Reliance Steel & Aluminum Co. (RS)
Market Cap | 16.24B |
Revenue (ttm) | 14.49B |
Net Income (ttm) | 1.26B |
Shares Out | 57.43M |
EPS (ttm) | 21.43 |
PE Ratio | 13.20 |
Forward PE | 14.71 |
Dividend | $4.40 (1.56%) |
Ex-Dividend Date | May 23, 2024 |
Volume | 381,614 |
Open | 279.98 |
Previous Close | 279.98 |
Day's Range | 279.43 - 283.46 |
52-Week Range | 237.14 - 342.20 |
Beta | 0.90 |
Analysts | Buy |
Price Target | 355.50 (+25.69%) |
Earnings Date | Jul 25, 2024 |
About RS
Reliance, Inc. operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products; and provides metals processing services to general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industries. It sells its p... [Read more]
Financial Performance
In 2023, RS's revenue was $14.81 billion, a decrease of -13.03% compared to the previous year's $17.03 billion. Earnings were $1.34 billion, a decrease of -27.40%.
Financial StatementsAnalyst Forecast
According to 4 analysts, the average rating for RS stock is "Buy." The 12-month stock price forecast is $355.5, which is an increase of 25.69% from the latest price.
News
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Reliance, Inc. Announces Upcoming Conference Participation
SCOTTSDALE, Ariz., May 07, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) announced today that its management team will participate in the following upcoming investor conferences:
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Reliance, Inc. Reports First Quarter 2024 Financial Results
– Net sales of $3.64 billion with tons sold up 10.3% from fourth quarter of 2023 – Gross profit margin of 31.0% – EPS of $5.23, non-GAAP EPS of $5.30 – Completed acquisition of Cooksey Iron & Meta...
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Reliance, Inc. to Announce First Quarter 2024 Results on Thursday, April 25ᵗʰ
SCOTTSDALE, Ariz., April 11, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) announced today that it will report first quarter 2024 financial results for the period ended March 31, 2024, on Thursday...
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Reliance, Inc. Completes Acquisition of American Alloy Steel, Inc.
SCOTTSDALE, Ariz., April 03, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) announced that effective April 1, 2024, it has completed its acquisition of all of the outstanding equity interests and ...
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Reliance, Inc. Acquires Mid-West Materials, Inc.
SCOTTSDALE, Ariz., April 02, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) announced that it has acquired all the outstanding equity interests of Mid-West Materials, Inc. (“MidWest Materials”), a...
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Reliance, Inc. Announces Participation at the BMO Global Metals, Mining & Critical Minerals Conference
SCOTTSDALE, Ariz., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) announced today that Karla Lewis, President and Chief Executive Officer, Arthur Ajemyan, Senior Vice President and Chief ...
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Reliance, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results and Unveils Corporate Rebranding
- Second highest annual EPS of $22.64; fourth quarter EPS of $4.70 - Second highest annual cash flow from operations of $1.67 billion - Repurchased $479.5 million of common stock in 2023 - Increas...
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Reliance Steel & Aluminum Co. Agrees to Acquire American Alloy Steel, Inc.
SCOTTSDALE, Ariz., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE: RS) announced that it has entered into a definitive agreement to acquire all of the outstanding equity interes...
![](https://cdn.snapi.dev/images/v1/m/w/press2-2257307.jpg)
Reliance Steel & Aluminum Co. Acquires Cooksey Iron & Metal Co., Inc.
SCOTTSDALE, Ariz., Feb. 02, 2024 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE: RS) announced that it has acquired all the outstanding equity interests of Cooksey Iron & Metal Co., Inc. (“Co...
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Reliance Steel & Aluminum Co. to Announce Fourth Quarter and Full Year 2023 Results on Thursday, February 15th
SCOTTSDALE, Ariz., Feb. 01, 2024 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it will report fourth quarter and full year 2023 financial results for the period ende...
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Reliance Steel & Aluminum Co. Announces Participation at the Goldman Sachs Global Metals & Mining Conference
SCOTTSDALE, Ariz., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE: RS) announced today that Karla Lewis, Chief Executive Officer, Arthur Ajemyan, Chief Financial Officer, and St...
![](https://cdn.snapi.dev/images/v1/u/y/press10-2122144.jpg)
Reliance Steel & Aluminum Co. Reports Third Quarter 2023 Financial Results
– Net sales of $3.62 billion with tons sold up 1.1% from Q3 2022 – Gross profit margin of 29.7% – EPS of $4.99; non-GAAP EPS of $5.00 – Cash flow from operations of $466.0 million – Repurchased $126.4...
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Reliance Steel & Aluminum Co. to Announce Third Quarter 2023 Results on Thursday, October 26th
SCOTTSDALE, Ariz., Oct. 12, 2023 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it will report third quarter 2023 financial results for the period ended September 30,...
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Reliance Steel & Aluminum Co. Reports Second Quarter 2023 Financial Results
• Net sales of $3.88 billion with tons sold up 1.9% from Q2 2022 • Strong gross profit margin of 31.5% • EPS of $6.49 • Cash flow from operations of $295.1 million • Repurchased $73.9 million of commo...
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Reliance Steel & Aluminum Co. to Announce Second Quarter 2023 Results on Thursday, July 27th
SCOTTSDALE, Ariz., July 13, 2023 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it will report second quarter 2023 financial results for the period ended June 30, 202...
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Reliance Steel & Aluminum Co. Announces Participation at the 2023 Wells Fargo Industrials Conference
SCOTTSDALE, Ariz., June 07, 2023 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE: RS) announced today that Karla Lewis, Chief Executive Officer, and Steve Koch, Chief Operating Officer, will p...
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Reliance Steel & Aluminum Co. Acquires Southern Steel Supply, LLC
SCOTTSDALE, Ariz., May 01, 2023 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced that it has acquired all the outstanding equity interests of Southern Steel Supply, LLC (“Southern...
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Reliance Steel & Aluminum Co. Reports First Quarter 2023 Financial Results
- Net sales of $3.97 billion with tons sold up 17.7% from Q4 2022 - Strong gross profit margin of 30.9% and pretax income margin of 12.8% - EPS of $6.43; non-GAAP EPS of $6.37 - Cash flow from operat...
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Reliance Steel Going For New Highs And Record Profits
There are a few foundational materials that make our world go round, money is not one of them, but it sure does buy them all. Vaclav Smil, a renounced Czech scientist, wrote in his book "How the world...
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Reliance Steel & Aluminum Co. to Announce First Quarter 2023 Results on Thursday, April 27th
SCOTTSDALE, Ariz., April 13, 2023 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it will report first quarter 2023 financial results for the period ended March 31, 20...
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4 Outperforming Steelmakers to Consider
As the first quarter of 2023 comes to a close, investors are looking at companies that have performed well so far this year.
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Reliance Steel & Aluminum Co. Donates $1 Million to Ronald McDonald House Charities® (RMHC®) to Commemorate the Expansion of its “Reliance Cares” Corporate Social Responsibility Program
SCOTTSDALE, Ariz., March 21, 2023 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (“Reliance”) (NYSE:RS) President and CEO Karla Lewis presented a $1 million donation check to Ronald McDonald House ...
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Reliance Steel & Aluminum Co. Announces Participation at the BMO Global Metals, Mining & Critical Minerals Conference
SCOTTSDALE, Ariz., Feb. 22, 2023 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE: RS) announced today that Karla Lewis, President and Chief Executive Officer, and Arthur Ajemyan, Senior Vice P...
![](https://cdn.snapi.dev/images/v1/s/z/press17-1756885.jpg)
Reliance Steel & Aluminum Co. Reports Fourth Quarter and Full Year 2022 Financial Results
- Record annual net sales of $17.03 billion increased 20.8% - Record annual pretax income of $2.43 billion and pretax income margin of 14.3% - Record annual EPS of $29.92; non-GAAP EPS of $30.03 - ...
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Reliance Steel & Aluminum Co. to Announce Fourth Quarter and Full Year 2022 Results on Thursday, February 16th
SCOTTSDALE, Ariz., Feb. 02, 2023 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it will report fourth quarter and full year 2022 financial results for the period ende...