS) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Here's Why Reliance Steel (RS) Looks Ripe for Bottom Fishing

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Reliance Steel & Aluminum Co. Announces Executive Officer Retirement and Promotions

Reliance Steel (RS) is a Top-Ranked Growth Stock: Should You Buy?

LOS ANGELES, May 04, 2022 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE: RS) announced today that James Hoffman, Chief Executive Officer, Karla Lewis, President, and Arthur Ajemyan, Senior Vice President and Chief Financial Officer, will participate in the Goldman Sachs Industrials and Materials Conference on Wednesday, May 11, 2022 at The Conrad New York Hotel in New York City. Reliance is scheduled to present at 8:00 a.m. ET and will participate in meetings with investors throughout the day.

News for Reliance Steel & Aluminum Stock (RS)