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 & Metal Company on February 1, 2024– Completed acquisition of American Alloy Steel, Inc. on April 1, 2024– Completed acquisition of Mid-West Materials, Inc. on April 1, 2024 SCOTTSDALE, Ariz., April 25, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) today reported its financial results for the first quarter ended March 31, 2024. (in...
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, April 25, 2024, at 6:50 a.m. Eastern Time. Reliance management will host a conference call that same day at 11:00 a.m. Eastern Time. The call will be broadcast live over the Internet hosted on the Investors section of the Company's website at . Reliance, Inc. First Quarter 2024 Conference Call Details ...
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 related real estate assets of American Alloy Steel, Inc. (“American Alloy”). Headquartered in Houston, Texas and founded in 1971, American Alloy is a leading distributor of specialty carbon and alloy steel plate and round bar, including pressure vessel quality (PVQ) material. The acquisition of American Alloy increases Relianc...
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 premier flat-rolled steel service center primarily servicing North American OEMs. Headquartered in Perry, OH and founded in 1952, MidWest Materials provides a wide breadth of steel products including hot-rolled, high strength hot-rolled, coated, and cold-rolled products that are sold into the trailer manufacturing, agriculture, metal fabricati...
Moody's Ratings ("Moody's") changed Reliance, Inc.'s ("Reliance", formerly Reliance Steel & Aluminum Co) outlook to positive from stable. At the same time, Moody's affirmed the company's Baa2 senior unsecured ratings. "The change in Reliance, Inc.'s outlook to positive reflects our expectations fo...
Two Directors at Reliance Inc gave away/sold/sold after exercising options 3,100 shares at between 0.000USD and 322.950USD. The significance rating of the trade was 64/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by 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 Financial Officer, and Stephen Koch, Executive Vice President and Chief Operating Officer, will participate in the BMO Global Metals, Mining & Critical Minerals Conference on Tuesday, February 27 and Wednesday, February 28, 2024 in Hollywood, Florida. Reliance is scheduled to present on Wedn...
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 - Increased quarterly dividend 10.0% to $1.10 per share (annual: $4.40) - Completed acquisition of Cooksey Iron & Metal Company on February 1, 2024 - Announced pending acquisition of American Alloy Steel, Inc. on February 14, 2024 - Rebranding to Reliance, Inc. to reflect the Company’s 85...
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 interests and related real estate assets of American Alloy Steel, Inc. (“American Alloy”), a leading distributor of specialty carbon and alloy steel plate and round bar, including pressure vessel quality (PVQ) material. Headquartered in Houston, Texas and founded in 1971, American Alloy operates five service centers in the U....
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. (“Cooksey”), a metals service center that processes and distributes finished steel products, including tubing, beams, plates and bars. Headquartered in Tifton, Georgia and founded in 1917, Cooksey operates three locations, servicing a diverse range of customers including trailer manufacturers, metal building fabricators, agricu...
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 ended December 31, 2023, on Thursday, February 15, 2024, at 6:50 a.m. Eastern Time. Reliance management will host a conference call that same day at 11:00 a.m. Eastern Time. The call will be broadcast live over the Internet hosted on the Investors section of the Company's website at . R...
Russell 2000 Testing 1.5+ Year Resistance The market remains in "lockout rally" mode, where prices continue to move higher with little-to-no pullbacks, while ignoring overbought readings. This is something we have discussed on a weekly basis since our 11/21/23 Compass. There is no reason to fight this bullish trend, and we continue to expect more upside into year-end and the early part of 2024. Russell 2000, Several High-Octane ETFs (ARKK, IPO, XBI) Testing Major 1.5+ Year Resistances. The Rus...
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 Steve Koch, Chief Operating Officer, will participate in the Goldman Sachs Global Metals & Mining Conference on Thursday, November 16, 2023 at the Goldman Sachs Conference Center in New York City. Reliance is scheduled to present at 2:35 p.m. ET and will participate in meetings with inve...
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 million of common stock– Replenished existing share repurchase program to $1.5 billion SCOTTSDALE, Ariz., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE: RS) today reported its financial results for the third quarter ended September 30, 2023. (in millions, except tons which are in thousands a...
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, 2023, on Thursday, October 26, 2023, at 6:50 a.m. Eastern Time. Reliance management will host a conference call that same day at 11:00 a.m. Eastern Time. The call will be broadcast live over the Internet hosted on the Investors section of the Company's website at . Reliance Steel & Aluminum Co.’s ...
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