Reliance Steel & Aluminum Stock News

LOS ANGELES, April 14, 2022 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it will report first quarter 2022 financial results for the period ended March 31, 2022, on

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Reliance Steel (RS) benefits from healthy demand in major end-use markets and strategic acquisitions.

Reliance Steel (RS) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Reliance Steel & Aluminum (RS) had declared $0.875/share quarterly dividend, 27.3% increase from prior dividend of $0.6875.

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Reliance Steel (RS) benefits from higher pricing and healthy underlying demand in many of its major end markets in Q4.

Reliance Steel & Aluminum Co. (RS) CEO James Hoffman on Q4 2021 Results - Earnings Call Transcript

Reliance Steel & Aluminum Co (NYSE: RS ) reported fourth-quarter sales growth of 86.9% year-over-year to $3.99 billion, beating the consensus of $3.83 billion. The gross margin contracted by 180 bps to 31.2%, and on an adjusted basis, declined by 140 bps to 31.5%. The operating income increased to $562.2 million from $183.4 million a year ago, and the margin expanded by 551 bps to 14.1%. Adjusted EPS improved to $6.83 from $2.01 in 4Q20, beating the consensus of $5.22. Carbon steel sales were $2.37 billion (+104.8% Y/Y), with total tons sold -0.6% Y/Y and an increase of 106.1% in average selling price per ton sold. Stainless … Full story available on Benzinga.com

Reliance Steel (RS) delivered earnings and revenue surprises of 32.11% and 2.95%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

While reporting financial results for the fourth quarter on Thursday, metals service center company Reliance Steel & Aluminum Co. (RS) said it expects adjusted earnings for the first quarter in a range of $7.05 to $7.15 per share, as the company expects its average selling price per ton sold for quarter to be up 5 to 7 percent.

Reliance Steel & Aluminum press release (RS): Q4 Non-GAAP EPS of $6.83 beats by $1.61.Revenue of $3.99B (+87.3% Y/Y) beats by $160M.Guidance: The company estimates non-GAAP…

- Record annual net sales of $14.09 billion - Record annual gross profit of $4.49 billion driven by record annual gross profit margin of 31.9% - Record annual pretax income and margin of $1.88 billion and 13.4% - Record annual EPS of $21.97, non-GAAP EPS of $22.12 - Record quarterly EPS of $6.64, non-GAAP EPS of $6.83 - Repurchased $323.5 million of Reliance common stock in 2021 - Increased quarterly dividend 27.3% to $0.875 per share - Completed four acquisitions with combined annualized sales of $1.0 billion

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Reliance Steel & Aluminum (NYSE:RS) is scheduled to announce Q4 earnings results on Thursday, February 17th, before market open.The consensus EPS Estimate is $5.22 (+159.7% Y/Y) and…