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, Inc. (NYSE: RS) has announced an agreement to acquire certain assets of FerrouSouth, a division of Ferragon FerrouSouth, based in Iuka, Mississippi, offers high-quality flat-rolled steel processing and logistics services in the growing Southeastern market. The acquired operations will become part of Reliance's subsidiary, Feralloy FerrouSouth's annual net sales for 2023 were approximately $15 million. The transaction, with undisclosed terms, is expected to close within 30 days, subject to customary conditions.
Karla Lewis, President and CEO of Reliance, stated that this acquisition will expand Feralloy's toll processing capabilities and capacity in the Southeastern United States. The integration is expected to drive growth for FerrouSouth's operations, leveraging Reliance's scale, customer relationships, and industry expertise.
Reliance, Inc. (NYSE: RS) has announced it will release its second quarter 2024 financial results on Thursday, July 25, 2024. The results will cover the period ending June 30, 2024, and will be made public at 6:50 a.m. Eastern Time.
Following the release, Reliance's management will host a live conference call at 11:00 a.m. Eastern Time to discuss the results. The call can be accessed via web broadcast on the Investors section of the company's website.
For those unable to join live, a replay will be available from 2:00 p.m. Eastern Time on the same day until August 8, 2024. The webcast will remain on the company's website for 90 days.
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.
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