- 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 exclud ...

Reliance (RS) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 19. On ...

SCOTTSDALE, Ariz., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) announced today that it will report fourth quarter and full year 2024 financial results for the period ended December 31, 2024, on Wednesday, February 19, 2025, after the market closes. Reliance management will host a conference call on Thursday, February 20, 2025, at 11:00 a.m. Eastern Time. The call will be broadcast live over the Internet hosted on the Investors section of the Company's website at reliance.com. Reliance, Inc. F ...

SCOTTSDALE, Ariz., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) announced today that it will report fourth quarter and full year 2024 financial results for the period ended December 31, 2024, on Wednesday, February 19, 2025, after the market closes. Reliance management will host a conference call on Thursday, February 20, 2025, at 11:00 a.m. Eastern Time. The call will be broadcast live over the Internet hosted on the Investors section of the Company's website at reliance.com. Reliance, Inc. F ...

TORONTO, Jan. 24, 2025 (GLOBE NEWSWIRE) -- Real Estate Split Corp. (TSX: RS) (the “Fund”), is pleased to announce that a distribution for January 2025 will be payable to Class A shareholders of Real Estate Split Corp. as follows: Record DatePayable DateDistribution Per Equity ShareJanuary 31, 2025February 14, 2025$0.13 The equity shares trade on the Toronto Stock Exchange under the symbol RS. For further information, please visit our website at www.middlefield.com or contact our Sales and Marketing Depar ...

Reliance, Inc. (RS) benefits from a diversified business model and product base, growth through strategic acquisitions and strong liquidity amid headwinds from pricing and demand weakness.RS’ shares have gained 2.4% in the past year compared with the Zacks Mining – Miscellaneous industry’s 12.9% decline. Image Source: Zacks Investment ResearchLet’s find out why RS stock is worth retaining at the moment.Acquisitions & Strong Liquidity Bode Well for RS StockReliance gains on its resilient business model servi ...

Core Viewpoint - Reliance, Inc. is benefiting from a diversified business model, strategic acquisitions, and strong liquidity despite facing pricing and demand challenges [1][2]. Group 1: Acquisitions and Liquidity - Reliance has adopted an aggressive acquisition strategy, completing 76 acquisitions since its IPO in 1994, enhancing product diversification and processing capabilities [3]. - Recent acquisitions, including Rotax Metals, Admiral Metals, and Nu-Tech Precision Metals, align with its strategy to invest in high-quality businesses and expand its market reach [4]. - The acquisition of FerrouSouth's toll processing assets in August 2024 enhances Reliance's toll processing capabilities and capacity in the Southeastern United States [5]. - In Q3 2024, Reliance returned $60.6 million to shareholders in cash dividends and repurchased shares worth $432 million, with a cash and cash equivalents balance of $314.6 million [6]. - The company generated $463.9 million in cash flow from operations during the same quarter, supported by solid profitability and effective working capital management [6]. - Reliance entered into a five-year unsecured revolving credit facility worth $1.5 billion, strengthening its liquidity position and capital allocation strategies [7]. Group 2: Pricing and Demand Challenges - Reliance faced pricing pressure in Q3 2024, with an average selling price per ton sold declining approximately 12% year over year [8]. - The company anticipates a further decline in average selling prices by 1.5-3.5% sequentially in Q4 2024 due to ongoing pricing pressures across carbon steel products [8]. - Reliance expects a 6-8% decrease in tons sold in Q4 2024 compared to Q3 2024, influenced by seasonal trends and increased macroeconomic and political uncertainty [9].

TORONTO, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Real Estate Split Corp. (TSX: RS and RS.PR.A) is pleased to announce that a distribution for December 2024 will be payable to Class A shareholders as follows: Record DatePayable DateDistribution Per Equity ShareDecember 31, 2024January 15, 2025$0.13 The Fund also announces the fourth quarter distribution of 2024 will be payable to preferred shareholders as follows: Record DatePayable Date ...

Table of Contents Common Stock, $0.001 par value RS New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | |-------------------------------------------------------------------------------------|-- ...

Reliance, Inc. (RS) posted profits of $199.2 million or $3.61 per share in the third quarter of 2024, down from $295 million or $4.99 per share in the year-ago quarter. Barring one-time items, RS recorded earnings of $3.64 per share, down from $5.00 a year ago. It lagged the Zacks Consensus Estimate of $3.69. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. The company recorded net sales of $3,420.3 million, down around 6% year over year. The top line beat the Zacks Consensus Estimate ...