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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.

Rhea-AI Summary
Reliance Steel & Aluminum Co. (NYSE: RS) announced its participation in the Goldman Sachs Global Metals & Mining Conference on November 16, 2023. CEO Karla Lewis, CFO Arthur Ajemyan, and COO Steve Koch will present at 2:35 p.m. ET, with additional investor meetings scheduled throughout the day. The presentation will be webcast live on the company’s website, with a 90-day replay available.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.2%
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Rhea-AI Summary
Reliance Steel & Aluminum Co. reported its financial results for Q3 2023. Net sales were $3.62 billion, with tons sold up 1.1% from Q3 2022. Gross profit margin was 29.7%. EPS was $4.99, non-GAAP EPS was $5.00. Cash flow from operations was $466.0 million. $126.4 million of common stock was repurchased, and the existing share repurchase program was replenished to $1.5 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.02%
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Rhea-AI Summary
Reliance Steel & Aluminum Co. to report Q3 2023 financial results on October 26, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.98%
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Rhea-AI Summary
Reliance Steel & Aluminum Co. (NYSE: RS) reported Q2 2023 financial results, including net sales of $3.88 billion, a 1.9% increase in tons sold, a strong gross profit margin of 31.5%, EPS of $6.49, cash flow from operations of $295.1 million, and the completion of the acquisition of Southern Steel Supply, LLC on May 1, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.39%
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Rhea-AI Summary
Reliance Steel & Aluminum Co. (NYSE:RS) will report its second quarter 2023 financial results on July 27, 2023, at 6:50 a.m. Eastern Time. A conference call will be hosted at 11:00 a.m. Eastern Time, accessible via webcast on the Investors section of the Company's website. Details for the call and webcast are provided in the press release.
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Rhea-AI Sentiment
End-of-Day
-0.07%
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Rhea-AI Impact
Rhea-AI Sentiment
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1.66%
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Rhea-AI Summary
Reliance Steel & Aluminum Co. has acquired Southern Steel Supply, a metals service center. Southern Steel will operate as a subsidiary of Siskin Steel & Supply Company. The current management team will remain in place. Southern Steel had annual net sales of $62.9 million in 2022.
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-0.66%
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6.73%
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Rhea-AI Sentiment
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-0.58%
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Reliance, Inc.

NYSE:RS

RS Rankings

RS Stock Data

17.13B
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