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. reports recurring developments for a diversified metals service center business that distributes a broad line of metal products and provides value-added metals processing services. The company serves customers across manufacturing, non-residential construction, transportation, aerospace, energy, electronics, semiconductor fabrication, industrial machinery and other heavy-industry markets.
Company news commonly covers quarterly and annual results, tons sold, average selling price per ton, gross profit and FIFO margin measures, LIFO expense, market-share commentary, share repurchases and dividend actions. Updates also include investor conference participation and contract activity involving operating subsidiaries such as AMI Metals in aerospace, defense and government infrastructure markets.
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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