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 ...

Reliance Steel & Aluminum Co. (NYSE:RS) Q4 2023 Earnings Conference Call February 15, 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 Katja Jancic – BMO Capital Markets Phil Gibbs – KeyBanc Capital Markets Martin Englert – Seaport Research Partners Operator Greetings, a ...

Reliance, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results and Unveils Corporate Rebranding − Second highest annual EPS of $22.64; fourth quarter EPS of $4.70 − Second highest annual cash flow from operations of $1.67 billion − Repurchased $479.5 million of common stock in 2023 − Increased quarterly dividend 10.0% to $1.10 per share (annual: $4.40) − Completed acquisition of Cooksey Iron & Metal Company on February 1, 2024 − Announced pending acquisition of American Alloy Steel, Inc. on Febr ...

Reliance Steel & Aluminum Co. (RS) has signed a definitive agreement to purchase all of American Alloy Steel, Inc.'s outstanding equity interests and related real estate assets.American Alloy operates five service centers and a plate fabrication business in the United States. It also has a joint venture in Canada. It supplies to customers in the United States, Canada and Mexico, as well as certain foreign markets, and serves military, infrastructure, power generating, utility, refining, petrochemical and mi ...

-  Second highest annual EPS of $22.64; fourth quarter EPS of $4.70 -  Second highest annual cash flow from operations of $1.67 billion -  Repurchased $479.5 million of common stock in 2023 -  Increased quarterly dividend 10.0% to $1.10 per share (annual: $4.40) -  Completed acquisition of Cooksey Iron & Metal Company on February 1, 2024 -  Announced pending acquisition of American Alloy Steel, Inc. on February 14, 2024 -  Rebranding to Reliance, Inc. to reflect the Company's 85-year evolution through diver ...

SCOTTSDALE, Ariz., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced that it has entered into a definitive agreement to acquire all of the outstanding equity interests and related real estate assets of American Alloy Steel, Inc. ("American Alloy"), a leading distributor of specialty carbon and alloy steel plate and round bar, including pressure vessel quality (PVQ) material. Headquartered in Houston, Texas and founded in 1971, American Alloy operates five service centers in ...

Reliance Steel & Aluminum Co. (RS) stated that it has acquired all the outstanding equity interests of Cooksey Iron & Metal Co. The terms of the deal were not disclosed.Cooksey is a metals service center that processes and distributes finished steel products, including tubing, beams, plates and bars. Founded in 1917 and headquartered in Tifton, GA, it operates in Georgia, Florida, Alabama and South Carolina, serving a diverse range of customers such as trailer manufacturers, metal building fabricators, agri ...

SCOTTSDALE, Ariz., Feb. 02, 2024 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced that it has acquired all the outstanding equity interests of Cooksey Iron & Metal Co., Inc. ("Cooksey"), a metals service center that processes and distributes finished steel products, including tubing, beams, plates and bars. Headquartered in Tifton, Georgia and founded in 1917, Cooksey operates three locations, servicing a diverse range of customers including trailer manufacturers, metal building fabrica ...

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. Reliance Steel & A ...

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. Reliance Steel & A ...