Reliance (RS) came out with quarterly earnings of $3.77 per share, beating the Zacks Consensus Estimate of $3.66 per share. This compares to earnings of $5.30 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 3.01%. A quarter ago, it was expected that this metals service-center company would post earnings of $2.74 per share when it actually produced earnings of $2.22, delivering a surprise of -18.98%. Over the last four quarte ...

-- Net sales of $3.48 billion with record tons sold, up 9.0% year-over-year (same-store tons sold up 5.6%) -- Strong gross profit margin of 29.7% -- EPS of $3.74; non-GAAP EPS of $3.77 -- Repurchased $253.2 million of common stock SCOTTSDALE, Ariz., April 23, 2025 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) today reported its financial results for the first quarter ended March 31, 2025. EXHIBIT 99.1 Reliance, Inc. Reports First Quarter 2025 Financial Results (in millions, except tons sold which are in tho ...

Core Insights - Reliance, Inc. reported net sales of $3.48 billion for Q1 2025, a 9.0% increase year-over-year, with same-store tons sold up 5.6% [1][4] - The company achieved a strong gross profit margin of 29.7% and a diluted EPS of $3.74, with non-GAAP EPS at $3.77 [1][5] - Reliance repurchased $253.2 million of common stock during the quarter [1][17] Financial Performance - Net sales increased by 11.5% sequentially from Q4 2024 but decreased by 4.4% compared to Q1 2024 [2] - Gross profit rose to $1.03 billion, a 16.6% increase from Q4 2024, but down 8.4% from Q1 2024 [2] - The company reported a pretax income of $262.4 million, up 96.6% from Q4 2024 but down 33.8% from Q1 2024 [2][5] Operational Highlights - Reliance sold a record 1.63 million tons in Q1 2025, reflecting a 9.0% year-over-year increase and a 12.8% increase from Q4 2024 [4][7] - The average selling price per ton sold decreased slightly by 1.2% compared to Q4 2024, primarily due to a shift in product mix [4][5] - The company’s non-GAAP FIFO gross profit margin expanded to 30.4% from 28.8% in Q4 2024 [4] Market Demand - Demand for non-residential construction, Reliance's largest end market, improved, with expectations for continued healthy levels in Q2 2025 [8] - Broader manufacturing sector demand increased, particularly in industrial machinery and heavy construction equipment [9] - Demand in the semiconductor market remained depressed, with expectations for continued pressure in Q2 2025 [13] Balance Sheet and Cash Flow - As of March 31, 2025, Reliance had cash and cash equivalents of $277.8 million and total debt of $1.48 billion [14] - The company generated cash flow from operations of $64.5 million, a decrease of 86.4% from Q4 2024 [15] - Reliance's net debt-to-total capital ratio stood at 14.4% [2] Shareholder Returns - The company declared a quarterly cash dividend of $1.20 per share, marking a 9.1% increase from the previous quarter [16] - Reliance has repurchased approximately 16.3 million shares since 2020, totaling $3.2 billion [17] Business Outlook - Reliance anticipates stable demand across diversified end markets in Q2 2025, with tons sold expected to be down 1.0% to up 1.0% compared to Q1 2025 [19] - The company expects its average selling price per ton sold to increase by 1% to 3% in Q2 2025 [19] - Non-GAAP earnings per diluted share are projected to be in the range of $4.50 to $4.70 for Q2 2025 [19]

Wall Street expects a year-over-year decline in earnings on lower revenues when Reliance (RS) reports results for the quarter ended March 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 23, 2025, might help the stock move higher if these key numbers are better than expectations ...

Company Overview - Reliance, Inc. is a leading global diversified metal solutions provider and the largest metals service center company in North America, founded in 1939 [3] - The company operates a network of 320 locations across 41 states and 10 countries outside the United States, serving over 125,000 customers in various industries [3] - Reliance focuses on small orders with quick turnaround and value-added processing services, with an average order size of $2,980 in 2024 [3] Financial Results Announcement - Reliance, Inc. will report its first quarter 2025 financial results for the period ended March 31, 2025, on April 23, 2025, after market close [1] - A conference call to discuss the financial results will be held on April 24, 2025, at 11:00 a.m. Eastern Time, and will be available via live webcast [2] Conference Call Details - The conference call will be accessible through dial-in numbers for U.S. and Canada (877) 407-0792 and international (201) 689-8263, with a conference ID of 13752652 [2] - A replay of the call will be available starting April 24, 2025, at 2:00 p.m. Eastern Time until May 8, 2025 [2]

Reliance, Inc.’s (RS) shares have gained 10.6% over the past three months. The company has also outperformed the Zacks Mining – Miscellaneous industry’s 6% rise over the same time frame. Let’s take a look into the factors that are driving RS stock. Image Source: Zacks Investment ResearchHealthy End-Market Demand & Acquisitions Aid RS StockReliance is benefiting from continued strength in non-residential construction, its largest end market. Demand improved in this market in the fourth quarter from the year- ...

Reliance, Inc. (RS) benefits from a diversified business model and product base, growth through strategic acquisitions and strong liquidity amid headwinds from pricing weakness.RS’ shares have declined 9.1% in the past year compared with the Zacks Mining – Miscellaneous industry’s 6.9% 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 serving diverse ...

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, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES For the transition period from _______ to _______ Commission file number: 001-13122 95-1142616 (I.R.S. Employer Identification No.) 16100 N. 71st Street, Suite 400 Scottsdale, Arizona 85254 (Addres ...

Reliance, Inc. (RS) posted profits of $105.3 million or $1.93 per share in the fourth quarter of 2024, down from $272.7 million or $4.70 per share in the year-ago quarter. Barring one-time items, RS recorded earnings of $2.22 per share, down from $4.73 a year ago. It lagged the Zacks Consensus Estimate of $2.74.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The company recorded net sales of $3,126.6 million, down 6.3% year over year. The top line beat the Zacks Consensus Estimate of ...

Not for distribution to U.S. Newswire Services or for dissemination in the United States. TORONTO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- (TSX: RS, RS.PR.A) Real Estate Split Corp. (the “Company”) is pleased to announce it has renewed its at-the-market equity program (“ATM Program”) that allows the Company to issue Class A and Preferred Shares (the “Class A Shares” and “Preferred Shares”, respectively) to the public from time to time, at the Company’s discretion. Any Class A Shares or Preferred Shares sold in th ...