Reliance, Inc. (RS)
Market Cap | 16.97B |
Revenue (ttm) | 14.05B |
Net Income (ttm) | 1.04B |
Shares Out | 54.12M |
EPS (ttm) | 18.25 |
PE Ratio | 17.18 |
Forward PE | 21.63 |
Dividend | $4.40 (1.40%) |
Ex-Dividend Date | Nov 22, 2024 |
Volume | 214,373 |
Open | 310.26 |
Previous Close | 309.03 |
Day's Range | 308.74 - 314.23 |
52-Week Range | 261.77 - 342.20 |
Beta | 0.84 |
Analysts | Hold |
Price Target | 345.00 (+10.04%) |
Earnings Date | Oct 24, 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, Reliance'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 "Hold." The 12-month stock price forecast is $345.0, which is an increase of 10.04% from the latest price.
News
Reliance, Inc. Announces Participation at the Baird 2024 Global Industrial Conference
SCOTTSDALE, Ariz., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) announced today that Karla Lewis, President and Chief Executive Officer, Arthur Ajemyan, Senior Vice President and Chief ...
Reliance, Inc. (RS) Q3 2024 Earnings Call Transcript
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 Offi...
Reliance, Inc. Reports Third Quarter 2024 Financial Results
— 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 ...
Reliance, Inc. to Announce Third Quarter 2024 Results on Thursday, October 24th
SCOTTSDALE, Ariz., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) announced today that it will report third quarter 2024 financial results for the period ended September 30, 2024, on Thurs...
Reliance, Inc. Announces Appointment of James K. Kamsickas to Board of Directors and Douglas W.
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 ...
Reliance, Inc. Announces Amended and Restated $1.5 Billion Credit Facility
SCOTTSDALE, Ariz., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) announced today that effective September 10, 2024, it has entered into an amended and restated $1.5 billion five-year un...
Reliance, Inc. to Ring the Closing Bell at the New York Stock Exchange to Commemorate its 30th Anniversary as a Public Company
SCOTTSDALE, Ariz., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) announced that Karla Lewis, President and Chief Executive Officer, will ring the closing bell at the New York Stock Exch...
Reliance, Inc. (RS) Q2 2024 Earnings Call Transcript
Reliance, Inc. (NYSE:RS) Q2 2024 Earnings Conference Call July 25, 2024 11:00 AM ET Company Participants Kim Orlando - ADDO Investor Relations Karla Lewis - President and Chief Executive Officer Stev...
Reliance, Inc. Reports Second Quarter 2024 Financial Results
Net sales of $3.64 billion with tons sold up 4.0% from Q1 2024. Gross profit margin of 29.8%.
Why Trump Tariffs Are Lifting Steel Dynamics, Other U.S. Stocks
President Trump is up in 2024 general election polls. That is boosting materials and car stocks while sending renewable energy shares lower.
Reliance, Inc. Agrees to Acquire Tolling Assets from FerrouSouth
SCOTTSDALE, Ariz., July 15, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) announced that it has reached an agreement to purchase certain assets of the FerrouSouth division of Ferragon Corporation...
Reliance, Inc. to Announce Second Quarter 2024 Results on Thursday, July 25th
SCOTTSDALE, Ariz., July 11, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) announced today that it will report second quarter 2024 financial results for the period ended June 30, 2024, on Thursday,...
Reliance: Exceptional Fundamentals With Compounding Returns
Commodities are in another super-cycle, as shown by the performance of the Bloomberg Commodity Index diverging from stock and bond indices. Reliance Inc. is a compelling option in the steel industry, ...
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:
Reliance, Inc. (RS) Q1 2024 Earnings Call Transcript
Reliance, Inc. (NYSE:RS) Q1 2024 Earnings Conference Call April 25, 2024 11:00 AM ET Company Participants Kim Orlando – ADDO Investor Relations Karla Lewis – President and Chief Executive Officer Ste...
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...
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...
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 ...
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...
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 ...
Reliance Steel & Aluminum: A Very Reliable Operator
Reliance Steel shares reach all-time highs despite lower sales and earnings in 2023, after peak performance in 2022. The company's niche operations and strong track record make it an attractive long-t...
Reliance Steel & Aluminum Co. (RS) Q4 2023 Earnings Call Transcript
Reliance Steel & Aluminum Co. (RS) Q4 2023 Earnings Call Transcript
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...
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...