2024-02-18 05:12:20 ET
Summary
- Reliance Steel shares reach all-time highs despite lower sales and earnings in 2023, after peak performance in 2022.
- The company's niche operations and strong track record make it an attractive long-term business model and investment.
- Reliance Steel rebrands and makes two recent acquisitions, signaling more momentum in the works.
Shares of Reliance Steel & Aluminum Co. ( RS ) have risen to fresh all-time highs in a convincing way as the company ended 2023 on a solid note, even as sales and earnings were down from an exceptionally strong 2022....
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Reliance Steel & Aluminum: A Very Reliable Operator