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Although the basic materials sector suffered significantly due to COVID-19- pandemic-led sluggishness in end markets, companies in this space are recovering with the reopening of industries. And given the market’s current uptrend, we believe betting on mid-cap basic materials stocks Re...
Reliance Steel & Aluminum (NYSE:RS): Q3 Non-GAAP EPS of $6.15 beats by $0.22; GAAP EPS of $6.15 beats by $0.17. Revenue of $3.85B (+84.2% Y/Y) beats by $100M. For further details see: Reliance Steel & Aluminum EPS beats by $0.22, beats on revenue
- Record quarterly net sales of $3.85 billion - Record quarterly gross profit of $1.21 billion driven by strong gross profit margin of 31.5% - LIFO expense of $262.5 million or $3.06 per diluted share - Record quarterly pretax income of $532.6 million and record pretax i...
With the economy's continuing recovery and the resumption of construction activities, steel demand is expected to go up. Therefore, we think it could be wise to bet on quality steel stocks ArcelorMittal (MT) and Reliance Steel (RS). Analysts have recently upgraded their ratings. Read on. ...
LOS ANGELES, Oct. 14, 2021 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it will report third quarter 2021 financial results for the period ended September 30, 2021, on Thursday, October 28, 2021, at 6:50 a.m. Eastern Time. Reliance management will hos...
LOS ANGELES, Oct. 06, 2021 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE: RS) today announced the appointment of Frank J. Dellaquila, 64, to serve as an independent director. Mr. Dellaquila’s term took effect on October 5, 2021 and will expire at the 2022 Annual Meeting...
LOS ANGELES, Oct. 04, 2021 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced today that effective October 1, 2021, it has acquired Merfish United, a leading master distributor of tubular building products in the United States, from One Equity Partners, a middle marke...
Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes tradi...
Good earnings have caused the share price gains to possibly overshoot. Positive news on the proposed infrastructure bill could likely result in additional share price gains in the short term. Now is likely not the best time to buy Reliance Steel shares with a view to a long-term h...
Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes tradi...
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- Net sales of $3.64 billion with tons sold up 4.0% from Q1 2024 - Gross profit margin of 29.8% - EPS of $4.67, non-GAAP EPS of $4.65 - Cash flow from operations of $366.3 million - $519.3 million of share repurchases in Q2 and $165.4 million ...
SCOTTSDALE, Ariz., July 15, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) announced that it has reached an agreement to purchase certain assets of the FerrouSouth division of Ferragon Corporation (“FerrouSouth”), a premier toll processing operation headquartered in Iuka, Missis...
SCOTTSDALE, Ariz., July 11, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) announced today that it will report second quarter 2024 financial results for the period ended June 30, 2024, on Thursday, July 25, 2024, at 6:50 a.m. Eastern Time. Reliance management will host a conference call that s...