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), 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 Steel & Aluminum Co. (NYSE: RS) reported a record third-quarter net sales of $4.25 billion, a 10.4% year-over-year increase. EPS stood at $6.45, with non-GAAP EPS at $6.48. Despite a 29.5% decline in diluted EPS from the previous quarter, the company achieved record cash flow from operations of $635.7 million. Reliance repurchased 1.9 million shares for $336.7 million. The company anticipates a 6.5% to 8.5% decline in tons sold for Q4 2022 due to seasonal factors, while projecting non-GAAP EPS between $4.30 and $4.50.
Reliance Steel & Aluminum Co. (NYSE: RS) announced the scheduled release of its third quarter 2022 financial results for the period ending September 30, 2022, on October 27, 2022, at 6:50 a.m. ET. A conference call will follow at 11:00 a.m. ET, accessible via their investors' website. For those unable to attend, a replay will be available from 2:00 p.m. ET on the same day until November 10, 2022. The company operates over 315 locations globally, emphasizing quick turnaround and value-added processing services.
Reliance Steel & Aluminum Co. (NYSE: RS) announced the resignation of CEO James D. Hoffman, effective December 31, 2022, and appointed Karla R. Lewis as his successor starting January 1, 2023. Hoffman will remain on the Board and assist as Senior Advisor until December 2023. The Board praised Hoffman's leadership during the pandemic, which helped achieve record revenues and profitability. Lewis has been with the company for 30 years and will retain her position as President while leading the organization into its next chapter.
Reliance Steel & Aluminum Co. (NYSE: RS) reported record results for Q2 2022, with net sales reaching $4.68 billion, a 4.4% sequential increase. Gross profit stood at $1.50 billion, leading to a gross profit margin of 31.9%. The company achieved a pretax income of $762.6 million, with an earnings per share (EPS) of $9.15, reflecting a 9.8% increase from Q1. Reliance repurchased approximately 1.1 million shares for $193.9 million and replenished its share repurchase program to $1 billion. Looking ahead, the company anticipates a 3% to 5% decrease in tons sold in Q3 due to seasonal effects.
Reliance Steel & Aluminum Co. (NYSE:RS) will report its second quarter 2022 financial results on July 28, 2022, at 6:50 a.m. Eastern Time. Management will host a conference call at 11:00 a.m. ET that day, available via webcast on the Company's investor website. A replay of the call will be accessible later the same day until August 11, 2022. Founded in 1939, Reliance is a leading global diversified metal solutions provider, operating approximately 315 locations across North America and beyond, servicing over 125,000 customers with quick turnaround and value-added processing services.
Reliance Steel & Aluminum Co. (NYSE: RS) announced the retirement of Senior VP, Operations Michael P. Shanley, effective December 31, 2022. Shanley will become a Special Advisor from July 1, 2022, to aid in the transition. Stephen P. Koch has been promoted to Executive VP and COO, while Michael R. Hynes rises to Senior VP, Operations, both effective July 1, 2022. These changes align with the company's succession planning strategy. The leadership transitions are expected to support Reliance's continued growth in the diversified metal solutions market.
Reliance Steel & Aluminum Co. (NYSE: RS) will present at the Goldman Sachs Industrials and Materials Conference on May 11, 2022. CEO James Hoffman, President Karla Lewis, and CFO Arthur Ajemyan will participate. The presentation is scheduled for 8:00 a.m. ET and will be webcast live on the company's investor website. A replay will be available for 90 days post-event. Reliance Steel, founded in 1939, operates around 315 locations globally and is the largest metals service center company in North America, catering to over 125,000 customers.
Reliance Steel & Aluminum Co. (NYSE: RS) reported record quarterly sales of $4.49 billion for Q1 2022, reflecting a 12.5% increase sequentially and a 58.0% rise year-over-year. The gross profit reached $1.39 billion, with a stable margin of 30.9%. Net income rose 24.2% to $523.3 million, resulting in a diluted EPS of $8.33. Cash flow from operations was at an all-time high of $404 million. The company anticipates steady demand growth, projecting Q2 tons sold to be flat to up 2.0%, with EPS guidance set between $9.00 to $9.10.
Reliance Steel & Aluminum Co. (NYSE:RS) will release its first quarter 2022 financial results on April 28, 2022, at 6:50 a.m. ET. A conference call will follow at 11:00 a.m. ET, accessible through their website. Investors can dial in at (877) 407-0792 or (201) 689-8263 for international calls. Additionally, a replay will be available from 2:00 p.m. ET the same day until May 12, 2022. Reliance, the largest metals service center in North America, continues to focus on quick turnaround and value-added processing services.
Reliance Steel & Aluminum Co. (NYSE: RS) announced that key executives, including CEO James Hoffman, will participate in the J.P. Morgan 2022 Industrials Conference on March 15, 2022. The company is scheduled to present at 1:20 p.m. ET, with additional investor meetings throughout the day. The presentation will be webcast live and available for replay for 90 days on the company's website. Reliance is a leading global diversified metal solutions provider, with over 100,000 metal products and a network of approximately 315 locations, emphasizing quick turnaround and value-added services.
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