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 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.
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.