Wolfe Research downgraded Reliance, Inc. from Peer Perform to Underperform and set a new price target of $262.00
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/8/2025 | Underperform → Peer Perform | Wolfe Research | |
| 12/2/2024 | $341.00 | Neutral | Goldman |
| 7/26/2024 | $262.00 | Peer Perform → Underperform | Wolfe Research |
| 4/11/2024 | $380.00 | Buy → Neutral | Citigroup |
| 4/28/2023 | Outperform → Peer Perform | Wolfe Research | |
| 1/4/2023 | $231.00 | Neutral | BofA Securities |
| 10/6/2022 | $218.00 → $201.00 | Buy → Neutral | Goldman |
| 8/15/2022 | $230.00 | Outperform | BMO Capital Markets |
- Third highest annual cash flow from operations of $1.43 billion - Repurchased record $1.09 billion of common stock in 2024; outstanding shares down 6% - Annual net sales of $13.84 billion with tons sold up 4.0% (same-store tons sold up 1.0%) - Strong annual gross profit margin of 29.7% - Annual EPS of $15.56; non-GAAP EPS of $15.92 - Completed four acquisitions in 2024 - Increased quarterly dividend 9.1% to $1.20 per share (annual: $4.80) - Stronger than anticipated fourth quarter operating results excluding non-recurring and year-end LIFO adjustments SCOTTSDALE, Ariz., Feb. 19, 2025 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) today reported its financial results for the fourth
SCOTTSDALE, Ariz., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) announced today that its management team will participate in the following upcoming investor conferences: The BMO 2025 Global Metals, Mining & Critical Minerals Conference on Wednesday, February 26, 2025 in Hollywood, Florida. Karla Lewis, President and Chief Executive Officer, is scheduled to present on Wednesday, February 26th, at 8:00 a.m. ET.The J.P. Morgan 2025 Industrials Conference on Wednesday, March 12, 2025 in New York, New York. Karla Lewis, President and Chief Executive Officer, and Stephen Koch, Executive Vice President and Chief Operating Officer, are scheduled to present on Wednesday, March 12th,
SCOTTSDALE, Ariz., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) announced today that it will report fourth quarter and full year 2024 financial results for the period ended December 31, 2024, on Wednesday, February 19, 2025, after the market closes. Reliance management will host a conference call on Thursday, February 20, 2025, at 11:00 a.m. Eastern Time. The call will be broadcast live over the Internet hosted on the Investors section of the Company's website at reliance.com. Reliance, Inc. Fourth Quarter and Full Year 2024 Conference Call Details DATE:Thursday, February 20, 2025 TIME:8:00 a.m. Pacific Time10:00 a.m. Central Time11:00 a.m. Eastern Time DIAL-IN:(877) 407-07
For Immediate Release: September 24, 2024 Today, the U.S. Food and Drug Administration is providing an at-a-glance summary of news from around the agency: Today, the FDA held a ribbon-cutting ceremony to highlight the completion of the 64,000 square foot expansion and renovation of the National Forensic Chemistry Center (NFCC) located in Cincinnati, Ohio. The goal of this revitalization effort was to impro
4 - RELIANCE, INC. (0000861884) (Issuer)
4 - RELIANCE, INC. (0000861884) (Issuer)
4 - RELIANCE, INC. (0000861884) (Issuer)
SC 13G - RELIANCE, INC. (0000861884) (Subject)
SC 13G/A - RELIANCE, INC. (0000861884) (Subject)
SC 13G/A - RELIANCE STEEL & ALUMINUM CO (0000861884) (Subject)
Wolfe Research upgraded Reliance, Inc. from Underperform to Peer Perform
Goldman initiated coverage of Reliance, Inc. with a rating of Neutral and set a new price target of $341.00
Wolfe Research downgraded Reliance, Inc. from Peer Perform to Underperform and set a new price target of $262.00
- Third highest annual cash flow from operations of $1.43 billion - Repurchased record $1.09 billion of common stock in 2024; outstanding shares down 6% - Annual net sales of $13.84 billion with tons sold up 4.0% (same-store tons sold up 1.0%) - Strong annual gross profit margin of 29.7% - Annual EPS of $15.56; non-GAAP EPS of $15.92 - Completed four acquisitions in 2024 - Increased quarterly dividend 9.1% to $1.20 per share (annual: $4.80) - Stronger than anticipated fourth quarter operating results excluding non-recurring and year-end LIFO adjustments SCOTTSDALE, Ariz., Feb. 19, 2025 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) today reported its financial results for the fourth
SCOTTSDALE, Ariz., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) announced today that it will report fourth quarter and full year 2024 financial results for the period ended December 31, 2024, on Wednesday, February 19, 2025, after the market closes. Reliance management will host a conference call on Thursday, February 20, 2025, at 11:00 a.m. Eastern Time. The call will be broadcast live over the Internet hosted on the Investors section of the Company's website at reliance.com. Reliance, Inc. Fourth Quarter and Full Year 2024 Conference Call Details DATE:Thursday, February 20, 2025 TIME:8:00 a.m. Pacific Time10:00 a.m. Central Time11:00 a.m. Eastern Time DIAL-IN:(877) 407-07
— Net sales of $3.42 billion with tons sold up 7.1% from Q3 2023 — Gross profit margin of 29.4% — EPS of $3.61, non-GAAP EPS of $3.64 — Cash flow from operations of $463.9 million — Share repurchases of $432.0 million reduced outstanding shares by 3%; replenished existing share repurchase program to $1.5 billion — Amended and restated $1.5 billion credit agreement for a new five-year term — Completed acquisition of FerrouSouth toll processing assets on August 16, 2024 SCOTTSDALE, Ariz., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) today reported its financial results for the third quarter ended September 30, 2024. (in millions, except tons which a
10-K - RELIANCE, INC. (0000861884) (Filer)
8-K - RELIANCE, INC. (0000861884) (Filer)
8-K - RELIANCE, INC. (0000861884) (Filer)
SCOTTSDALE, Ariz., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) today announced the appointment of James K. Kamsickas, 57, to serve as an independent director. Mr. Kamsickas' term took effect on October 1, 2024 and will expire at the Company's 2025 Annual Meeting of Stockholders. Following the appointment of Mr. Kamsickas, Reliance's Board will be comprised of nine members, eight of whom are independent. "We are very excited to welcome Jim to Reliance's Board of Directors and look forward to his contributions as we continue to execute Reliance's strategy and generate industry-leading results," said Mark Kaminski, Chairman of Reliance's Board of Directors. "Jim's strategic le
LOS ANGELES, Oct. 06, 2021 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) today announced the appointment of Frank J. Dellaquila, 64, to serve as an independent director. Mr. Dellaquila's term took effect on October 5, 2021 and will expire at the 2022 Annual Meeting of Stockholders. Mr. Dellaquila will serve on Reliance's Audit Committee and the Board has designated him as an audit committee financial expert. Following the appointment of Mr. Dellaquila, Reliance's Board will be comprised of 12 members, 10 of whom are independent. "We are very excited to welcome Frank to Reliance's Board of Directors and look forward to his contributions as we continue to execute Reliance's
− Karla Lewis appointed to Board of Directors and promoted to President− Arthur Ajemyan promoted to Vice President, Chief Financial Officer− David Hannah retiring from Board of Directors at 2021 Annual Meeting of Stockholders LOS ANGELES, Jan. 18, 2021 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE: RS) announced today that Karla R. Lewis has been promoted to President and appointed to the Company’s Board of Directors consistent with the Board’s executive leadership succession plan. Mark Kaminski, Chairman of the Board of Reliance, commented, “The promotion of Karla Lewis to President as well as her appointment to the Board marks another important step in the Reliance Board