SCOTTSDALE, Ariz., April 11, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) announced today that it will report first quarter 2024 financial results for the period ended March 31, 2024, on Thursday, April 25, 2024, at 6:50 a.m. Eastern Time. Reliance management will host a conference call that same day at 11:00 a.m. Eastern Time. The call will be broadcast live over the Internet hosted on the Investors section of the Company's website at reliance.com. Reliance, Inc. First Quarter 2024 Conference Call Det ...

Core Points - Reliance, Inc. will report its first quarter 2024 financial results on April 25, 2024, at 6:50 a.m. Eastern Time [1] - A conference call will be held on the same day at 11:00 a.m. Eastern Time, which will be broadcast live on the company's website [1][2] - A replay of the conference call will be available from 2:00 p.m. Eastern Time on April 25, 2024, until 11:59 p.m. Eastern Time on May 9, 2024 [2] Company Overview - Reliance, Inc. is a leading global diversified metal solutions provider and the largest metals service center company in North America [3] - The company operates over 320 locations across 40 states and 12 countries, providing value-added metals processing services and distributing over 100,000 metal products to more than 125,000 customers [3] - In 2023, the average order size was $3,210, with approximately 51% of orders including value-added processing and about 40% delivered within 24 hours [3]

Reliance, Inc.'s (RS) shares touched a new 52-week high of $342.20 on Apr 8, before closing the session at $337.08.RS has a market capitalization of roughly $19.4 billion and carries a Zacks Rank #3 (Hold) at present.The company’s shares have rallied 37.1% over the past year, outperforming the 4.4% rise of its industry. Image Source: Zacks Investment Research What’s Driving RS?Reliance is benefiting from strong underlying demand in its major markets. It anticipates continued healthy demand trends in the fir ...

Reliance, Inc. (RS) has successfully acquired all outstanding equity interests of Mid-West Materials, Inc., a leading flat-rolled steel service center primarily catering to North American OEMs. Established in 1952 and headquartered in Perry, OH, MidWest Materials offers a diverse range of steel products, including hot-rolled, high-strength hot-rolled, coated and cold-rolled varieties. These products serve various industries, such as trailer manufacturing, agriculture, metal fabrication and building products ...

Core Insights - Reliance, Inc. has completed the acquisition of American Alloy Steel, Inc. effective April 1, 2024, enhancing its processing capabilities and product portfolio [1][2] - American Alloy reported annual net sales of approximately $310 million for the year ending December 31, 2023 [2] Company Overview - Reliance, Inc. is a leading global diversified metal solutions provider and the largest metals service center company in North America, with over 315 locations across 40 states and 12 countries [3] - The company distributes over 100,000 metal products to more than 125,000 customers, focusing on small orders with quick turnaround and value-added processing services [3] - In 2023, Reliance's average order size was $3,210, with approximately 51% of orders including value-added processing and about 40% delivered within 24 hours [3]

Group 1 - Reliance, Inc. has acquired Mid-West Materials, a flat-rolled steel service center, enhancing its presence in North American OEM markets [1][2] - Mid-West Materials reported annual net sales of approximately $87 million for the year ending December 31, 2023 [1] - The acquisition aligns with Reliance's strategy of acquiring well-run companies that are immediately accretive to earnings and expand customer offerings [2] Group 2 - Reliance, Inc. is the largest metals service center company in North America, with over 315 locations across 40 states and 12 countries [3] - The company distributes over 100,000 metal products to more than 125,000 customers, focusing on small orders with quick turnaround [3] - In 2023, approximately 51% of Reliance's orders included value-added processing, and about 40% were delivered within 24 hours [3]

Reliance, Inc.’s (RS) shares have popped 23.8% over the past six months. The company has also outperformed its industry’s decline of 3.2% over the same time frame. It has also topped the S&P 500’s roughly 15.9% rise over the same period.Let’s dive into the factors behind this Zacks Rank #3 (Hold) stock’s price appreciation. Image Source: Zacks Investment Research Strong Demand, Acquisitions Drive RelianceReliance is gaining from strong underlying demand in its major markets. It anticipates continued healthy ...

Reliance, Inc. (RS) is gaining from demand strength in its major end-use markets, a diversified product base and strategic acquisitions amid pricing headwinds.Shares of Reliance, a Zacks Rank #3 (Hold) stock, have gained 27.8% in the past year compared with 1.8% rise of the industry. Image Source: Zacks Investment Research Strong Demand, Acquisitions Aid RSReliance is benefiting from strong underlying demand in its major markets. Non-residential construction, Reliance's primary market, saw a notable improve ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Scottsdale, Arizona 85254 (Address of principal executive offices, including zip code) (480) 564-5700 (Registrant's telephone ...

Reliance, Inc.’s (RS) shares have gained 20.9% over the past three months. The company has also outperformed its industry’s rise of 15.2% over the same time frame. It has also topped the S&P 500’s roughly 11.6% rise over the same period.Let’s take a look into the factors that are driving this Zacks Rank #2 (Buy) stock. Image Source: Zacks Investment Research What’s Aiding RS?Forecast-topping earnings performance in the fourth quarter of 2023 and upbeat prospects have contributed to the gain in the company's ...