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Dec 31, 2024
Reliance Steel Q4 2024 Earnings Report
Reliance, Inc. reported lower revenue and earnings in Q4 2024 compared to the prior quarter, but results were stronger than anticipated due to better shipment levels and gross profit margin improvements.
Key Takeaways
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.
Revenue of $3.13 billion, down 8.6% from Q3 2024.
Net income declined 47.1% to $105.3 million.
Adjusted EPS of $2.22, down 39.0% from the prior quarter.
Generated $473.3 million in operating cash flow.
Revenue by Segment
Forward Guidance
Reliance anticipates modest demand improvements in Q1 2025, expecting tons sold to increase 6% to 8% sequentially, with pricing stabilizing.
Positive Outlook
- Expected 6% to 8% increase in tons sold for Q1 2025.
- Stable demand in non-residential construction and manufacturing.
- Continued strong demand in aerospace, military, and shipbuilding sectors.
- Improved alignment of replacement costs and inventory costs.
- Anticipated non-GAAP EPS between $3.30 and $3.50 for Q1 2025.
Challenges Ahead
- Ongoing economic uncertainty could impact metals pricing.
- Semiconductor market demand remains under pressure.
- Heavy equipment sector, particularly agriculture, remains weak.
- Potential disruptions from trade policy changes.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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