Reliance Steel & Aluminum Co. (RS)

NYSE: RS · IEX Real-Time Price · USD
304.05
-4.10 (-1.33%)
Jul 26, 2024, 4:00 PM EDT - Market closed
-1.33%
Market Cap 17.46B
Revenue (ttm) 14.49B
Net Income (ttm) 1.26B
Shares Out 57.43M
EPS (ttm) 21.43
PE Ratio 14.19
Forward PE 15.83
Dividend $4.40 (1.45%)
Ex-Dividend Date Aug 16, 2024
Volume 360,448
Open 302.01
Previous Close 308.15
Day's Range 301.81 - 307.26
52-Week Range 237.14 - 342.20
Beta 0.86
Analysts Hold
Price Target 350.00 (+15.11%)
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]

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 "Hold." The 12-month stock price forecast is $350.0, which is an increase of 15.11% from the latest price.

Price Target
$350.0
(15.11% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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%.

1 day 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
11 days 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...

11 days 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,...

15 days ago - GlobeNewsWire

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:

2 months ago - GlobeNewsWire

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...

3 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...

3 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 ...

4 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...

4 months 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 ...

5 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...

5 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...

5 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...

6 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...

6 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...

9 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...

9 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,...

10 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...

1 year 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...

1 year 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...

1 year 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