Reliance Steel & Aluminum Co. (RS)

NYSE: RS · IEX Real-Time Price · USD
319.49
-0.67 (-0.21%)
Apr 19, 2024, 4:00 PM EDT - Market closed
-0.21%
Market Cap 18.35B
Revenue (ttm) 14.81B
Net Income (ttm) 1.34B
Shares Out 57.43M
EPS (ttm) 22.64
PE Ratio 14.11
Forward PE 15.63
Dividend $4.40 (1.38%)
Ex-Dividend Date Mar 7, 2024
Volume 200,918
Open 319.58
Previous Close 320.16
Day's Range 315.00 - 322.83
52-Week Range 229.12 - 342.20
Beta 0.88
Analysts Buy
Price Target 365.67 (+14.45%)
Earnings Date Apr 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]

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, 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 Statements

Analyst Forecast

According to 4 analysts, the average rating for RS stock is "Buy." The 12-month stock price forecast is $365.67, which is an increase of 14.45% from the latest price.

Price Target
$365.67
(14.45% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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 days 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 ...

16 days 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...

17 days ago - GlobeNewsWire

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 ...

2 months ago - GlobeNewsWire

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...

2 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...

2 months ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

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...

6 months ago - GlobeNewsWire

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,...

6 months ago - GlobeNewsWire

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...

9 months ago - GlobeNewsWire

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...

10 months ago - GlobeNewsWire

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...

11 months ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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...

1 year ago - Benzinga

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...

1 year ago - GlobeNewsWire

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.

Other symbols: CLFNUESTLD
1 year ago - GuruFocus

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 ...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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 - ...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

5 Steel Stocks Hit New 12-Month Highs

These steel stocks are hotter than Tesla, Amazon, Apple and NVIDIA, if you measure hotness by price chart out-performance.

Other symbols: ATICMCGGBTS
1 year ago - Forbes

Reliance Steel & Aluminum Co. Announces Redemption of Its 4.500% Senior Notes Due 2023

SCOTTSDALE, Ariz., Dec. 15, 2022 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE: RS) announced today that it has issued a notice of redemption (the “Redemption Date”) to redeem all of its out...

1 year ago - GlobeNewsWire