Reliance, inc. reports fourth quarter and full year 2023 financial results and unveils corporate rebranding

-  second highest annual eps of $22.64; fourth quarter eps of $4.70 -  second highest annual cash flow from operations of $1.67 billion -  repurchased $479.5 million of common stock in 2023 -  increased quarterly dividend 10.0% to $1.10 per share (annual: $4.40) -  completed acquisition of cooksey iron & metal company on february 1, 2024 -  announced pending acquisition of american alloy steel, inc. on february 14, 2024 -  rebranding to reliance, inc. to reflect the company's 85-year evolution through diversified growth scottsdale, ariz., feb. 15, 2024 (globe newswire) -- reliance, inc. (nyse: rs) today reported its financial results for the fourth quarter and full year ended december 31, 2023 and announced a corporate name change to reliance, inc. from reliance steel & aluminum co. the name change reflects the company's evolution to “more than metal.
RS Ratings Summary
RS Quant Ranking