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Reliance, Inc. - $RS STOCK NEWS

Welcome to our dedicated page for Reliance news (Ticker: $RS), a resource for investors and traders seeking the latest updates and insights on Reliance stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Reliance's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Reliance's position in the market.

News
Reliance, Inc. Announces Upcoming Conference Participation
Rhea-AI Summary

Reliance, Inc. (NYSE: RS) announced its participation in several investor conferences, including The BofA Securities 2024 Global Metals, Mining & Steel Conference, KeyBanc 2024 Industrials & Basic Materials Conference, and Wolfe Research 2nd Annual Small and Mid-Cap Conference. The management team, including President and CEO Karla Lewis, will present and meet with investors, with webcasts available on the Company's website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.1%
Tags
conferences
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News
Reliance, Inc. Reports First Quarter 2024 Financial Results
Rhea-AI Summary
Reliance, Inc. reported strong first quarter 2024 financial results with net sales of $3.64 billion, gross profit margin of 31.0%, EPS of $5.23, and completed acquisitions of three companies. The company saw an 11.1% increase in net income and an 11.3% increase in diluted EPS compared to the previous quarter. Despite challenges in pricing, the company maintained profitability and strong cash flow. Reliance completed acquisitions to expand its product offerings and processing capabilities, returning $65.3 million to stockholders in dividends. The company anticipates continued growth opportunities and remains optimistic for the future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.83%
Tags
earnings
-
News
Reliance, Inc. to Announce First Quarter 2024 Results on Thursday, April 25ᵗʰ
Rhea-AI Summary
Reliance, Inc. (RS) will release its first quarter 2024 financial results on April 25, 2024, with a conference call hosted by management. The call will be broadcast live on the company's website. Details for the call, including date, time, and webcast link, are provided. A replay will be available for those unable to participate live.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.38%
Tags
earnings
News
Reliance, Inc. Completes Acquisition of American Alloy Steel, Inc.
Rhea-AI Summary
Reliance, Inc. (RS) completed the acquisition of American Alloy Steel, Inc., a leading distributor of specialty carbon and alloy steel plate and round bar. The deal enhances Reliance's value-added processing capabilities and expands its product portfolio. American Alloy's annual net sales were around $310 million for the twelve months ended December 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.63%
Tags
acquisition
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News
Reliance, Inc. Acquires Mid-West Materials, Inc.
Rhea-AI Summary
Reliance, Inc. (RS) acquires Mid-West Materials, Inc., a steel service center, for approximately $87 million. The acquisition expands Reliance's flat-rolled presence in Ohio, serving North American OEMs, and aligns with their strategy of acquiring well-run, accretive companies. MidWest Materials' emphasis on customer service and quality products complements Reliance's model, leading to potential growth opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.02%
Tags
acquisition
-
News
Reliance, Inc. Announces Participation at the BMO Global Metals, Mining & Critical Minerals Conference
Rhea-AI Summary
Reliance, Inc. (RS) executives to participate in BMO Global Metals, Mining & Critical Minerals Conference. The presentation will be webcast live on February 28, 2024, at 8:30 a.m. ET.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.71%
Tags
none
News
Reliance, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results and Unveils Corporate Rebranding
Rhea-AI Summary
Reliance, Inc. reported strong financial results for Q4 2023 and full year 2023, with the second-highest annual EPS of $22.64 and a 10% increase in quarterly dividend. The company repurchased $479.5 million of common stock and completed the acquisition of Cooksey Iron & Metal Company. Additionally, Reliance announced the pending acquisition of American Alloy Steel, Inc. and rebranded to Reliance, Inc. to reflect its diversified growth over 85 years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.79%
Tags
earnings
-
News
Reliance Steel & Aluminum Co. Agrees to Acquire American Alloy Steel, Inc.
Rhea-AI Summary
Reliance Steel & Aluminum Co. (RS) has agreed to acquire American Alloy Steel, Inc., a prominent distributor of specialty carbon and alloy steel products. American Alloy, with annual sales of $310 million, brings enhanced value-added processing capabilities to Reliance, expanding its product portfolio and fabrication capabilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.93%
Tags
acquisition
-
News
Reliance Steel & Aluminum Co. Acquires Cooksey Iron & Metal Co., Inc.
Rhea-AI Summary
Reliance Steel & Aluminum Co. (RS) has acquired Cooksey Iron & Metal Co., Inc., a metals service center in Georgia, Florida, Alabama, and South Carolina. Cooksey, founded in 1917, operates three locations and services various industries. The acquisition aims to strengthen Reliance's position in the Southeastern market and promote further growth in Cooksey's value-added processing capabilities. Cooksey's annual net sales for 2023 were approximately $90 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.19%
Tags
acquisition
News
Reliance Steel & Aluminum Co. to Announce Fourth Quarter and Full Year 2023 Results on Thursday, February 15th
Rhea-AI Summary
Reliance Steel & Aluminum Co. (RS) will report Q4 and full year 2023 financial results on February 15, 2024, followed by a conference call. The call will be broadcast live on the company's website. A replay will be available for 90 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.46%
Tags
earnings
Stock RS logo
Reliance, Inc.

NYSE:RS

RS Rankings

#582 Ranked by Market Cap
#814 Ranked by Stock Gains
#1603 Ranked by Dividends

RS Stock Data

16.96B
56.85M
0.58%
81.26%
1.21%
Iron and Steel Mills and Ferroalloy Manufacturing
Manufacturing
Link
United States of America
SCOTTSDALE

About RS

reliance steel & aluminum co. (nyse:rs) headquartered in los angeles, california, is the largest metals service center company in north america. through a network of more than 300 locations in 39 states and 12 countries outside of the united states, the company provides value-added metals processing services and distributes a full line of over 100,000 metal products. these products include galvanized, hot-rolled and cold-finished steel, stainless steel, aluminum, brass, copper, titanium and alloy steel sold to more than 125,000 customers in a broad range of industries. some of these metals service centers provide processing services for specialty metals only. in the mid-1970's, the company began to establish specialty metals centers stocked with inventories of selected metals and equipped with automated materials handling and precision cutting equipment. beginning in the early 1990's, owners of successful service center companies started to sell these companies as they were reaching re