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 ...

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 in ...

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 manufactur ...

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 ...

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 _______ Commission file number: 001-13122 Reliance, Inc. (Exact name of registrant as specified in its charter) Delaware 95-1142616 (State or other juri ...

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 ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

simonkr Shares of Reliance Steel & Aluminum Co. (NYSE:RS) have risen to fresh all-time highs in a convincing way as the company ended 2023 on a solid note, even as sales and earnings were down from an exceptionally strong 2022. The margin reversal (from peak to more normal levels) goes slowly, with the company still posting above-average earnings, as the company continues to perform well, with organic performance and bolt-on dealmaking efforts only adding to a very impressive track record. The niche operati ...

Reliance, Inc. (RS) posted profits of $272.7 million or $4.70 per share in fourth-quarter 2023, down from $350.5 million or $5.88 per share in the year-ago quarter.Barring one-time items, the company recorded earnings of $4.73 per share. It topped the Zacks Consensus Estimate of $3.86.The company recorded net sales of $3,337.3 million, down around 7.6% year over year. The top line beat the Zacks Consensus Estimate of $3,275.1 million.The company officially rebranded as Reliance, Inc., departing from its for ...