Reliance Steel & Aluminum Co. (RS)
| Market Cap | 16.97B |
| Revenue (ttm) | 14.49B |
| Net Income (ttm) | 1.26B |
| Shares Out | 57.43M |
| EPS (ttm) | 21.43 |
| PE Ratio | 13.79 |
| Forward PE | 14.88 |
| Dividend | $4.40 (1.49%) |
| Ex-Dividend Date | May 23, 2024 |
| Volume | 234,045 |
| Open | 292.66 |
| Previous Close | 292.81 |
| Day's Range | 292.09 - 298.91 |
| 52-Week Range | 229.12 - 342.20 |
| Beta | 0.88 |
| Analysts | Buy |
| Price Target | 362.33 (+22.61%) |
| 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]
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 StatementsAnalyst Forecast
According to 4 analysts, the average rating for RS stock is "Buy." The 12-month stock price forecast is $362.33, which is an increase of 22.61% from the latest price.
News
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:
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...
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...
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 ...
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...
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 ...
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...
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...
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...
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...
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...
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...
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,...
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...
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...
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...
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...
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...
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...
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...
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.
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 ...
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...
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 - ...
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...