Reliance Steel & Aluminum

Reliance Steel & Aluminum Co. engages in the provision of metals processing services and distribution of metal products. It offers alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and specialty steel products. The company was founded by Thomas J. Neilan on February 3, 1939, and is headquartered in Scottsdale, AZ.

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Earnings data Q4 2024

Reliance Steel & Aluminum reports record 2022 performance and growth outlook

Reliance Steel & Aluminum delivered a strong financial performance in 2022, with record sales and earnings. Despite challenges in sales volume and pricing, the company remains focused on growth initiatives and enhancing shareholder value.
The company's strengths in efficient capital allocation, value-added processing capabilities, and proactive shareholder returns position it well for future growth. While facing challenges in market dynamics and operational efficiency, Reliance is poised to leverage opportunities in growth areas and strategic partnerships.
By maintaining a balanced approach to capital allocation, focusing on operational excellence, and adapting to market changes, Reliance Steel & Aluminum aims to sustain its performance and capitalize on emerging opportunities. The company's commitment to innovation, collaboration, and shareholder value creation underpins its strategic direction.

Reliance Steel & Aluminum posts strong Q1 results, eyes acquisitions

Reliance Steel & Aluminum's Q1 performance reflects growth in sales and income, supported by a strategic capital allocation plan. Despite challenges in pricing and expenses, the company remains optimistic about future opportunities, including acquisitions and LIFO income expectations.

Reliance Steel & Aluminum reports stable Q2 performance and growth outlook

Reliance Steel & Aluminum navigated a slightly lower sales quarter with strong profitability and cash flow, returning value to shareholders. The company's strategic focus on acquisitions, capital expenditures, and addressing operational challenges positions it well to capitalize on growth opportunities in the market.

Reliance Steel & Aluminum shows resilience in Q3 earnings call

Reliance Steel & Aluminum delivered solid financial results and demonstrated resilience in Q3 2023.
Despite challenges in net sales and pricing, the company remains focused on growth and value creation.
With a strong capital expenditure budget and a robust acquisition pipeline, Reliance is poised for future growth.

Reliance reports record earnings, poised for growth amid market optimism

Reliance Steel & Aluminum (RS), now Reliance, Inc., delivered a strong performance in Q4 2023, with record earnings and strategic investments for future growth.
The company's financial stability, focus on value-added capabilities, and optimistic outlook for Q1 2024 position it well in a competitive market landscape.
While challenges exist in market dynamics and integration of acquisitions, Reliance's strengths and opportunities signal a promising trajectory for continued success.

Reliance Steel & Aluminum reports robust Q1 performance and optimistic outlook

Reliance Steel & Aluminum's Q1 2024 earnings call highlighted strong performance, solid financial results, and strategic initiatives driving growth. Despite challenges such as margin pressures and pricing fluctuations, the company remains optimistic about future opportunities and expects improved demand in Q2 2024.

Reliance Steel & Aluminum reports solid Q2 performance amidst pricing challenges

Reliance Steel & Aluminum navigated market challenges with a focus on acquisitions and shareholder value.
Despite pricing pressures, the company maintained financial stability and reported strong earnings per share.
Proactive engagement in industry events and strategic initiatives position the company for growth and resilience.

Reliance Steel & Aluminum maintains profitability amidst market challenges in Q3

Reliance Steel & Aluminum demonstrated resilience and strategic focus in Q3 2024, maintaining profitability amid market challenges.
Strong financial performance, strategic investments, and governance enhancements position the company for sustainable growth.
While facing pricing pressures and market uncertainties, Reliance remains confident in its ability to navigate challenges and drive value.

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Reliance, Inc. engages in the provision of a metal distribution center. It offers alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products. The company was founded by Thomas J. Neilan on February 3, 1939, and is headquartered in Scottsdale, AZ.

Reliance Steel (RS) benefits from robust underlying demand in its key markets amid pricing pressure.

Why You Should Hold Reliance Steel (RS) Stock in Your Portfolio

Reliance Steel (RS) is expected to continue to gain from strong demand in key markets and its growth actions in the near term.

Reliance Steel (RS) Up 37% YTD: Will the Momentum Continue?

Demand in the semiconductor market of Reliance Steel (RS) falls in Q2 due to market softness in certain regions.

Reliance Steel (RS) Q2 Earnings and Sales Miss Estimates

Reliance Steel & Aluminum Co (NYSE:RS ) Q2 2023 Earnings Conference Call July 27, 2023 11:00 AM ET Company Participants Kimberly Orlando - ADDO Investor Relations Karla Lewis - President, CEO & Director Stephen Koch - EVP & COO Arthur Ajemyan - CFO & SVP Conference Call Participants Katja Jancic - BMO Capital Markets Philip Gibbs - KeyBanc Capital Markets Martin Englert - Seaport Research Partners Alexander Hacking - Citigroup Operator Greetings, and welcome to Reliance Steel & Aluminum Company's Second Quarter 2023 Earnings Call. [Operator Instructions].

Reliance Steel & Aluminum Co (RS) Q2 2023 Earnings Call Transcript

Reliance Steel (RS) came out with quarterly earnings of $6.49 per share, missing the Zacks Consensus Estimate of $6.52 per share. This compares to earnings of $9.15 per share a year ago.

Reliance Steel (RS) Q2 Earnings and Revenues Lag Estimates

• 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 common stock • Completed acquisition of Southern Steel Supply, LLC on May 1, 2023

Reliance Steel & Aluminum Co. Reports Second Quarter 2023 Financial Results

Reliance Steel (RS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Reliance Steel (RS) Q2 Earnings Expected to Decline

Reliance Steel (RS) is benefiting from positive market conditions and an aggressive acquisition strategy.

Why Should You Add Reliance Steel (RS) Stock to Your Portfolio

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, 2023, on Thursday, July 27, 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 www.rsac.com.

Reliance Steel & Aluminum Co. to Announce Second Quarter 2023 Results on Thursday, July 27th

Reliance Steel (RS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes Reliance Steel (RS) a New Buy Stock

Reliance Steel (RS) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Reliance Steel & Aluminum Co. (RS) Hits Fresh High: Is There Still Room to Run?

Reliance Steel (RS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Reliance Steel (RS) Beat Estimates Again in Its Next Earnings Report?

Reliance Steel (RS) Hits 52-Week High: What's Aiding It?

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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 participate in the 2023 Wells Fargo Industrials Conference on Wednesday, June 14th at the InterContinental Chicago Magnificent Mile. Reliance is scheduled to present at 11:45 a.m. CT and will participate in meetings with investors throughout the day.

Reliance Steel & Aluminum Co. Announces Participation at the 2023 Wells Fargo Industrials Conference

Reliance Steel & Aluminum Co. is well-positioned to benefit from trends of deglobalization, reshoring, and a positive outlook for the US steel industry. The company has shown strong performance, beating estimates and providing value to shareholders through dividends and buybacks. Risks include a potential slowdown in US manufacturing and infrastructure spending, and the company's lack of a distinct competitive advantage in pricing.

Reliance Steel & Aluminum: A Solid Option In The Steel Market

Reliance Steel & Aluminum Co. has shown impressive growth with a strong financial track record, favorable profitability profile, and a healthy balance sheet, making it an attractive investment option. The company's growth prospects include benefiting from global industrialization, expanding product offerings, and increasing demand for metals in developing nations and advanced industries. Despite risks such as the cyclical nature of the metals sector and potential supply chain disruptions, Reliance Steel remains a reliable dividend payer and a good option for long-term investors.

Reliance Steel & Aluminum: An Attractive Dividend Score Card, Buy

Reliance Steel (RS) Up 18% YTD: Will the Momentum Continue?

Reliance Steel (RS) gains on healthy demand in non-residential construction, semiconductor and automotive markets and strategic acquisitions.

Reliance Steel (RS) Up 16% in 6 Months: What's Driving It?

Reliance Steel (RS) benefits from strong demand in most of its end markets and its organic growth investments in Q1.

Reliance Steel (RS) Earnings and Revenues Top Estimates in Q1

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 Steel”), a metals service center that offers merchant and structural steel, pipe and tube, steel plate, ornamental products and laser cut and fabricated parts. Founded in 1961 and located in Memphis, Tennessee, Southern Steel supplies customers throughout Tennessee, Mississippi, Arkansas, Alabama, and Missouri. Southern Steel will operate as a subsidiary of Siskin Steel & Supply Company, Inc. (“Siskin”), a wholly owned subsidiary of Reliance. Siskin also acquired the related real estate assets of Southern Steel. The current management team will remain in place. For the twelve months ended December 31, 2022, annual net sales for Southern Steel were $62.9 million. The terms of the transaction were not disclosed.

Reliance Steel & Aluminum Co. Acquires Southern Steel Supply, LLC

Reliance Steel (RS) came out with quarterly earnings of $6.37 per share, beating the Zacks Consensus Estimate of $5.70 per share. This compares to earnings of $8.42 per share a year ago.

Reliance Steel (RS) Beats Q1 Earnings and Revenue Estimates

- 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 operations of $384.6 million - Repurchased $38.9 million of common stock

Reliance Steel & Aluminum Co. Reports First Quarter 2023 Financial Results

Reliance Steel (RS) is expected to have seen strong demand in key end markets in Q1. However, weaker selling prices are likely to have been a drag on its performance.

Reliance Steel (RS) to Report Q1 Earnings: What's in Store?

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 really works" that the four pillar basic materials of civilization are Cement, Steel, Plastics, and Ammonia.

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