Reliance Steel & Aluminum Co. operates as a metals service center company. The company provides alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products and processing services to general manufacturing, non-residential construction, transportation, aerospace and defense, energy, electronics and semiconductor fabrication, and heavy industries. It also offers precision sheet metal fabrication services, including laser cutting, stamping, turret punching, machining, and powder coating and welding; and toll processing and logistics services. The company operated approximately 300 metals service center processing and distribution facilities in 40 states in the United States and 13 in other countries. It sells its products directly to large original equipment manufacturers, and small machine shops, and fabricators. The company operates in the United States, Australia, Belgium, Canada, China, France, India, Malaysia, Mexico, Singapore, South Korea, Turkey, the United Arab Emirates, and the United Kingdom. Reliance Steel & Aluminum Co. was founded in 1939 and is headquartered in Los Angeles, California.
IPO Year: 1994
Exchange: NYSE
Website: rsac.com
| 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 |
| 4/29/2022 | $226.00 | Peer Perform → Outperform | Wolfe Research |
| 4/14/2022 | Neutral → Outperform | Exane BNP Paribas |
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
Citigroup downgraded Reliance, Inc. from Buy to Neutral and set a new price target of $380.00
Wolfe Research downgraded Reliance Steel from Outperform to Peer Perform
BofA Securities resumed coverage of Reliance Steel with a rating of Neutral and set a new price target of $231.00
Goldman downgraded Reliance Steel from Buy to Neutral and set a new price target of $201.00 from $218.00 previously
BMO Capital Markets initiated coverage of Reliance Steel with a rating of Outperform and set a new price target of $230.00
Wolfe Research upgraded Reliance Steel from Peer Perform to Outperform and set a new price target of $226.00
Exane BNP Paribas upgraded Reliance Steel from Neutral to Outperform
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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
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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
-- Net sales of $3.48 billion with record tons sold, up 9.0% year-over-year (same-store tons sold up 5.6%) -- Strong gross profit margin of 29.7% -- EPS of $3.74; non-GAAP EPS of $3.77 -- Repurchased $253.2 million of common stock SCOTTSDALE, Ariz., April 23, 2025 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) today reported its financial results for the first quarter ended March 31, 2025. (in millions, except tons sold which are in thousands, per ton and per share amounts) Sequential Quarter Year-Over-Year Q1 2025* Q4 2024 % Change Q1 2024 % ChangeIncome Statement Data: Net sales$3,484.7 $3,126.6 11.5% $3,644.8 (4.4%)Gross profit1$1,033.3 $886.1 16.6%
SCOTTSDALE, Ariz., April 09, 2025 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) announced today that it will report first quarter 2025 financial results for the period ended March 31, 2025, on Wednesday, April 23, 2025, after the market closes. Reliance management will host a conference call on Thursday, April 24, 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. First Quarter 2025 Conference Call Details DATE:Thursday, April 24, 2025 TIME:8:00 a.m. Pacific Time10:00 a.m. Central Time11:00 a.m. Eastern Time DIAL-IN:(877) 407-0792 (U.S. and Canada)(201) 689-8263 (Inte
- 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
SCOTTSDALE, Ariz., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) announced today that Karla Lewis, President and Chief Executive Officer, Arthur Ajemyan, Senior Vice President and Chief Financial Officer, and Stephen Koch, Executive Vice President and Chief Operating Officer, will participate in the Baird 2024 Global Industrial Conference on Wednesday, November 13, 2024 in Chicago, Illinois. Reliance is scheduled to present on Wednesday, November 13th at 4:40 p.m. CT. The presentation will be webcast live over the Internet, hosted on the Investors section of the Company's website at investor.reliance.com. In addition to the live webcast, a replay will be available on the Comp
— 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
SCOTTSDALE, Ariz., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) announced today that it will report third quarter 2024 financial results for the period ended September 30, 2024, on Thursday, October 24, 2024, at 6:50 a.m. Eastern Time. Reliance management will host a conference call that same day 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. Third Quarter 2024 Conference Call Details DATE: Thursday, October 24, 2024 TIME: 8:00 a.m. Pacific Time10:00 a.m. Central Time11:00 a.m. Eastern Time DIAL-IN: (877) 407-0792 (U.S. and Canada)(201) 6
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
SCOTTSDALE, Ariz., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) announced today that effective September 10, 2024, it has entered into an amended and restated $1.5 billion five-year unsecured revolving credit facility (the "Facility"). The Company intends to use funds borrowed under the Facility from time to time for general corporate purposes, growth and stockholder return activities. "We are very pleased with the terms achieved for this new credit facility," said Karla Lewis, President and Chief Executive Officer of Reliance. "Our improved financial condition and upgraded credit ratings since our most recent renewal in 2020 have enabled us to secure more favorable pricing
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-- Net sales of $3.48 billion with record tons sold, up 9.0% year-over-year (same-store tons sold up 5.6%) -- Strong gross profit margin of 29.7% -- EPS of $3.74; non-GAAP EPS of $3.77 -- Repurchased $253.2 million of common stock SCOTTSDALE, Ariz., April 23, 2025 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) today reported its financial results for the first quarter ended March 31, 2025. (in millions, except tons sold which are in thousands, per ton and per share amounts) Sequential Quarter Year-Over-Year Q1 2025* Q4 2024 % Change Q1 2024 % ChangeIncome Statement Data: Net sales$3,484.7 $3,126.6 11.5% $3,644.8 (4.4%)Gross profit1$1,033.3 $886.1 16.6%
SCOTTSDALE, Ariz., April 09, 2025 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) announced today that it will report first quarter 2025 financial results for the period ended March 31, 2025, on Wednesday, April 23, 2025, after the market closes. Reliance management will host a conference call on Thursday, April 24, 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. First Quarter 2025 Conference Call Details DATE:Thursday, April 24, 2025 TIME:8:00 a.m. Pacific Time10:00 a.m. Central Time11:00 a.m. Eastern Time DIAL-IN:(877) 407-0792 (U.S. and Canada)(201) 689-8263 (Inte
- 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
SCOTTSDALE, Ariz., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) announced today that it will report third quarter 2024 financial results for the period ended September 30, 2024, on Thursday, October 24, 2024, at 6:50 a.m. Eastern Time. Reliance management will host a conference call that same day 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. Third Quarter 2024 Conference Call Details DATE: Thursday, October 24, 2024 TIME: 8:00 a.m. Pacific Time10:00 a.m. Central Time11:00 a.m. Eastern Time DIAL-IN: (877) 407-0792 (U.S. and Canada)(201) 6
- Net sales of $3.64 billion with tons sold up 4.0% from Q1 2024 - Gross profit margin of 29.8% - EPS of $4.67, non-GAAP EPS of $4.65 - Cash flow from operations of $366.3 million - $519.3 million of share repurchases in Q2 and $165.4 million in July - Completed acquisition of American Alloy Steel, Inc. on April 1, 2024 - Completed acquisition of Mid-West Materials, Inc. on April 1, 2024 SCOTTSDALE, Ariz., July 25, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) today reported its financial results for the second quarter ended June 30, 2024. (in millions, except tons which are in thousands and per share amounts)
SCOTTSDALE, Ariz., July 11, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) announced today that it will report second quarter 2024 financial results for the period ended June 30, 2024, on Thursday, July 25, 2024, at 6:50 a.m. Eastern Time. Reliance management will host a conference call that same day 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. Second Quarter 2024 Conference Call Details DATE:Thursday, July 25, 2024 TIME:8:00 a.m. Pacific Time10:00 a.m. Central Time11:00 a.m. Eastern Time DIAL-IN:(877) 407-0792 (U.S. and Canada)(201) 689-8263 (International) CON
– Net sales of $3.64 billion with tons sold up 10.3% from fourth quarter of 2023– Gross profit margin of 31.0%– EPS of $5.23, non-GAAP EPS of $5.30– Completed acquisition of Cooksey Iron & Metal Company on February 1, 2024– Completed acquisition of American Alloy Steel, Inc. on April 1, 2024– Completed acquisition of Mid-West Materials, Inc. on April 1, 2024 SCOTTSDALE, Ariz., April 25, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) today reported its financial results for the first quarter ended March 31, 2024. (in millions, except tons which are in thousands and per share amounts) Sequential Quarter Year-Over-Year Q1 2024 Q4 2023 % Change Q1
SCOTTSDALE, Ariz., April 11, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) announced today that it will report first quarter 2024 financial results for the period ended March 31, 2024, on Thursday, April 25, 2024, at 6:50 a.m. Eastern Time. Reliance management will host a conference call that same day 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. First Quarter 2024 Conference Call Details DATE: Thursday, April 25, 2024TIME: 8:00 a.m. Pacific Time10:00 a.m. Central Time11:00 a.m. Eastern TimeDIAL-IN: (877) 407-0792 (U.S. and Canada)(201) 689-8263 (I