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) will participate in the Goldman Sachs Global Metals & Mining Conference on November 17, 2022. CEO James Hoffman, President Karla Lewis, and CFO Arthur Ajemyan are scheduled to present at 9:45 a.m. ET, with additional investor meetings throughout the day. The presentation will be webcast live on the Company's website, and a replay will be accessible for 90 days following the event. Reliance is a leading global metal solutions provider, servicing over 125,000 customers through 315 locations worldwide.
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.