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Reliance Inc (NYSE: RS), North America's premier metals service center, delivers essential updates through this dedicated news hub. Track official announcements, operational developments, and strategic initiatives from the leader in value-added metal processing and distribution.
Investors and industry professionals access curated updates including earnings reports, facility expansions, sustainability efforts, and supply chain innovations. Our coverage spans RS's core markets: construction materials, aerospace alloys, automotive-grade metals, and specialized industrial applications.
This resource simplifies monitoring of critical business activities through verified press releases and market analyses. Discover how RS maintains its leadership across 300+ global locations while adapting to evolving industry demands and material science advancements.
Bookmark this page for real-time insights into Reliance's operational milestones, partnership announcements, and technological investments that shape the metals distribution landscape.
Reliance (NYSE: RS) reported strong Q1 2025 financial results with net sales of $3.48 billion and record tons sold up 9.0% year-over-year. The company achieved a gross profit margin of 29.7% and EPS of $3.74 (non-GAAP EPS of $3.77).
Key highlights include record shipments of 1.63 million tons, reflecting solid organic growth and contributions from 2024 acquisitions. The company's performance exceeded expectations due to strong shipment levels and improved gross profit margin. Reliance repurchased $253.2 million of common stock during the quarter and increased its quarterly dividend by 9.1% to $1.20 per share.
Looking ahead to Q2 2025, Reliance expects tons sold to range between -1.0% to +1.0% compared to Q1 2025, with average selling prices projected to increase 1% to 3%. The company forecasts non-GAAP earnings per diluted share of $4.50 to $4.70 for Q2 2025.
Reliance (NYSE:RS) has scheduled its first quarter 2025 financial results announcement for Wednesday, April 23, 2025, after market close. The results will cover the period ended March 31, 2025.
Management will host a conference call on Thursday, April 24, 2025, at 11:00 a.m. Eastern Time. The call will be accessible via phone and webcast through the company's website. For those unable to attend live, a replay will be available from 2:00 p.m. Eastern Time until May 8, 2025, with both dial-in and webcast options. The webcast recording will remain available on Reliance's website for 90 days.
Reliance (NYSE: RS) reported strong financial results for Q4 and full year 2024. The company achieved its third-highest annual cash flow from operations at $1.43 billion and completed a record $1.09 billion in stock buybacks, reducing outstanding shares by 6%.
Annual highlights include net sales of $13.84 billion with tons sold up 4.0% (same-store tons sold up 1.0%), gross profit margin of 29.7%, and EPS of $15.56 (non-GAAP EPS of $15.92). The company completed four acquisitions adding $286.2 million to 2024 net sales.
For Q4 2024, tons sold decreased 5.1% compared to Q3, while average selling price per ton fell 3.4%. The company increased its quarterly dividend by 9.1% to $1.20 per share. Looking ahead, Reliance expects Q1 2025 tons sold to increase 6.0% to 8.0% compared to Q4 2024, with non-GAAP earnings projected at $3.30 to $3.50 per diluted share.
Reliance (NYSE: RS) has announced its management team's participation in two major upcoming investor conferences. Karla Lewis, President and CEO, will present at the BMO 2025 Global Metals, Mining & Critical Minerals Conference on February 26, 2025, at 8:00 a.m. ET in Hollywood, Florida.
Additionally, Lewis and Stephen Koch, Executive Vice President and COO, will present at the J.P. Morgan 2025 Industrials Conference on March 12, 2025, at 1:40 p.m. ET in New York. Both presentations will be available via live webcast on the Investors section of Reliance's website at investor.reliance.com, with replays accessible for 90 days following the events.
Reliance (NYSE:RS) has scheduled its fourth quarter and full year 2024 financial results announcement for Wednesday, February 19, 2025, after market close. The company will host a conference call to discuss the results on Thursday, February 20, 2025, at 11:00 a.m. Eastern Time.
The call will be accessible via phone with dedicated U.S./Canada and International dial-in numbers, using conference ID 13751162. A live webcast will be available on the Investors section of reliance.com. For those unable to attend live, a replay will be available until March 6, 2025, and the webcast recording will remain on the company's website for 90 days.
Reliance (NYSE: RS) announced its participation in the Baird 2024 Global Industrial Conference on November 13, 2024, in Chicago. Key executives including CEO Karla Lewis, CFO Arthur Ajemyan, and COO Stephen Koch will represent the company. The presentation is scheduled for 4:40 p.m. CT and will be available via live webcast on the company's investor relations website, with a replay accessible for 90 days afterward.
Reliance (NYSE: RS) reported Q3 2024 financial results with net sales of $3.42 billion, down 5.6% year-over-year, while tons sold increased 7.1%. The company achieved a gross profit margin of 29.4% and EPS of $3.61 ($3.64 non-GAAP). Cash flow from operations was $463.9 million. Reliance completed strategic initiatives including $432.0 million in share repurchases, reducing outstanding shares by 3%, amended its $1.5 billion credit agreement, and acquired FerrouSouth toll processing assets. The company expects Q4 2024 tons sold to decrease 6-8% sequentially due to seasonal trends and market uncertainty, with non-GAAP EPS guidance of $2.65-$2.85.
Reliance, Inc. (NYSE:RS) has announced it will report its third quarter 2024 financial results on Thursday, October 24, 2024, at 6:50 a.m. Eastern Time. The company will host a conference call on the same day at 11:00 a.m. Eastern Time. The call will be broadcast live over the Internet on the Investors section of Reliance's website at reliance.com.
Conference call details include:
- Date: Thursday, October 24, 2024
- Time: 8:00 a.m. Pacific Time / 10:00 a.m. Central Time / 11:00 a.m. Eastern Time
- Dial-in: (877) 407-0792 (U.S. and Canada) / (201) 689-8263 (International)
- Conference ID: 13749249
A replay of the call will be available from 2:00 p.m. Eastern Time on October 24 until 11:59 p.m. Eastern Time on November 7, 2024. The webcast will remain on Reliance's website for 90 days.
Reliance (NYSE: RS) has appointed James K. Kamsickas as an independent director, effective October 1, 2024. Kamsickas, 57, brings strategic leadership and industrial operating expertise to the board. His term will expire at the 2025 Annual Meeting of Stockholders. With this addition, Reliance's Board now comprises nine members, eight of whom are independent.
In a planned succession move, Douglas W. Stotlar will become the new independent, non-executive Chairman of the Board effective January 1, 2025, replacing Mark Kaminski. Kaminski, who has served as Chairman since July 2016, will continue as a board member.
Kamsickas is currently the chairman and CEO of Dana Incorporated (NYSE: DAN), a global leader in propulsion and energy-management solutions. He previously held leadership positions at International Automotive Components and Lear
Reliance (NYSE: RS) has secured an amended and restated $1.5 billion five-year unsecured revolving credit facility, effective September 10, 2024. The company plans to use the funds for general corporate purposes, growth, and stockholder return activities. CEO Karla Lewis highlighted that Reliance's improved financial condition and upgraded credit ratings since 2020 have led to more favorable pricing and fewer restrictive covenants. The new facility is expected to strengthen Reliance's liquidity position and enhance its capacity to pursue capital allocation priorities. Bank of America N.A. serves as the Administrative Agent, with JPMorgan Chase and Wells Fargo as Co-Syndication Agents, and PNC Bank and Toronto-Dominion Bank as Co-Documentation Agents.
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