Reliance's (RS) Earnings and Revenues Surpass Estimates in Q4

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 ...