Reliance Steel Earnings Reports

Reliance, Inc. posted Q4 2024 revenue of $3.13 billion, down 8.6% sequentially. Net income declined by 47.1% to $105.3 million, with diluted EPS at $1.93. Adjusted EPS stood at $2.22. Despite declining sales, the company maintained solid gross profit margins and generated strong cash flows.

Reliance, Inc. reported Q3 2024 financial results with net sales of $3.42 billion. Tons sold increased by 7.1% compared to Q3 2023. The company achieved an EPS of $3.61 and a non-GAAP EPS of $3.64. Cash flow from operations was $463.9 million. The company completed the acquisition of FerrouSouth toll processing assets on August 16, 2024.

Reliance Steel reported net sales of $3.64 billion for Q2 2024, with a gross profit margin of 29.8%. EPS was $4.67, and non-GAAP EPS was $4.65. The company completed acquisitions of American Alloy Steel and Mid-West Materials in April 2024 and generated $366.3 million in cash flow from operations.

Reliance, Inc. reported net sales of $3.64 billion for Q1 2024. EPS was $5.23 and non-GAAP EPS was $5.30. The company completed three acquisitions in 2024 and saw a 10.3% increase in tons sold compared to the previous quarter.

Reliance, Inc. reported strong financial results for Q4 2023, driven by strength in non-residential construction, aerospace, and general manufacturing end markets. The company's tons sold increased 4.9% year-over-year. They also completed the acquisition of Cooksey Iron & Metal Company and announced the pending acquisition of American Alloy Steel, Inc. Furthermore, the company rebranded to Reliance, Inc.

Reliance Steel & Aluminum Co. reported net sales of $3.62 billion for Q3 2023, with non-GAAP EPS of $5.00. The company saw a 1.1% increase in tons sold compared to Q3 2022 and generated $466.0 million in cash flow from operations.

Reliance Steel & Aluminum Co. reported strong second-quarter results, with net sales of $3.88 billion and EPS of $6.49. The company's performance was driven by healthy end-market demand and effective working capital management, resulting in significant operating cash flow.

Reliance Steel & Aluminum Co. reported strong first quarter results with net sales of $3.97 billion. Shipments were up 17.7% from the prior quarter, and the company achieved a gross profit margin of 30.9%. EPS was $6.43, and non-GAAP EPS was $6.37. The company generated $384.6 million in operating cash flow and repurchased $38.9 million of common stock.

Reliance Steel & Aluminum Co. reported record financial performance in 2022, driven by solid demand and higher metals pricing. The company achieved record net sales, non-GAAP pretax income, and diluted earnings per share. Strong cash generation enabled continued execution of a disciplined capital allocation strategy.

Reliance Steel & Aluminum Co. reported strong Q3 2022 financial results, with net sales of $4.25 billion, a 10.4% increase year-over-year. The company achieved EPS of $6.45 and record quarterly cash flow from operations of $635.7 million. Despite declining metal prices impacting gross profit margin, the company's diverse operations and focus on customer service contributed to the positive results.

Reliance Steel & Aluminum Co. reported record-setting financial performance in Q2 2022. The company achieved all-time high quarterly net sales of $4.68 billion, a gross profit margin of 31.9%, and record quarterly earnings per share of $9.15.

Reliance Steel & Aluminum Co. reported record first quarter results, including record quarterly sales of $4.49 billion and record quarterly gross profit of $1.39 billion, driven by a strong gross profit margin of 30.9%. The company also achieved record quarterly EPS of $8.33 and non-GAAP EPS of $8.42.

Reliance Steel & Aluminum Co. reported record financial performance in Q4 2021, driven by its resilient business model and strong execution. The company's diverse product mix, end markets, and relationships with domestic mill partners contributed to the record results.

Reliance Steel & Aluminum Co. reported record-setting financial results for Q3 2021, with record quarterly net sales of $3.85 billion and record quarterly EPS of $6.15.

Reliance Steel & Aluminum Co. reported record second-quarter financial results, including record net sales of $3.42 billion, gross profit of $1.08 billion, and EPS of $5.08. The company's performance was driven by strong demand in the majority of its end markets, favorable metal pricing, and effective execution by its managers.

Reliance Steel & Aluminum Co. reported record financial results for the first quarter of 2021, driven by a resilient business model and strong execution. The company achieved record gross profit, pretax income, and earnings per share, benefiting from strength in metals pricing and improving demand in many markets.

Reliance Steel & Aluminum Co. reported strong fourth quarter results driven by favorable demand and pricing trends, effective expense management, and superior customer service. The company achieved a record gross profit margin and EPS of $2.01, exceeding expectations.

Reliance Steel & Aluminum Co. reported strong Q3 2020 financial results, driven by its resilient business model, diverse product mix, and decentralized operating structure. The company achieved a record gross profit margin of 32.4% and non-GAAP earnings per diluted share of $1.87.

Reliance Steel & Aluminum Co. reported a strong gross profit margin of 30.4% on net sales of $2.02 billion for Q2 2020. The company generated $475.7 million in cash flow from operations and EPS of $1.24, non-GAAP EPS of $1.36.

Reliance Steel & Aluminum Co. reported a strong start to the year with healthy demand levels through most of the first quarter of 2020. The company's non-GAAP gross profit margin was 31.9%, producing non-GAAP gross profit dollars of $820.5 million on net sales of $2.57 billion, and non-GAAP pretax income of $220.6 million. Non-GAAP earnings per diluted share of $2.45 significantly exceeded first quarter guidance.

Reliance Steel & Aluminum Co. reported strong Q4 2019 results, with EPS of $2.44. The company's unique business model enabled them to achieve record earnings levels, despite demand and pricing pressure. They also acquired Fry Steel Company.