Reliance Inc Stock Price, News & Analysis

Reliance Steel & Aluminum Co. (NYSE: RS) achieved record financial results for Q1 2021, reporting net sales of $2,838.4 million, a 33% increase sequentially. Gross profit reached $953.7 million with a gross margin of 33.6%. The company reported pretax income of $359.0 million and EPS of $4.12, reflecting increases of 116.1% and 105.0%, respectively. Cash flow from operations stood at $161.8 million, despite a $182.8 million working capital investment. The strong performance is attributed to robust demand and high metals pricing, with expectations for continued strength in Q2.

Reliance Steel & Aluminum Co. (NYSE: RS) will report its first quarter 2021 financial results on April 22, 2021, at 6:50 a.m. ET. A conference call with management will follow at 11:00 a.m. ET, accessible via the company's website. Interested participants can join through dial-in numbers provided or listen to a live webcast. For those unable to attend, a replay will be available from the same day at 2:00 p.m. ET until May 6, 2021. Reliance Steel, founded in 1939, is a leading metal solutions provider, operating approximately 300 locations globally.

Reliance Steel & Aluminum Co. (NYSE: RS) will participate in the J.P. Morgan 2021 Industrials Conference on March 16, 2021. Key executives, including CEO James Hoffman and President Karla Lewis, will present virtually at 5:20 p.m. ET and engage in investor meetings throughout the day. The presentation will be available for live streaming and on-demand viewing for 90 days on their website. Reliance is recognized as a leading global metal solutions provider with over 100,000 products and a network of 300 locations.

Reliance Steel & Aluminum Co. (RS) reported strong financial results for Q4 and FY 2020, achieving a record gross profit margin of 33.0% in Q4 and 31.5% for the year. Annual EPS was $5.66, with a non-GAAP EPS of $7.71. The company generated $1.17 billion in cash flow from operations and repurchased $337.3 million in shares. A quarterly dividend was increased by 10% to $0.6875 per share. For Q1 2021, Reliance expects a 10%-12% increase in tons sold and a 12%-14% rise in average selling prices, with anticipated non-GAAP EPS of $3.40 to $3.50.

Reliance Steel & Aluminum Co. (NYSE:RS) announced it will disclose its fourth quarter and full year 2020 financial results on February 18, 2021, at 6:50 a.m. ET. A conference call hosted by management will follow at 11:00 a.m. ET, available via the company's investor website. For those unable to attend live, a replay will be accessible starting 2:00 p.m. ET the same day until March 4, 2021. Reliance, founded in 1939, operates over 300 locations globally and offers a wide range of over 100,000 metal products and value-added services.

Reliance Steel & Aluminum Co. (NYSE: RS) announced executive leadership changes on January 18, 2021. Karla R. Lewis has been appointed President and joined the Board of Directors, effective January 15, 2021. She previously served as Senior Executive VP and CFO and has been with Reliance since 1992. Arthur Ajemyan was promoted to Vice President and CFO, overseeing financial operations. Meanwhile, David H. Hannah will retire from the Board at the 2021 Annual Meeting, after a notable tenure contributing to Reliance's growth.

Reliance Steel & Aluminum Co. (NYSE: RS) announced participation in two upcoming virtual conferences. The first is the Goldman Sachs Global Metals & Mining Virtual Conference on November 18, 2020, featuring CEO James Hoffman and CFO Karla Lewis presenting and engaging with investors. The second event is the Citi 2020 Basic Materials Virtual Conference on December 2, 2020, where Karla Lewis and SVP Stephen Koch will conduct investor meetings. The Goldman Sachs presentation will be available as a live webcast on their website, with a replay accessible for 90 days.

Reliance Steel & Aluminum Co. (NYSE: RS) reported strong Q3 2020 results, achieving a gross profit margin of 32.4% and diluted EPS of $1.51, up 21.8% sequentially. The company generated $676.1 million in gross profit, a 10.0% increase from Q2 2020. However, net sales totaled $2,085.6 million, reflecting a decline of 21.7% year-over-year. The company declared a quarterly dividend of $0.625 per share and reported cash flow from operations of $296.3 million.

Reliance Steel & Aluminum Co. (NYSE:RS) will announce its third quarter 2020 financial results on October 22, 2020, at 6:50 a.m. ET. A conference call will follow at 11:00 a.m. ET, accessible via the Company's investor website. For those unable to join live, a replay will be available from 2:00 p.m. ET on the same day until November 5, 2020. The company, a leading global diversified metal solutions provider, is headquartered in Los Angeles and operates over 300 locations across North America and beyond.