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. (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.
Reliance Steel & Aluminum Co. (NYSE: RS) will participate in the Morgan Stanley Virtual 8th Annual Laguna Conference on September 17, 2020. The company's CEO, James Hoffman, and CFO, Karla Lewis, are scheduled to present at 4:30 p.m. ET and engage in virtual meetings with investors. The presentation will be available via a live webcast on the company's website, with a replay accessible for 90 days post-event.
Reliance Steel & Aluminum Co. (NYSE: RS) has announced an amended and restated $1.5 billion unsecured revolving credit facility, set to replace the existing credit agreement. This facility includes an option to increase the amount by $1 billion and allows for prepayments, without any current outstanding balance. CEO Jim Hoffman highlighted that the favorable terms enhance liquidity, enabling the company to pursue growth and shareholder returns amidst challenging market conditions. The announcement follows the recent $900 million senior notes offering, further strengthening the company's financial position.
Reliance Steel & Aluminum Co. (NYSE: RS) announced CEO James Hoffman and CFO Karla Lewis will speak at the Jefferies Virtual Industrials Conference on August 5, 2020. The presentation is scheduled for 3:00 p.m. ET and will be accessible via a live webcast on the company’s investor website. A replay will be available for 90 days post-event. Founded in 1939, Reliance is a leading global metals solutions provider with over 300 locations and a diverse product line, focusing on small orders with quick turnaround and value-added processing.
Reliance Steel & Aluminum Co. (NYSE: RS) has announced the pricing of a public offering of $400 million in 1.300% Senior Notes due 2025, and $500 million in 2.150% Senior Notes due 2030. The proceeds will be used to repay existing debt under its unsecured revolving credit facility and term loan, and for general corporate purposes. The offering is expected to close on August 3, 2020, subject to customary conditions. J.P. Morgan, BofA Securities, and Wells Fargo are the joint book-running managers for the offering.
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