Reliance, Inc. (RS) Q4 2024 Earnings Call Transcript
- Reliance, Inc. (NYSE:RS ) Q4 2024 Earnings Conference Call February 20, 2025 11:00 AM ET Company Participants Kimberly Orlando - ADDO Investor Relations Karla Lewis - President and Chief Executive Officer Stephen Koch - Executive Vice President and Chief Operating Officer Arthur Ajemyan - Senior Vice President and Chief Financial Officer Conference Call Participants Martin Englert - Seaport Research Partners Katja Jancic - BMO Capital Markets Phil Gibbs - KeyBanc Capital Markets Mike Harris - Goldman Sachs Alex Hacking - Citi Operator Greetings, and welcome to the Reliance Inc. Fourth Quarter and Full Year 2024 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.
- 02/20/2025
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Reliance (RS) Q4 Earnings Miss Estimates
- Reliance (RS) came out with quarterly earnings of $2.22 per share, missing the Zacks Consensus Estimate of $2.74 per share. This compares to earnings of $4.73 per share a year ago.
- 02/19/2025
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Reliance, Inc. Reports Fourth Quarter and Full Year 2024 Financial Results
- - 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 quarter and full year ended December 31, 2024.
- 02/19/2025
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Reliance, Inc. Announces Upcoming Conference Participation
- 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:
- 02/18/2025
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Earnings Preview: Reliance (RS) Q4 Earnings Expected to Decline
- Reliance (RS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 02/12/2025
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Reliance, Inc. to Announce Fourth Quarter and Full Year 2024 Results on Wednesday, February 19th
- 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 .
- 02/05/2025
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Reasons Why You Should Hold Reliance Stock in Your Portfolio
- RS gains on its resilient business model serving diverse end markets, strong execution and actions to drive growth through acquisitions.
- 01/23/2025
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Here's Why You Should Retain Reliance Stock in Your Portfolio
- While RS faces pricing and demand headwinds, it benefits from resilient business model and actions to drive growth through acquisitions.
- 01/06/2025
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Reliance initiated with a Neutral at Goldman Sachs
- Goldman Sachs analyst Mike Harris initiated coverage of Reliance with a Neutral rating and $341 price target. The prevailing sentiment towards the U.S. steel industry seems pessimistic given concerns on global over supply and weak but improving pricing, the analyst tells investors in a research note. The firm is more positive given its belief that both cyclical and structural factors could drive earnings growth for the domestic steel industry despite a weaker global backdrop. Goldman believes the U.S. steel industry and the stocks are near or at the trough of the current cycle.
- 12/02/2024
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Reliance, Inc. Announces Participation at the Baird 2024 Global Industrial Conference
- 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.
- 11/06/2024
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Reliance Inc.'s Earnings Lag Estimates in Q3, Revenues Beat
- RS benefits from higher shipments amid headwinds from weaker metals pricing in the third quarter.
- 10/25/2024
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Reliance, Inc. (RS) Q3 2024 Earnings Call Transcript
- Reliance, Inc. (NYSE:RS ) Q3 2024 Earnings Conference Call October 24, 2024 11:00 AM ET Company Participants Kimberly Orlando - ADDO Investor Relations Karla Lewis - President and Chief Executive Officer Stephen Koch - Executive Vice President and Chief Operating Officer Arthur Ajemyan - Senior Vice President and Chief Financial Officer Conference Call Participants Katja Jancic - BMO Capital Markets Philip Gibbs - KeyBanc Capital Markets Operator Ladies and gentlemen, good morning, and welcome to the Reliance, Inc. Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
- 10/24/2024
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Reliance (RS) Misses Q3 Earnings Estimates
- Reliance (RS) came out with quarterly earnings of $3.64 per share, missing the Zacks Consensus Estimate of $3.69 per share. This compares to earnings of $5 per share a year ago.
- 10/24/2024
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Reliance, Inc. Reports Third Quarter 2024 Financial Results
- — 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.
- 10/24/2024
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Analysts Estimate Reliance (RS) to Report a Decline in Earnings: What to Look Out for
- Reliance (RS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 10/17/2024
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Reliance, Inc. to Announce Third Quarter 2024 Results on Thursday, October 24th
- 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.
- 10/10/2024
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Reliance, Inc. Announces Appointment of James K. Kamsickas to Board of Directors and Douglas W.
- 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.
- 10/02/2024
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Reliance Announces Amended and Restated $1.5B Credit Facility
- RS believes that this amended and restated credit agreement boosts its already strong liquidity position.
- 09/17/2024
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Reliance, Inc. Announces Amended and Restated $1.5 Billion Credit Facility
- 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.
- 09/16/2024
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Reliance, Inc. to Ring the Closing Bell at the New York Stock Exchange to Commemorate its 30th Anniversary as a Public Company
- SCOTTSDALE, Ariz., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) announced that Karla Lewis, President and Chief Executive Officer, will ring the closing bell at the New York Stock Exchange (“NYSE”) on Thursday, September 19, 2024, to commemorate the Company's 30th anniversary as a listed company. Reliance corporate officers will also participate in the ceremony. Live coverage of the event will begin on Thursday, September 19, 2024, at 3:55 p.m. ET and will be available for streaming at https://www.NYSE.com/bell.
- 09/12/2024
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Reliance's (RS) Earnings Miss, Revenues Beat Estimates in Q2
- Reliance's (RS) second-quarter revenues beat estimates on increased volumes.
- 07/26/2024
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Reliance, Inc. (RS) Q2 2024 Earnings Call Transcript
- Reliance, Inc. (NYSE:RS ) Q2 2024 Earnings Conference Call July 25, 2024 11:00 AM ET Company Participants Kim Orlando - ADDO Investor Relations Karla Lewis - President and Chief Executive Officer Steve Koch - Executive Vice President and Chief Operating Officer Arthur Ajemyan - Senior Vice President and Chief Financial Officer Conference Call Participants Martin Englert - Seaport Research Partners Philip Gibbs - KeyBanc Capital Markets Timna Tanners - Wolfe Research Katja Jancic - BMO Capital Markets Lawson Winder - Bank of America Securities Operator Greetings, and welcome to the Reliance, Inc. Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
- 07/25/2024
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Reliance (RS) Q2 Earnings Miss Estimates
- Reliance (RS) came out with quarterly earnings of $4.65 per share, missing the Zacks Consensus Estimate of $4.73 per share. This compares to earnings of $6.49 per share a year ago.
- 07/25/2024
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Earnings Preview: Reliance (RS) Q2 Earnings Expected to Decline
- Reliance (RS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/18/2024
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Reliance (RS) Buys FerrouSouth Assets, Ups Tolling Operations
- Reliance (RS) is acquiring FerrouSouth's assets to enhance its toll processing capabilities and expand Feralloy's operations in the Southeastern U.S.
- 07/16/2024
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Reliance, Inc. to Announce Second Quarter 2024 Results on Thursday, July 25th
- 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.
- 07/11/2024
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Reasons to Retain Reliance (RS) Stock in Your Portfolio Now
- While Reliance (RS) faces headwinds from pricing pressure, it benefits from strong demand in its major markets and acquisitions.
- 06/13/2024
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All You Need to Know About Reliance (RS) Rating Upgrade to Strong Buy
- Reliance (RS) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- 06/06/2024
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Best Value Stocks to Buy for June 6th
- ACA, RS and SMFKY made it to the Zacks Rank #1 (Strong Buy) value stocks list on June 6, 2024.
- 06/06/2024
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Best Income Stocks to Buy for June 6th
- SMFKY, MATX and RS made it to the Zacks Rank #1 (Strong Buy) income stocks list on June 6, 2024.
- 06/06/2024
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Reliance: Exceptional Fundamentals With Compounding Returns
- Commodities are in another super-cycle, as shown by the performance of the Bloomberg Commodity Index diverging from stock and bond indices. Reliance Inc. is a compelling option in the steel industry, with steady revenue growth and a large customer base. RS has competitive advantages in terms of margins, capital-light growth, and surplus cash flow, making it an attractive buy with potential for value creation.
- 06/01/2024
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5 Stocks With High ROE to Profit as Markets Sway Whimsically
- Reliance (RS), Suzano (SUZ), PulteGroup (PHM), Alphabet (GOOGL) and Banco de Chile (BCH) are some of the stocks with high ROE to profit from as markets exhibit whimsical patterns.
- 05/28/2024
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Has Reliance, Inc. (RS) Outpaced Other Basic Materials Stocks This Year?
- Here is how Reliance (RS) and SilverCrest Metals Inc. (SILV) have performed compared to their sector so far this year.
- 05/24/2024
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RS or LYSDY: Which Is the Better Value Stock Right Now?
- Investors interested in stocks from the Mining - Miscellaneous sector have probably already heard of Reliance (RS) and Lynas Corp. (LYSDY). But which of these two stocks offers value investors a better bang for their buck right now?
- 05/22/2024
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After Plunging -9.98% in 4 Weeks, Here's Why the Trend Might Reverse for Reliance (RS)
- Reliance (RS) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
- 05/15/2024
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Here's What Makes Reliance (RS) Stock a Solid Choice Right Now
- Reliance (RS) gains on strong underlying demand in its major markets and strategic acquisitions.
- 05/15/2024
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Reliance, Inc. Announces Upcoming Conference Participation
- SCOTTSDALE, Ariz., May 07, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) announced today that its management team will participate in the following upcoming investor conferences:
- 05/07/2024
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Reliance (RS) Upgraded to Buy: What Does It Mean for the Stock?
- Reliance (RS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
- 04/29/2024
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Reliance (RS) Loses -13.04% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
- The heavy selling pressure might have exhausted for Reliance (RS) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
- 04/29/2024
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Reliance's (RS) Earnings & Revenues Miss Estimates in Q1
- Reliance's (RS) first-quarter earnings and sales lag their respective estimates on lower shipments and prices.
- 04/26/2024
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Reliance, Inc. (RS) Q1 2024 Earnings Call Transcript
- Reliance, Inc. (NYSE:RS ) Q1 2024 Earnings Conference Call April 25, 2024 11:00 AM ET Company Participants Kim Orlando – ADDO Investor Relations Karla Lewis – President and Chief Executive Officer Steve Koch – Executive Vice President and Chief Operating Officer Arthur Ajemyan – Senior Vice President and Chief Financial Officer Conference Call Participants Phil Gibbs – KeyBanc Capital Markets Martin Englert – Seaport Search Partners Timna Tanners – Wolfe Research Operator Greetings, and welcome to Reliance, Inc. First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
- 04/25/2024
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Reliance (RS) Q1 Earnings and Revenues Lag Estimates
- Reliance (RS) came out with quarterly earnings of $5.30 per share, missing the Zacks Consensus Estimate of $5.51 per share. This compares to earnings of $6.37 per share a year ago.
- 04/25/2024
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Reliance, Inc. Reports First Quarter 2024 Financial Results
- – 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
- 04/25/2024
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Reliance (RS) Expected to Beat Earnings Estimates: Should You Buy?
- Reliance (RS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/18/2024
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Reliance, Inc. to Announce First Quarter 2024 Results on Thursday, April 25ᵗʰ
- 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.
- 04/11/2024
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Reliance (RS) Shares Scale 52-Week High: More Room to Run?
- Reliance (RS) benefits from strong demand in key markets including non-residential construction and its growth actions.
- 04/09/2024
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Reliance (RS) Acquires Steel Service Center MidWest Materials
- Reliance (RS) successfully acquires MidWest Materials, enhancing its Ohio market presence and strategic growth plans.
- 04/03/2024
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Reliance, Inc. Completes Acquisition of American Alloy Steel, Inc.
- SCOTTSDALE, Ariz., April 03, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) announced that effective April 1, 2024, it has completed its acquisition of all of the outstanding equity interests and related real estate assets of American Alloy Steel, Inc. (“American Alloy”). Headquartered in Houston, Texas and founded in 1971, American Alloy is a leading distributor of specialty carbon and alloy steel plate and round bar, including pressure vessel quality (PVQ) material. The acquisition of American Alloy increases Reliance's value-added processing and fabrication capabilities and expands the Company's specialty carbon steel plate product portfolio.
- 04/03/2024
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Reliance, Inc. Acquires Mid-West Materials, Inc.
- SCOTTSDALE, Ariz., April 02, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) announced that it has acquired all the outstanding equity interests of Mid-West Materials, Inc. (“MidWest Materials”), a premier flat-rolled steel service center primarily servicing North American OEMs. Headquartered in Perry, OH and founded in 1952, MidWest Materials provides a wide breadth of steel products including hot-rolled, high strength hot-rolled, coated, and cold-rolled products that are sold into the trailer manufacturing, agriculture, metal fabrication, and building products markets. The current management team will remain in place. For the twelve months ended December 31, 2023, annual net sales for MidWest Materials were approximately $87 million. The terms of the transaction were not disclosed.
- 04/02/2024
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Reliance (RS) Up 24% in 6 Months: Will the Momentum Continue?
- Reliance (RS) is expected to continue to gain from strong demand in key markets and its growth actions in the near term.
- 03/20/2024
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Here's Why You Should Hold Onto Reliance (RS) Stock for Now
- While Reliance (RS) faces headwinds from pricing pressure, it benefits from strong demand in its major markets and acquisitions.
- 03/12/2024
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27 Upcoming Dividend Increases Including A Dividend King
- A new list of 27 new dividend increases, including King Kimberly-Clark and three other champions.
- 02/29/2024
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Reliance (RS) Up 21% in 3 Months: What's Driving the Rally?
- Forecast-topping earnings performance in the fourth quarter and upbeat prospects have contributed to the gain in Reliance's (RS) shares.
- 02/27/2024
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Reliance, Inc. Announces Participation at the BMO Global Metals, Mining & Critical Minerals Conference
- SCOTTSDALE, Ariz., Feb. 20, 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 BMO Global Metals, Mining & Critical Minerals Conference on Tuesday, February 27 and Wednesday, February 28, 2024 in Hollywood, Florida. Reliance is scheduled to present on Wednesday, February 28 at 8:30 a.m. ET.
- 02/20/2024
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Reliance Steel (RS) is a Great Momentum Stock: Should You Buy?
- Does Reliance Steel (RS) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 02/19/2024
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Reliance Steel & Aluminum: A Very Reliable Operator
- Reliance Steel shares reach all-time highs despite lower sales and earnings in 2023, after peak performance in 2022. The company's niche operations and strong track record make it an attractive long-term business model and investment. Reliance Steel rebrands and makes two recent acquisitions, signaling more momentum in the works.
- 02/18/2024
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Reliance's (RS) Earnings and Revenues Surpass Estimates in Q4
- Reliance's (RS) earnings and revenues beat estimates in the fourth quarter on the back of strong end-market demand.
- 02/16/2024
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Reliance Steel & Aluminum Co. (RS) Q4 2023 Earnings Call Transcript
- Reliance Steel & Aluminum Co. (RS) Q4 2023 Earnings Call Transcript
- 02/15/2024
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Reliance Steel & Aluminum (RS) to Buy American Alloy Steel
- American Alloy expands Reliance Steel's (RS) product portfolio with specialty carbon steel plates as well as new production capabilities.
- 02/15/2024
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Reliance Steel & Aluminum (RS) Buys Cooksey Iron & Metal
- The addition of Cooksey boosts and increases Reliance Steel's (RS) presence in the fast-growing Southeastern market.
- 02/05/2024
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Reliance Steel & Aluminum Co. to Announce Fourth Quarter and Full Year 2023 Results on Thursday, February 15th
- SCOTTSDALE, Ariz., Feb. 01, 2024 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it will report fourth quarter and full year 2023 financial results for the period ended December 31, 2023, on Thursday, February 15, 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 www.rsac.com.
- 02/01/2024
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Should Value Investors Buy Reliance Steel & Aluminum Co. (RS) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 01/26/2024
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Reliance Steel (RS) Shares Up 32% in a Year: What's Driving It?
- Reliance Steel (RS) benefits from strong underlying demand in its major markets and strategic acquisitions.
- 01/10/2024
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Why Should You Add Reliance Steel (RS) to Your Portfolio?
- Reliance Steel (RS) gains on strong underlying demand in its major markets and strategic acquisitions.
- 01/03/2024
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Why You Should Hold Onto Reliance Steel (RS) Stock for Now
- While Reliance Steel (RS) faces headwinds from pricing pressure, it benefits from strong demand in its major markets and acquisitions.
- 12/22/2023
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Reliance Steel (RS) Benefits From Demand Strength, Acquisitions
- Although Reliance Steel (RS) faces headwinds from weak pricing, it benefits from strong demand in its major markets and acquisitions.
- 12/04/2023
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Reliance Steel (RS) Rallies 33% YTD: What's Driving the Stock?
- Reliance Steel (RS) gains on strong underlying demand in its major markets and strategic acquisitions.
- 11/29/2023
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Why You Should Retain Reliance Steel (RS) Stock in Your Portfolio
- While Reliance Steel (RS) faces headwinds from pricing pressure, it gains on strong demand in its major markets and acquisitions.
- 11/24/2023
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Reliance Steel & Aluminum Co. (RS) Q3 2023 Earnings Call Transcript
- Reliance Steel & Aluminum Co. (NYSE:RS ) Q3 2023 Earnings Conference Call October 26, 2023 11:00 AM ET Company Participants Kim Orlando - ADDO Investor Relations Karla Lewis - President, Chief Executive Officer & Director Steve Koch - Executive Vice President & Chief Operating Officer Arthur Ajemyan - Chief Financial Officer & Senior Vice President Conference Call Participants Martin Englert - Seaport Research Partners Phil Gibbs - KeyBanc Capital Markets Katja Jancic - BMO Capital Markets Operator Greetings, and welcome to the Reliance Steel & Aluminum Co. Third Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode.
- 10/26/2023
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Reliance Steel (RS) Lags Q3 Earnings Estimates
- Reliance Steel (RS) came out with quarterly earnings of $5 per share, missing the Zacks Consensus Estimate of $5.02 per share. This compares to earnings of $6.48 per share a year ago.
- 10/26/2023
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Reliance Steel & Aluminum Co. to Announce Third Quarter 2023 Results on Thursday, October 26th
- SCOTTSDALE, Ariz., Oct. 12, 2023 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it will report third quarter 2023 financial results for the period ended September 30, 2023, on Thursday, October 26, 2023, 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 www.rsac.com.
- 10/12/2023
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Reliance Steel (RS) Up 28% YTD: What's Driving the Stock?
- Reliance Steel (RS) benefits from strong underlying demand in its major markets and strategic acquisitions.
- 10/03/2023
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Reliance Steel (RS) Gains on Demand Strength, Acquisitions
- While Reliance Steel (RS) faces headwinds from weak pricing, it benefits from strong demand in its major markets and acquisitions.
- 09/27/2023
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Why You Should Hold Reliance Steel (RS) Stock in Your Portfolio
- Reliance Steel (RS) benefits from robust underlying demand in its key markets amid pricing pressure.
- 09/21/2023
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Reliance Steel (RS) Up 37% YTD: Will the Momentum Continue?
- Reliance Steel (RS) is expected to continue to gain from strong demand in key markets and its growth actions in the near term.
- 08/29/2023
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Why You Should Retain Reliance Steel (RS) Stock in Your Portfolio
- While Reliance Steel (RS) faces headwinds from pricing pressure, it gains on strong demand in its major markets and acquisitions.
- 08/24/2023
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Reliance Steel (RS) Q2 Earnings and Sales Miss Estimates
- Demand in the semiconductor market of Reliance Steel (RS) falls in Q2 due to market softness in certain regions.
- 08/01/2023
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Earnings Preview: Reliance Steel (RS) Q2 Earnings Expected to Decline
- Reliance Steel (RS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/20/2023
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Why Should You Add Reliance Steel (RS) Stock to Your Portfolio
- Reliance Steel (RS) is benefiting from positive market conditions and an aggressive acquisition strategy.
- 07/19/2023
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Reliance Steel & Aluminum Co. to Announce Second Quarter 2023 Results on Thursday, July 27th
- SCOTTSDALE, Ariz., July 13, 2023 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it will report second quarter 2023 financial results for the period ended June 30, 2023, on Thursday, July 27, 2023, 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 www.rsac.com.
- 07/13/2023
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What Makes Reliance Steel (RS) a New Buy Stock
- Reliance Steel (RS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- 07/12/2023
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Will Reliance Steel (RS) Beat Estimates Again in Its Next Earnings Report?
- Reliance Steel (RS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 07/07/2023
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Reliance Steel (RS) Hits 52-Week High: What's Aiding It?
- Reliance Steel (RS) is benefiting from positive market conditions and an aggressive acquisition strategy.
- 06/30/2023
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Why You Should Retain Reliance Steel (RS) Stock in Your Portfolio
- While Reliance Steel (RS) faces headwinds from pricing and cost pressure, it gains on strong demand in its major markets and acquisitions.
- 06/21/2023
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Reliance Steel (RS) Gains on Demand Strength, Acquisitions
- Reliance Steel (RS) gains on strong underlying demand in its major markets and acquisitions amid headwinds from inflationary pressure.
- 06/05/2023
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Reliance Steel & Aluminum: An Attractive Dividend Score Card, Buy
- Reliance Steel & Aluminum Co. has shown impressive growth with a strong financial track record, favorable profitability profile, and a healthy balance sheet, making it an attractive investment option. The company's growth prospects include benefiting from global industrialization, expanding product offerings, and increasing demand for metals in developing nations and advanced industries. Despite risks such as the cyclical nature of the metals sector and potential supply chain disruptions, Reliance Steel remains a reliable dividend payer and a good option for long-term investors.
- 05/31/2023
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Reliance Steel (RS) Up 18% YTD: Will the Momentum Continue?
- Reliance Steel (RS) is expected to continue to gain from strong demand in key markets and its growth actions in the near term.
- 05/29/2023
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Reliance Steel (RS) Up 16% in 6 Months: What's Driving It?
- Reliance Steel (RS) gains on healthy demand in non-residential construction, semiconductor and automotive markets and strategic acquisitions.
- 05/23/2023
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Reliance Steel (RS) Earnings and Revenues Top Estimates in Q1
- Reliance Steel (RS) benefits from strong demand in most of its end markets and its organic growth investments in Q1.
- 05/04/2023
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Reliance Steel (RS) to Report Q1 Earnings: What's in Store?
- Reliance Steel (RS) is expected to have seen strong demand in key end markets in Q1. However, weaker selling prices are likely to have been a drag on its performance.
- 04/20/2023
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Reliance Steel Going For New Highs And Record Profits
- There are a few foundational materials that make our world go round, money is not one of them, but it sure does buy them all. Vaclav Smil, a renounced Czech scientist, wrote in his book "How the world really works" that the four pillar basic materials of civilization are Cement, Steel, Plastics, and Ammonia.
- 04/13/2023
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Reliance Steel & Aluminum Co. to Announce First Quarter 2023 Results on Thursday, April 27th
- SCOTTSDALE, Ariz., April 13, 2023 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it will report first quarter 2023 financial results for the period ended March 31, 2023, on Thursday, April 27, 2023, 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 www.rsac.com.
- 04/13/2023
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Reliance Steel Going For New Highs And Record Profits
- There are a few foundational materials that make our world go round, money is not one of them, but it sure does buy them all. Vaclav Smil, a renounced Czech scientist, wrote in his book "How the world really works" that the four pillar basic materials of civilization are Cement, Steel, Plastics, and Ammonia.
- 04/12/2023
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$1 Billion Money Manager Shares His Offbeat Stock Picks
- In good and bad times, Cabot Wealth focuses on quality and long-term investments. This includes selecting some of the best ETFs.
- 04/07/2023
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Reliance Steel's (RS) Shares Pop 37% in 6 Months: Here's Why
- Reliance Steel (RS) gains on healthy demand in non-residential construction, semiconductor and automotive markets and strategic acquisitions.
- 04/06/2023
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4 Outperforming Steelmakers to Consider
- As the first quarter of 2023 comes to a close, investors are looking at companies that have performed well so far this year.
- 03/31/2023
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5 Best Investment Opportunities Using Relative Price Strength
- PLYA, RS, TGLS, PARR and BWMX are five stocks with explosive relative price strength.
- 03/29/2023
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5 Value Stocks to Buy for Safety Amid Market Volatility
- We have narrowed our search to five value stocks. These are: CAR, RNR, RE, RS, CNO.
- 03/29/2023
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Reliance Steel (RS) Rides on Solid Demand & Investments
- Reliance Steel (RS) is seeing growing demands in its largest end-market, non-residential construction.
- 03/27/2023
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Are Industrial Products Stocks Lagging Reliance Steel & Aluminum Co. (RS) This Year?
- Here is how Reliance Steel (RS) and Siemens AG (SIEGY) have performed compared to their sector so far this year.
- 03/22/2023
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What Makes Reliance Steel (RS) Stock a Solid Choice Right Now
- Reliance Steel (RS) gains on strong demand in major end-use markets and strategic acquisitions.
- 03/22/2023
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Reliance Steel's (RS) Shares Rally 24% in 3 Months: Here's Why
- Better-than-expected earnings performance in Q4 and upbeat prospects driven by healthy demand in major markets have contributed to the gain in Reliance Steel's (RS) shares.
- 03/14/2023
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Is Reliance Steel & Aluminum Co. (RS) Stock Outpacing Its Industrial Products Peers This Year?
- Here is how Reliance Steel (RS) and Siemens AG (SIEGY) have performed compared to their sector so far this year.
- 03/06/2023
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Earn Double-Digit Income With Options (March 2023)
- We explain why selling cash-covered puts and covered calls are relatively safe choices for earning a high income. We will discuss how to formulate an options income strategy that's sustainable and repeatable.
- 02/28/2023
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Reliance Steel (RS) Earnings Top Estimates in Q4, Revenues Lag
- Weaker shipments and lower average selling prices hurt Reliance Steel's (RS) top line in the fourth quarter.
- 02/21/2023
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2 Top-Ranked "Defensive" Stocks to Buy After Earnings
- Both Arch Resources (ARCH) and Reliance Steel & Aluminum (RS) have been leaders in their respective industries and their stocks continue to look attractive following their Q4 results.
- 02/17/2023
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Reliance Steel & Aluminum Co. (RS) Q4 2022 Earnings Call Transcript
- Reliance Steel & Aluminum Co. (NYSE:RS ) Q4 2022 Earnings Conference Call February 16, 2023 11:00 AM ET Company Participants Kim Orlando - ADDO Investor Relations Karla Lewis - President and CEO Steve Koch - Executive Vice President and COO Arthur Ajemyan - Senior Vice President and CFO Conference Call Participants Emily Chieng - Goldman Sachs Phil Gibbs - KeyBanc Capital Markets Katja Jancic - BMO Capital Markets Lawson Winder - Bank of America Securities John Tumazos - John Tumazos Very Independent Research Operator Greetings. And welcome to the Reliance Steel & Aluminum Company's Fourth Quarter 2022 Earnings Conference Call.
- 02/16/2023
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Reliance Steel (RS) to Report Q4 Earnings: What's in Store?
- Reliance Steel (RS) is expected to have seen strong demand in end markets despite lower volumes and other headwinds like inflation and supply chain disruptions in Q4.
- 02/15/2023
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This 'Strong Buy' Steel Stock Enters Powerful Uptrend
- A top-ranked stock in a highly rated industry is poised for further gains.
- 02/06/2023
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Reliance Steel & Aluminum Co. to Announce Fourth Quarter and Full Year 2022 Results on Thursday, February 16th
- SCOTTSDALE, Ariz., Feb. 02, 2023 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it will report fourth quarter and full year 2022 financial results for the period ended December 31, 2022, on Thursday, February 16, 2023, 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 www.rsac.com.
- 02/02/2023
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5 Steel Stocks Hit New 12-Month Highs
- These steel stocks are hotter than Tesla, Amazon, Apple and NVIDIA, if you measure hotness by price chart out-performance.
- 01/18/2023
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What Makes Reliance Steel (RS) Stock a Solid Choice Right Now
- Reliance Steel (RS) benefits from strong demand in major end-use markets and strategic acquisitions.
- 01/18/2023
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Why Reliance Steel (RS) is Poised to Beat Earnings Estimates Again
- Reliance Steel (RS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 01/17/2023
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Reliance Steel & Aluminum: Steel Stocks Are Outperforming The S&P 500
- Reliance Steel & Aluminum is part of a sector that is outperforming, and most investors don't even know about it. RS is priced at 7x this year's EPS. So, the stock is clearly cheap.
- 01/04/2023
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Are Investors Undervaluing Reliance Steel & Aluminum Co. (RS) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 12/23/2022
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Reliance Steel (RS) Up 23% YTD: What's Driving the Stock?
- Reliance Steel (RS) gains on strong underlying demand in its major markets, strong execution and acquisitions.
- 12/20/2022
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3 Reasons Why Reliance Steel (RS) Is a Great Growth Stock
- Reliance Steel (RS) is well positioned to outperform the market, as it exhibits above-average growth in financials.
- 12/16/2022
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Reliance Steel's (RS) Shares Rise 14% in 6 Months: Here's Why
- Reliance Steel (RS) benefits from healthy demand in many of its end markets, strong operational execution and acquisitions.
- 12/14/2022
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What Makes Reliance Steel (RS) a Strong Momentum Stock: Buy Now?
- Does Reliance Steel (RS) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 12/02/2022
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Reliance Steel (RS) Gains on Demand Strength, Acquisitions
- Reliance Steel (RS) benefits from strong underlying demand in its major markets and strategic acquisitions.
- 12/01/2022
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3 Reasons Why Growth Investors Shouldn't Overlook Reliance Steel (RS)
- Reliance Steel (RS) is well positioned to outperform the market, as it exhibits above-average growth in financials.
- 11/30/2022
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Why You Should Add Reliance Steel (RS) Stock to Your Portfolio
- Reliance Steel (RS) benefits from healthy demand in major end-use markets and strategic acquisitions.
- 11/29/2022
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Is Reliance Steel & Aluminum Co. (RS) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 11/25/2022
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Reliance Steel & Aluminum: Steel, A Growth Opportunity? Yes
- Reliance Steel & Aluminum is very cheaply valued on practically all metrics. I discuss that RS is a high return of capital company. Plus, whether RS is more of a growth company than many "asset-light" tech companies.
- 11/24/2022
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Reliance Steel (RS) Up 12% in 3 Months: What's Driving It?
- Forecast-topping earnings performance in the third quarter of 2022 and upbeat prospects have contributed to the gain in Reliance Steel's (RS) shares.
- 11/23/2022
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These Were The Five Best And Worst Performing Basic Materials Stocks In October 2022
- Basic materials, such as metal, concrete and chemicals, form the backbone of the global economy because every sector requires basic materials.
- 11/04/2022
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Reliance Steel (RS) Tops Earnings and Sales Estimates in Q3
- Reliance Steel (RS) gains on healthy demand in many of its end markets and strong operational execution in Q3.
- 11/04/2022
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Is Reliance Steel (RS) a Solid Growth Stock? 3 Reasons to Think "Yes"
- Reliance Steel (RS) is well positioned to outperform the market, as it exhibits above-average growth in financials.
- 10/31/2022
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Reliance Steel & Aluminum Co. (RS) Q3 2022 Earnings Call Transcript
- Reliance Steel & Aluminum Co. (NYSE:RS ) Q3 2022 Earnings Conference Call October 27, 2022 11:00 AM ET Company Participants Kimberly Orlando - ADDO Investor Relations Jim Hoffman - Chief Executive Officer Karla Lewis - President & Director Arthur Ajemyan - Senior Vice President & Chief Financial Officer Conference Call Participants Phil Gibbs - KeyBanc Capital Markets Martin Englert - Seaport Research Katja Jancic - BMO Capital Markets Operator Greetings and welcome to the Reliance Steel & Aluminum Company Third Quarter 2022 Earnings Conference Call. [Operator Instructions] It is now my pleasure to introduce your host, Ms.
- 10/27/2022
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Reliance Steel (RS) Q3 Earnings and Revenues Surpass Estimates
- Reliance Steel (RS) delivered earnings and revenue surprises of 4.52% and 2.01%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
- 10/27/2022
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Is Reliance Steel & Aluminum Co. (RS) Outperforming Other Industrial Products Stocks This Year?
- Here is how Reliance Steel (RS) and Twin Disc (TWIN) have performed compared to their sector so far this year.
- 10/21/2022
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Reliance Steel & Aluminum Co. to Announce Third Quarter 2022 Results on Thursday, October 27th
- SCOTTSDALE, Oct. 13, 2022 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it will report third quarter 2022 financial results for the period ended September 30, 2022, on Thursday, October 27, 2022, 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 investor.rsac.com.
- 10/13/2022
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Reliance Steel (RS) is an Incredible Growth Stock: 3 Reasons Why
- Reliance Steel (RS) is well positioned to outperform the market, as it exhibits above-average growth in financials.
- 10/11/2022
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Reliance Steel: Under Covered And Undervalued
- Strong financial performance through downturns indicates RS will hold up as steel and other metal prices relax. RS has a growing dividend, share repurchases, high return on capital, and low cost of capital.
- 10/11/2022
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Reliance Steel promotes president Karla Lewis to CEO
- Reliance Steel & Aluminum Co. RS, +2.59% on Tuesday names Karla R. Lewis as CEO after James D.
- 10/11/2022
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You Can Rely On Reliance Steel & Aluminum
- I recently wrote on Norsk Hydro, a Scandinavian Aluminum business with exposure in recycling, energy and other sectors. I'm now expanding my commodities coverage to Reliance Steel & Aluminum - one of the largest businesses of its kind in all of North America.
- 10/10/2022
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Reliance Steel (RS) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?
- After losing some value lately, a hammer chart pattern has been formed for Reliance Steel (RS), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.
- 09/26/2022
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3 Reasons Growth Investors Will Love Reliance Steel (RS)
- Reliance Steel (RS) possesses solid growth attributes, which could help it handily outperform the market.
- 09/22/2022
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Why You Should Add Reliance Steel (RS) Stock to Your Portfolio
- Reliance Steel (RS) benefits from healthy demand in major end-use markets and strategic acquisitions.
- 09/22/2022
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Reliance Steel (RS) Upgraded to Buy: What Does It Mean for the Stock?
- Reliance Steel (RS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
- 09/19/2022
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Why You Should Retain Reliance Steel (RS) in Your Portfolio
- Reliance Steel (RS) gains on strong demand in its major markets and strategic acquisitions amid challenges from cost inflation.
- 09/07/2022
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The New “Biden Buyback Tax” Will Send This Dividend Stock Soaring
- There's a group of dividend stocks out there that are set to skyrocket as the new “Biden buyback tax” rolls in.
- 08/31/2022
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Reliance Steel (RS) Gains on Demand Strength, Acquisitions
- Reliance Steel (RS) benefits from strong underlying demand in its major markets, the strength in metals pricing and strategic acquisitions.
- 08/24/2022
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RS:CA Offers Real Estate Investors A Leveraged Format And Canadian Exposure
- The Real Estate Split Share Corporation primarily holds Canadian REITs providing focused exposure to a specific market with good sub-sector diversification. The structure of the product means these Class A shares effectively have leverage from the fund structure, magnifying the movement of the underlying holdings.
- 08/15/2022
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Reliance Steel (RS) Tops Earnings and Sales Estimates in Q2
- Reliance Steel (RS) gains on higher pricing and strong demand in many of the company's end markets in Q2.
- 08/03/2022
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Reliance Steel & Aluminum Co.'s (RS) CEO Jim Hoffman on Q2 2022 Results - Earnings Call Transcript
- Reliance Steel & Aluminum Co. (NYSE:RS ) Q2 2022 Earnings Conference Call July 28, 2022 11:00 AM ET Company Participants Kim Orlando – Managing Director-ADDO Investor Relations Jim Hoffman – Chief Executive Officer Karla Lewis – President Arthur Ajemyan – Senior Vice President and Chief Financial Officer Conference Call Participants Emily Chieng – Goldman Sachs Seth Rosenfeld – BNP Paribas Timna Tanners – Wolfe Research Operator Greetings, and welcome to the Reliance Steel & Aluminum Company Second Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode.
- 07/28/2022
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Why Reliance Steel (RS) Could Beat Earnings Estimates Again
- Reliance Steel (RS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 07/22/2022
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Here's Why You Should Hold Onto Reliance Steel (RS) Stock for Now
- Reliance Steel (RS) gains on strong underlying demand in its major markets, strength in metals pricing and strategic acquisitions.
- 07/14/2022
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Reliance Steel & Aluminum Co. to Announce Second Quarter 2022 Results on Thursday, July 28th
- LOS ANGELES, July 14, 2022 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it will report second quarter 2022 financial results for the period ended June 30, 2022, on Thursday, July 28, 2022, 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 investor.rsac.com.
- 07/14/2022
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3 Cheap Buy-Ranked Stocks That Also Pay a Dividend
- CMC, RS and GEF have been losing value over the past month, creating the opportunity to load up on some shares.
- 06/21/2022
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Reliance Steel (RS) Gains on Strong Demand, Acquisitions
- Reliance Steel (RS) is benefiting from healthy demand, higher prices and acquisitions.
- 06/20/2022
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Major Indexes Enter Bear Market: 5 Low-Beta Stock Picks
- We have narrowed our search to five large-cap low-beta stocks with a solid dividend yield. These are: VST, PKG, RS, CHRW and DELL.
- 06/14/2022
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Reliance Steel - Stronger Than Steel
- Reliance Steel has seen a boom in earnings due to strong pricing. This extremely well-led steel service company continues to work on its future, pursuing additional bolt-on M&A.
- 06/06/2022
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Reliance Steel's (RS) Shares Up 28% in 6 Months: Here's Why
- Reliance Steel (RS) benefits from strong demand across key end-use markets, a diversified product base and strategic acquisitions.
- 06/03/2022
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Reliance Steel (RS) is a Great Momentum Stock: Should You Buy?
- Does Reliance Steel (RS) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 05/05/2022
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5 Top Stocks to Make the Most of Relative Price Strength
- ConocoPhillips (COP), Southwest Airlines (LUV), Reliance Steel & Aluminum (RS), Avnet (AVT) and Huntsman (HUN) are five stocks with explosive relative price strength.
- 05/03/2022
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Reliance Steel & Aluminum Co. (RS) Hit a 52 Week High, Can the Run Continue?
- Reliance Steel (RS) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 05/02/2022
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Reliance Steel & Aluminum Co. (RS) CEO James Hoffman on Q1 2022 Results - Earnings Call Transcript
- Reliance Steel & Aluminum Co. (NYSE:RS ) Q1 2022 Results Earnings Conference Call April 28, 2022 11:00 AM ET Company Participants Kimberly Orlando - Senior Vice President of ADDO Investor Relations James Hoffman - Chief Executive Officer Karla Lewis - President Arthur Ajemyan - Senior Vice President and Chief Financial Officer Conference Call Participants Seth Rosenfeld - BNP Paribas Exane Emily Chieng - Goldman Sachs Timna Tanners - Wolfe Research Philip Gibbs - KeyBanc Capital Markets John Tumazos - John Tumazos Very Independent Research Operator Greetings, and welcome to the Reliance Steel & Aluminum Company First Quarter 2022 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.
- 04/30/2022
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Reliance Steel (RS) Q1 Earnings and Revenues Beat Estimates
- Reliance Steel (RS) delivered earnings and revenue surprises of 16.94% and 8.47%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
- 04/28/2022
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Has Reliance Steel & Aluminum Co. (RS) Outpaced Other Industrial Products Stocks This Year?
- Here is how Reliance Steel (RS) and Hudson Technologies (HDSN) have performed compared to their sector so far this year.
- 04/25/2022
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Can Reliance Steel (RS) Keep the Earnings Surprise Streak Alive?
- Reliance Steel (RS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 04/21/2022
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3 Stellar Steel Stocks to Buy Now
- Metals and mining stocks have been a major bright spot in the stock market this year, and with some analysts anticipating a commodity super-cycle ahead, there could still be a lot more upside for investors that have positions in the strongest companies in the sector.
- 04/14/2022
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Reliance Steel & Aluminum Co. to Announce First Quarter 2022 Results on Thursday, April 28th
- LOS ANGELES, April 14, 2022 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it will report first quarter 2022 financial results for the period ended March 31, 2022, on Thursday, April 28, 2022, 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 investor.rsac.com .
- 04/14/2022
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Profit From These 4 Stocks Witnessing Momentum Anomaly
- The Mosaic Company (MOS), Builders FirstSource (BLDR), Reliance Steel & Aluminum (RS) and ZIM Integrated Shipping Services (ZIM) are currently witnessing a short-term pullback in price. So, make sure you take full advantage of it.
- 03/31/2022
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Here's What Makes Reliance Steel (RS) a Solid Choice Right Now
- Reliance Steel (RS) benefits from healthy demand in major end-use markets and strategic acquisitions.
- 03/25/2022
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Reliance Steel (RS) Hits Fresh High: Is There Still Room to Run?
- Reliance Steel (RS) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 03/22/2022
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3 Attractive Stocks with P/E Ratios Under 10
- It is within the low P/E group that investors will find some companies with limited downside and bargain valuations. These three stocks have P/E ratios under 10 and favorable risk-reward profiles.
- 03/09/2022
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Reliance Steel (RS) Q4 Earnings and Revenues Surpass Estimates
- Reliance Steel (RS) benefits from higher pricing and healthy underlying demand in many of its major end markets in Q4.
- 02/18/2022
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Reliance Steel & Aluminum Co. (RS) CEO James Hoffman on Q4 2021 Results - Earnings Call Transcript
- Reliance Steel & Aluminum Co. (RS) CEO James Hoffman on Q4 2021 Results - Earnings Call Transcript
- 02/17/2022
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Reliance Steel (RS) Beats Q4 Earnings and Revenue Estimates
- Reliance Steel (RS) delivered earnings and revenue surprises of 32.11% and 2.95%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
- 02/17/2022
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Yacktman Asset Management Picks Up Reliance Steel, Slashes Macy's Stake
- Yacktman Asset Management (Trades, Portfolio) released this week its fourth-quarter 2021 update, revealing its top trades included a new position in Reliance Steel & Aluminum ( RS , Financial) and reductions to its holdings in Macy's Inc. ( M , Financial), The Walt Disney Co. ( DIS , Financial), Sysco Corp. ( SYY , Financial) and Alphabet Inc. ( GOOGL , Financial)( GOOG , Financial).
- 02/04/2022
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Reliance Steel & Aluminum Co. to Announce Fourth Quarter and Full Year 2021 Results on Thursday, February 17th
- LOS ANGELES, Feb. 03, 2022 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it will report fourth quarter and full year 2021 financial results for the period ended December 31, 2021, on Thursday, February 17, 2022, 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 investor.rsac.com .
- 02/03/2022
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Yacktman Focused Fund Enters 2 New Stocks, Boosts Samsung
- The Yacktman Focused Fund (Trades, Portfolio) disclosed its fourth-quarter portfolio earlier this week.
- 01/18/2022
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How to Adapt to the Market Environment This Year
- How to Adapt to the Market Environment This Year
- 01/14/2022
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Reliance Steel & Aluminum: Still Creating Value, Still A Buy
- Reliance Steel & Aluminum: Still Creating Value, Still A Buy
- 01/10/2022
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Here's Why You Should Buy Reliance Steel (RS) Stock Right Now
- Reliance Steel (RS) is poised to gain from lucrative acquisitions, robust demand and higher metal prices. It is a solid choice for investment at the moment.
- 01/05/2022
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Stock Market Slammed After Fed Minutes; Signature Bank, Nucor, Reliance Steel Hold Up
- Stock Market Slammed After Fed Minutes; Signature Bank, Nucor, Reliance Steel Hold Up Investor's Business Daily has been helping people invest smarter results by providing exclusive stock lists, investing data, stock market research, education and the latest financial and business news to help investors make more money in the stock market. Learn more.
- 01/05/2022
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Is Reliance Steel & Aluminum (RS) Stock a Solid Choice Right Now?
- Reliance Steel & Aluminum (RS) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 01/04/2022
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Is Reliance Steel (RS) Outperforming Other Industrial Products Stocks This Year?
- Here is how Reliance Steel (RS) and ScanSource (SCSC) have performed compared to their sector so far this year.
- 12/31/2021
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Reliance Steel (RS) Buys Rotax to Augment Its Product Portfolio
- Reliance Steel's (RS) recent acquisition of Rotax seeks to widen the company's product base and portfolio.
- 12/27/2021
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Reliance Steel & Aluminum (RS): The Perfect Mix of Value and Rising Earnings Estimates?
- Reliance Steel & Aluminum (RS) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.
- 12/16/2021
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Reliance Steel (RS) Buys Massachusetts-Based Admiral Metals
- Reliance Steel's (RS) acquisition of Admiral Metals will add to its existing portfolio and generate accretive earnings.
- 12/16/2021
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Is Reliance Steel (RS) Stock Outpacing Its Industrial Products Peers This Year?
- Here is how Reliance Steel (RS) and ScanSource (SCSC) have performed compared to their sector so far this year.
- 12/15/2021
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Reliance Steel (RS) Buys Ontario-Based Nu-Tech Precision Metals
- Reliance Steel's (RS) acquisition of Nu-Tech is expected to add to its growth in industries like nuclear and aerospace.
- 12/15/2021
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Reliance Steel (RS) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?
- Reliance Steel (RS) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
- 12/13/2021
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Here's Why You Should Add Reliance Steel (RS) to Your Portfolio
- Reliance Steel (RS) benefits from higher demand in major end-use markets and strategic acquisitions.
- 12/13/2021
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5 Basic Materials Stocks That Fit Graham's Lost Formula
- After posting three straight days of gains, U.S. market indexes were down on Thursday morning in anticipation of the consumer price index for November being released by the Labor Department on Friday.
- 12/09/2021
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4 Top Stocks to Ride the Momentum in Manufacturing Activity
- With the Industrial Products sector on a roll for 18 straight months, we suggest betting on these four stocks - EMR, BERY, RS and AIT that are poised to gain on this momentum.
- 12/07/2021
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A Duo of Stocks for the GARP Investor
- There are some investors who believe growth is important, but also do not want to pay too much for it. They are screening the market for stocks in which growth and value are working together, laying a strong foundation for an investment they hope will be successful.
- 11/13/2021
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New Strong Buy Stocks for November 1st
- FTDR, PAG, CE, BG, and RS have been added to the Zacks Rank #1 (Strong Buy) List on November 1st.
- 11/01/2021
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Best Value Stocks to Buy for November 1st
- PAG, RS, CE, and JBL made it to the Zacks Rank #1 (Strong Buy) value stocks list on November 1, 2021.
- 11/01/2021
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Reliance Steel's (RS) Q3 Earnings and Revenues Top Estimates
- Reliance Steel (RS) registers record sales in Q3 on favorable pricing and strong underlying demand in many of its major end markets.
- 11/01/2021
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Reliance Steel & Aluminum's (RS) CEO Jim Hoffman on Q3 2021 Results - Earnings Call Transcript
- Reliance Steel & Aluminum's (RS) CEO Jim Hoffman on Q3 2021 Results - Earnings Call Transcript
- 10/28/2021
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Reliance Steel (RS) is an Incredible Growth Stock: 3 Reasons Why
- Reliance Steel (RS) possesses solid growth attributes, which could help it handily outperform the market.
- 10/28/2021
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Why Reliance Steel (RS) is a Top Growth Stock for the Long-Term
- Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
- 10/28/2021
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Reliance Steel (RS) Surpasses Q3 Earnings and Revenue Estimates
- Reliance Steel (RS) delivered earnings and revenue surprises of 3.54% and 3.65%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
- 10/28/2021
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This 1 Industrial Products Stock Could Beat Earnings: Why It Should Be on Your Radar
- Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
- 10/15/2021
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Reliance Steel & Aluminum Co. To Announce Third Quarter 2021 Results on Thursday, October 28th
- LOS ANGELES, Oct. 14, 2021 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it will report third quarter 2021 financial results for the period ended September 30, 2021, on Thursday, October 28, 2021, 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 investor.rsac.com .
- 10/14/2021
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Why Reliance Steel (RS) is Poised to Beat Earnings Estimates Again
- Reliance Steel (RS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 10/13/2021
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Reliance Steel (RS) Wraps Up Merfish United Acquisition
- Reliance (RS) completes the acquisition of Merfish, in line with its strategy of taking over companies that have an immediate accretion.
- 10/07/2021
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Reliance Steel & Aluminum Co. Announces Appointment of Frank J. Dellaquila to Board of Directors
- 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.
- 10/06/2021
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Reliance Steel & Aluminum Co. Completes Acquisition of Merfish United
- LOS ANGELES, Oct. 04, 2021 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced today that effective October 1, 2021, it has acquired Merfish United, a leading master distributor of tubular building products in the United States, from One Equity Partners, a middle market private equity firm. Headquartered in Ipswich, Massachusetts, Merfish United serves 47 U.S. states through its twelve strategically located distribution centers. Merfish United's broad product offering includes full lines of steel pipe, copper tubing, plastic pipe, electrical conduit and related products for the commercial, residential, municipal and industrial building markets. For the twelve months ended June 30, 2021, Merfish United's net sales were approximately $500 million. The current Merfish United team, including management, will remain in place. The terms of the transaction were not disclosed.
- 10/04/2021
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Top Ranked Value Stocks to Buy for September 23rd
- AAWW, RS, GES, and RM made it to the Zacks Rank #1 (Strong Buy) value stocks list on September 23, 2021.
- 09/23/2021
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Why Reliance Steel & Aluminum (RS) Stock Might be a Great Pick
- Reliance Steel & Aluminum (RS) has seen solid earnings estimate revision activity over the past two months, and belongs to a strong industry as well.
- 09/22/2021
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3 Reasons Growth Investors Will Love Reliance Steel (RS)
- Reliance Steel (RS) possesses solid growth attributes, which could help it handily outperform the market.
- 09/21/2021
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New Strong Buy Stocks for September 17th
- CMC, NETI, RS, WLK, and SALM have been added to the Zacks Rank #1 (Strong Buy) List on September 17, 2021.
- 09/17/2021
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Reliance Steel (RS) Sees Hammer Chart Pattern: Time to Buy?
- Reliance Steel (RS) has been struggling lately, but the selling pressure may be coming to an end soon.
- 09/14/2021
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Reliance Steel (RS) Gains on Strong Demand, Acquisitions
- Reliance Steel (RS) is benefiting from healthy demand, higher prices and acquisitions.
- 09/01/2021
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Top Ranked Value Stocks to Buy for August 30th
- TUP, JFIN, ALLY, and RS made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 30, 2021.
- 08/30/2021
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Ternium: Still Has Room To Grow
- Ternium: Still Has Room To Grow
- 08/26/2021
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Here's Why You Should Add Reliance Steel (RS) Stock Now
- Reliance Steel (RS) benefits from healthy demand, higher prices and acquisitions.
- 08/25/2021
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Reliance Steel & Aluminum Co. Announces Participation at the Raymond James 2021 Diversified Industrials Conference
- LOS ANGELES, Aug. 18, 2021 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE: RS) announced today that James Hoffman, Chief Executive Officer, Karla Lewis, President, and Arthur Ajemyan, Vice President and Chief Financial Officer, will participate in the Raymond James 2021 Diversified Industrials Conference on Wednesday, August 25, 2021. Reliance is scheduled to present virtually at 2:40 p.m. ET and will participate in virtual meetings with investors throughout the day.
- 08/18/2021
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Is Reliance Steel (RS) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 08/17/2021
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Reliance Steel (RS) to Buy Merfish for Product Diversification
- Reliance Steel (RS) agrees to acquire Merfish United. The deal is expected to help it create a foothold in the adjacent industrial distribution space and expand exposure to copper and plastic products.
- 08/06/2021
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One Equity Partners Agrees to Sell Merfish United
- NEW YORK, Aug. 4, 2021 /PRNewswire/ -- One Equity Partners ("OEP"), a middle market private equity firm, today announced that it has entered a definitive agreement to sell Merfish United (the "Company"), a leading master distributor of tubular building products in the United States, to Reliance Steel & Aluminum Co. (NYSE:RS), a diversified metal solutions provider and the largest metals service center operator in North America. Headquartered in Ipswich, Mass.
- 08/04/2021
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Reliance Steel & Aluminum Co. Agrees to Acquire Merfish United
- LOS ANGELES, Aug. 04, 2021 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it has entered into a definitive agreement to acquire Merfish United, a leading master distributor of tubular building products in the United States, from One Equity Partners, a middle market private equity firm. Headquartered in Ipswich, Massachusetts, Merfish United serves 47 U.S. states through its twelve strategically located distribution centers. Merfish United's broad product offering includes full lines of steel pipe, copper tubing, plastic pipe, electrical conduit and related products for the commercial, residential, municipal and industrial building markets. The Company's strong customer relationships, which are structured through national accounts, buying groups and independent wholesale distribution customers, support the plumbing and heating; pipe, valve and fittings (PVF); heating, ventilation and air conditioning (HVAC); waterworks; fire protection; pool supply; lumber yard; fence; steel service center and electrical supply markets. A proprietary fleet of approximately 65 trucks provides Merfish United with competitive advantages, including timely deliveries to meet its customers' needs. For the twelve months ended June 30, 2021, Merfish United's net sales were approximately $500 million.
- 08/04/2021
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Top 6 Momentum Stocks to Tap Wall Street Rally in August
- We have narrowed down our search to six momentum stocks that witnessed robust earnings estimate revisions in the last 7 days and have strong upside left for 2021. These are: AAPL, F, EOG, COP, RS and WSO.
- 08/02/2021
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New Strong Buy Stocks for July 29th
- RS, SWN, TFII, RJF, and CBRE have been added to the Zacks Rank #1 (Strong Buy) List on July 29, 2021.
- 07/29/2021
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Top Ranked Value Stocks to Buy for July 29th
- RLGY, SAH, CZWI, and RS made it to the Zacks Rank #1 (Strong Buy) value stocks list on July 29, 2021
- 07/29/2021
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Reliance Steel & Aluminum Co. Announces New Director
- LOS ANGELES, July 23, 2021 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE: RS) today announced that it has increased the size of its Board of Directors from 10 to 11 members and appointed David W. Seeger, 65, to serve as an independent director. Mr. Seeger's term took effect on July 20, 2021 and will expire at the 2022 Annual Meeting of Stockholders.
- 07/23/2021
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Reliance Steel & Aluminum Tops Q2 Earnings; Expects Supply Constraints To Continue In Q3
- Reliance Steel & Aluminum Co (NYSE: RS) reported second-quarter net sales growth of 69.3% year-over-year and 20.4% sequentially to $3.42 billion, beating analysts consensus of $3.14 billion. Adjusted EPS improved to $5.06 from $1.36 last year, beating consensus estimates of $4.73.
- 07/22/2021
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Reliance Steel (RS) Q2 Earnings and Revenues Beat Estimates
- Reliance Steel (RS) delivered earnings and revenue surprises of 2.43% and 9.65%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
- 07/22/2021
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Recap: Reliance Steel & Aluminum Q2 Earnings
- Shares of Reliance Steel & Aluminum (NYSE:RS) remained unaffected after the company reported Q2 results. Quarterly Results Earnings per share were up 272.06% over the past year to $5.06, which beat the estimate of $4.73.
- 07/22/2021
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Reliance Steel & Aluminum Co. Reports Record Second Quarter 2021 Financial Results
- • Record quarterly net sales of $3.42 billion• Record quarterly gross profit of $1.08 billion driven by strong gross profit margin of 31.7%• Record quarterly pretax income of $444.1 million and record pretax income margin of 13.0%• Record quarterly EPS of $5.08• Increased existing share repurchase program to $1 billion• Announces increase in estimated sustainable gross profit margin range to 29% to 31%
- 07/22/2021
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What Makes Reliance Steel (RS) Stock a Solid Choice Right Now
- Reliance Steel (RS) gains from healthy demand, higher prices and acquisitions.
- 07/15/2021
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Reliance Steel & Aluminum Co. to Announce Second Quarter 2021 Results on Thursday, July 22nd
- LOS ANGELES, July 08, 2021 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it will report second quarter 2021 financial results for the period ended June 30, 2021, on Thursday, July 22, 2021, 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 investor.rsac.com .
- 07/08/2021
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How Reliance Steel (RS) Stock Stands Out in a Strong Industry
- Reliance Steel (RS) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 07/06/2021
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Reliance Steel & Aluminum Co. Announces Executive Officer Retirement and Promotions
- - William K. Sales retiring as Executive Vice President, Operations
- 07/01/2021
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4 Magic Formula Materials Stocks With High Business Quality
- In light of commodity prices rebounding on Friday following a sharp tumble earlier this week, four basic materials stocks with high business quality, earnings yield and return on capital as of Friday are Franco-Nevada Corp. ( FNV , Financial), UFP Industries Inc. ( UFPI , Financial), Reliance Steel & Aluminum Co. ( RS , Financial) and WD-40 Co. ( WDFC , Financial) according to Joel Greenblatt (Trades, Portfolio)'s Magic Formula Screen, a Premium feature of GuruFocus.
- 06/18/2021
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Reliance Steel: The Bubble Worsens
- Reliance Steel has provided shareholders with mostly double-digit returns over the past six years. The strong returns are mainly due to the share price getting well ahead of itself, with share price declines likely.
- 05/29/2021
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IVOV: Midcap Value ETF Review
- IVOV strategy and facts. Comparing IVOV with my value model.
- 05/27/2021
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Top 5 Value Picks to Shrug Off Market Gyrations
- We have narrowed down our search to five value stocks that have provided higher returns than the S&P 500 Index in the past month. These are: LB, PHM, DDS, RS and WLK
- 05/20/2021
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Reliance Steel & Aluminum Co. Announces Upcoming Conference Participation
- LOS ANGELES, May 10, 2021 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE: RS) announced today that James Hoffman, Chief Executive Officer, Karla Lewis, President, and Arthur Ajemyan, Vice President and Chief Financial Officer, will participate in the following upcoming conferences:
- 05/10/2021
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5 Predictable Stocks With a Margin of Safety
- According to the GuruFocus All-in-One Screener, a Premium feature, the following companies have high business predictability ratings and wide margins of safety as of May 3.
- 05/03/2021
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Reliance Steel & Aluminum Becomes an Undervalued Predictable Stock
- This metals processing company is financially healthy and profitable, but its valuation is not so straightforward
- 04/27/2021
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Reliance Steel (RS) Q1 Earnings and Revenues Surpass Estimates
- Reliance Steel (RS) benefits from improved demand in many of its end markets and strong metals pricing in Q1.
- 04/26/2021
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Reliance Steel & Aluminum Co. (RS) CEO Jim Hoffman on Q1 2021 Results - Earnings Call Transcript
- Reliance Steel & Aluminum Co. (RS) CEO Jim Hoffman on Q1 2021 Results - Earnings Call Transcript
- 04/22/2021
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Reliance Steel (RS) Tops Q1 Earnings and Revenue Estimates
- Reliance Steel (RS) delivered earnings and revenue surprises of 11.11% and 4.30%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
- 04/22/2021
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Reliance Steel & Aluminum Co. Reports Record First Quarter 2021 Financial Results
- - Record quarterly gross profit of $953.7 million driven by record quarterly gross profit margin of 33.6% - Record quarterly pretax income of $359.0 million and record pretax income margin of 12.6% - Record EPS of $4.12 - Cash flow from operations of $161.8 million
- 04/22/2021
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Reliance Steel & Aluminum Stock Continues to Shine
- Reliance Steel & Aluminum Co. (NYSE:RS) is the largest metals service center operator in North America.
- 04/21/2021
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Base and Industrial Metals Will Keep Rising Thanks to China and Biden
- Industrial metals have pulled back from recent highs, but they believe the backdrop remains positive. They also expect a free cash flow.
- 04/13/2021
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Reliance Steel & Aluminum Co. to Announce First Quarter 2021 Results on Thursday, April 22nd
- LOS ANGELES, April 08, 2021 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it will report first quarter 2021 financial results for the period ended March 31, 2021, on Thursday, April 22, 2021, 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 investor.rsac.com .
- 04/08/2021
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Earnings Estimates Rising for Reliance Steel (RS): Will It Gain?
- Reliance Steel (RS) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 03/15/2021
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Reliance Steel & Aluminum Co. Announces Participation at the J.P. Morgan 2021 Industrials Conference
- LOS ANGELES, March 09, 2021 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE: RS) announced today that James Hoffman, Chief Executive Officer, Karla Lewis, President, and Arthur Ajemyan, Vice President and Chief Financial Officer, will participate in the J.P. Morgan 2021 Industrials Conference on Tuesday, March 16, 2021. Reliance is scheduled to present virtually at 5:20 p.m. ET and will participate in virtual meetings with investors throughout the day.
- 03/09/2021
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Reliance Steel & Aluminum Stock At All-Time High – Time To Exit?
- After rising more than 95% from its March 2020 lows, at the current price of $139 per share, Reliance Steel & Aluminum Co. stock (NYSE: RS) now looks overvalued. RS stock rallied from $71 to $139 off its recent bottom, compared to the S&P 500 which increased 75% from its recent lows.
- 03/03/2021
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Reliance Steel: Share Price In Bubble Territory
- Reliance Steel: Share Price In Bubble Territory
- 03/02/2021
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Reliance Steel (RS) Q4 Earnings and Revenues Surpass Estimates
- Reliance Steel (RS) benefits from improved demand in nearly all of the end markets it serves in the fourth quarter.
- 02/19/2021
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Reliance Steel & Aluminum Co. (RS) CEO James Hoffman on Q4 2020 Results - Earnings Call Transcript
- Reliance Steel & Aluminum Co. (RS) CEO James Hoffman on Q4 2020 Results - Earnings Call Transcript
- 02/18/2021
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Reliance Steel (RS) Tops Q4 Earnings and Revenue Estimates
- Reliance Steel (RS) delivered earnings and revenue surprises of 0.50% and 1.47%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
- 02/18/2021
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Reliance Steel & Aluminum Co. Reports Fourth Quarter and Full Year 2020 Financial Results
- - Record annual gross profit margin of 31.5%, record fourth quarter gross profit margin of 33.0% - Annual EPS of $5.66, annual non-GAAP EPS of $7.71, fourth quarter EPS of $2.01 - Strong annual cash flow from operations of $1.17 billion - Annual share repurchases of $337.3 million - Increased quarterly dividend 10.0% to $0.6875 per share
- 02/18/2021
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Why Earnings Season Could Be Great for Reliance Steel (RS)
- Reliance Steel (RS) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 02/17/2021
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Top 5 Stocks Poised to Beat on Q4 Earnings This Week
- Five stocks with a favorable Zacks Rank are set to beat on earnings this week. These are: TPH, HRI, Rs, TDS and USM.
- 02/15/2021
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Why the Earnings Surprise Streak Could Continue for Reliance Steel (RS)
- Reliance Steel (RS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 02/10/2021
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Reliance Steel & Aluminum Co. to Announce Fourth Quarter and Full Year 2020 Results on Thursday, February 18th
- LOS ANGELES, Feb. 04, 2021 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it will report fourth quarter and full year 2020 financial results for the period ended December 31, 2020, on Thursday, February 18, 2021, 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 investor.rsac.com .
- 02/04/2021
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Reliance Steel & Aluminum Co. Announces Director Succession and Leadership Promotions
- − 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
- 01/18/2021
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Surging Earnings Estimates Signal Upside for Reliance Steel (RS) Stock
- Reliance Steel (RS) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 01/14/2021
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5 Industrial Stocks Near 52-Week Highs That Can Scale Higher
- The industrial sector is gearing up for growth in 2021. ParkerHannifin (PH), Fortune Brands (FBHS), Reliance Steel (RS), Rexnord (RXN) and Colfax (CFX) are performing well and are set to grow.
- 01/13/2021
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Here's Why You Should Add Reliance Steel (RS) to Your Portfolio
- Reliance Steel (RS) benefits from higher demand in major end-use markets and strategic acquisitions.
- 01/13/2021
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Reliance Steel & Aluminum's (RS) Shares March Higher, Can It Continue?
- As of late, it has definitely been a great time to be an investor in Reliance Steel & Aluminum (RS).
- 01/12/2021
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Reliance Steel: Made Of Steel
- Reliance Steel has been delivering on really solid results for quite a while. While operating in a cyclical industry, Reliance Steel is vastly outperforming its peers with superior margins and margin stability.
- 12/05/2020
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Reliance Steel & Aluminum: A Value Creation Business
- RS serves several high-quality growth industries which are poised to continue growth. RS, as a company, has a proven history of profit generation even in difficult conditions.
- 12/04/2020
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Reliance Steel & Aluminum Co. Announces Upcoming Conference Participation
- LOS ANGELES, Nov. 11, 2020 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE: RS) announced today that the Company's leadership team will participate in the following upcoming conferences:
- 11/11/2020
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