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.
Reliance, Inc. (NYSE: RS) is a global diversified metal solutions provider and the largest metals service center company in North America. Founded in 1939, the company operates in the iron and steel mills and ferroalloy manufacturing industry and regularly issues detailed updates on its operating performance, demand trends, and capital allocation decisions. The RS news stream on Stock Titan aggregates these disclosures so readers can follow how the business evolves over time.
News about Reliance, Inc. frequently includes quarterly and year-to-date financial results, where the company reports metrics such as net sales, tons sold, gross profit margins, and earnings per share. Management commentary in these releases often discusses market share dynamics, performance relative to industry shipment trends, and demand conditions across end markets like non-residential construction, broader manufacturing, aerospace, automotive toll processing, and the semiconductor market.
Investors can also expect regular announcements about upcoming earnings release dates and associated conference calls, as well as participation in industrial and materials conferences hosted by financial institutions. These items provide insight into how Reliance communicates with the investment community and frame the timing of key information releases.
Additional RS news items cover capital structure and corporate developments, such as the company’s entry into a $400 million unsecured term loan facility used to refinance maturing senior unsecured notes, and updates on dividends and share repurchase activity as described in earnings releases. Governance-related news, including changes to the Board of Directors and the adoption of policies like the Executive Severance Policy, also appear in the company’s public communications.
By following the Reliance, Inc. news page, readers can review a chronological record of the company’s financial performance, end-market commentary, financing actions, and governance updates, all drawn from its press releases and related SEC-reported materials.
Reliance Steel & Aluminum Co. (NYSE: RS) has announced the pricing of a public offering of $400 million in 1.300% Senior Notes due 2025, and $500 million in 2.150% Senior Notes due 2030. The proceeds will be used to repay existing debt under its unsecured revolving credit facility and term loan, and for general corporate purposes. The offering is expected to close on August 3, 2020, subject to customary conditions. J.P. Morgan, BofA Securities, and Wells Fargo are the joint book-running managers for the offering.
Reliance Steel & Aluminum Co. (NYSE: RS) reported Q2 2020 financial results, showing a strong gross profit margin of 30.4% on net sales of $2.02 billion. The company generated cash flow from operations of $475.7 million and declared a quarterly dividend of $0.625 per share. While net sales fell 21.5% year-over-year, diluted EPS increased 34.8% to $1.24. The company is cautiously optimistic about demand recovery in the second half of 2020, particularly in non-residential construction, despite ongoing challenges due to COVID-19.
Reliance Steel & Aluminum Co. (NYSE: RS) will report its second quarter 2020 financial results on July 23, 2020, at 6:50 a.m. Eastern Time. A conference call will follow at 11:00 a.m. Eastern Time, accessible via the Company's website. Participants can dial (877) 407-0792 for U.S. and Canadian callers or (201) 689-8263 internationally. A replay will be available from 2:00 p.m. Eastern Time that same day until August 6, 2020. Reliance Steel, founded in 1939, is a leading diversified metal solutions provider and the largest metals service center company in North America.
Reliance Steel & Aluminum Co. (NYSE: RS) will participate in the Bank of America Securities 2020 Global Metals, Mining and Steel Conference on May 13, 2020. CEO James Hoffman and CFO Karla Lewis are scheduled to present virtually at 12:00 p.m. ET and engage in investor meetings throughout the day. The presentation will be accessible via live webcast on the company’s investor website, and a replay will be available for 90 days post-event.
Reliance Steel is a leading diversified metal solutions provider with over 100,000 products and a strong focus on value-added services.