Reliance, Inc. (RS)

NYSE: RS · Real-Time Price · USD
313.53
+4.50 (1.46%)
Nov 20, 2024, 4:00 PM EST - Market closed
1.46%
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]

Industry Steel
Sector Materials
IPO Date Sep 15, 1994
Employees 15,000
Stock Exchange NYSE
Ticker Symbol RS
Full Company Profile

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 Statements

Analyst 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.

Price Target
$345.0
(10.04% upside)
Analyst Consensus: Hold
Stock Forecasts

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 ...

14 days ago - GlobeNewsWire

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...

27 days ago - Seeking Alpha

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 ...

4 weeks ago - GlobeNewsWire

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...

6 weeks ago - GlobeNewsWire

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 ...

7 weeks ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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...

4 months ago - Seeking Alpha

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%.

4 months ago - GlobeNewsWire

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.

Other symbols: AACENXSTLD
4 months ago - Barrons

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...

4 months ago - GlobeNewsWire

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,...

4 months ago - GlobeNewsWire

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, ...

6 months ago - Seeking Alpha

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:

7 months ago - GlobeNewsWire

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...

7 months ago - Seeking Alpha

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...

7 months ago - GlobeNewsWire

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...

8 months ago - GlobeNewsWire

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 ...

8 months ago - GlobeNewsWire

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...

8 months ago - GlobeNewsWire

27 Upcoming Dividend Increases Including A Dividend King

A new list of 27 new dividend increases, including King Kimberly-Clark and three other champions.

Other symbols: ADIAMEBLKCNIELVESEXPO
9 months ago - Seeking Alpha

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 ...

9 months ago - GlobeNewsWire

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...

9 months ago - Seeking Alpha

Reliance Steel & Aluminum Co. (RS) Q4 2023 Earnings Call Transcript

Reliance Steel & Aluminum Co. (RS) Q4 2023 Earnings Call Transcript

9 months ago - Seeking Alpha

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...

9 months ago - GlobeNewsWire

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...

10 months ago - GlobeNewsWire