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Reliance(RS) - 2023 Q4 - Earnings Call Presentation
2024-02-16 01:45
Reliance, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results and Unveils Corporate Rebranding − Second highest annual EPS of $22.64; fourth quarter EPS of $4.70 − Second highest annual cash flow from operations of $1.67 billion − Repurchased $479.5 million of common stock in 2023 − Increased quarterly dividend 10.0% to $1.10 per share (annual: $4.40) − Completed acquisition of Cooksey Iron & Metal Company on February 1, 2024 − Announced pending acquisition of American Alloy Steel, Inc. on Febr ...
Reliance Steel & Aluminum (RS) to Buy American Alloy Steel
Zacks Investment Research· 2024-02-15 21:11
公司收购 - Reliance Steel & Aluminum Co. (RS)签署了购买American Alloy Steel, Inc.全部股权和相关房地产资产的最终协议[1] - American Alloy在美国经营五个服务中心和一家板材加工业务,还在加拿大拥有一家合资企业[2] 业务扩展 - American Alloy的年度净销售额约为3.1亿美元,将扩大Reliance Steel在燃烧、切割、轧制和倒角等领域的增值加工能力[3] - American Alloy通过特种碳钢板和新的生产能力扩展了Reliance Steel的产品组合,预计将继续发展American Alloy业务,特别是在增值加工方面[4]
Reliance, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results and Unveils Corporate Rebranding
Newsfilter· 2024-02-15 19:50
- Second highest annual EPS of $22.64; fourth quarter EPS of $4.70 - Second highest annual cash flow from operations of $1.67 billion - Repurchased $479.5 million of common stock in 2023 - Increased quarterly dividend 10.0% to $1.10 per share (annual: $4.40) - Completed acquisition of Cooksey Iron & Metal Company on February 1, 2024 - Announced pending acquisition of American Alloy Steel, Inc. on February 14, 2024 - Rebranding to Reliance, Inc. to reflect the Company's 85-year evolution through diversified ...
Reliance Steel & Aluminum Co. Agrees to Acquire American Alloy Steel, Inc.
Newsfilter· 2024-02-14 19:50
公司收购 - Reliance Steel & Aluminum Co.宣布将收购American Alloy Steel, Inc.,一家主要分销特种碳合金钢板和圆钢的公司[1] - 预计交易将在接下来的60天内完成,交易条款未透露[2] 公司背景 - American Alloy Steel, Inc.总部位于德克萨斯州休斯顿,成立于1971年,拥有五家服务中心和一家板材加工业务[1] - American Alloy Steel, Inc.在2023年的年度净销售额约为3.1亿美元[1] - Reliance Steel & Aluminum Co.总裁兼首席执行官Karla Lewis表示,对American Alloy的收购表示欢迎,并期待继续发展其业务[2] Reliance Steel & Aluminum Co. - Reliance Steel & Aluminum Co.成立于1939年,是北美最大的金属服务中心公司,通过超过315个地点在40个州和12个国家提供金属加工服务[3] - Reliance Steel & Aluminum Co.的平均订单金额为3,670美元,约50%的订单包含增值加工,约40%的订单在24小时内交付[3] 前瞻性陈述 - 公司声明中包含了关于未来业绩和收购American Alloy的前瞻性陈述,同时提到了相关风险和不确定性[4]
Reliance Steel & Aluminum (RS) Buys Cooksey Iron & Metal
Zacks Investment Research· 2024-02-05 20:46
Reliance Steel & Aluminum Co. (RS) stated that it has acquired all the outstanding equity interests of Cooksey Iron & Metal Co. The terms of the deal were not disclosed. Cooksey is a metals service center that processes and distributes finished steel products, including tubing, beams, plates and bars. Founded in 1917 and headquartered in Tifton, GA, it operates in Georgia, Florida, Alabama and South Carolina, serving a diverse range of customers such as trailer manufacturers, metal building fabricators, agr ...
Reliance Steel & Aluminum Co. Acquires Cooksey Iron & Metal Co., Inc.
Newsfilter· 2024-02-02 19:50
SCOTTSDALE, Ariz., Feb. 02, 2024 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced that it has acquired all the outstanding equity interests of Cooksey Iron & Metal Co., Inc. ("Cooksey"), a metals service center that processes and distributes finished steel products, including tubing, beams, plates and bars. Headquartered in Tifton, Georgia and founded in 1917, Cooksey operates three locations, servicing a diverse range of customers including trailer manufacturers, metal building fabrica ...
Reliance Steel & Aluminum Co. to Announce Fourth Quarter and Full Year 2023 Results on Thursday, February 15th
Newsfilter· 2024-02-01 19:50
公司概况 - Reliance Steel & Aluminum Co. (NYSE:RS)将于2024年2月15日公布截至2023年12月31日的第四季度和全年财务业绩[1] - Reliance Steel & Aluminum Co.成立于1939年,是北美最大的金属服务中心公司,通过全球约315个地点在40个州和12个国家提供金属加工服务和分销超过10万种金属产品[2] 公告信息 - 公司管理层将于当天上午11:00举行电话会议,会议将在公司网站的投资者部分直播[1]
Reliance Steel & Aluminum Co. to Announce Fourth Quarter and Full Year 2023 Results on Thursday, February 15th
GlobeNewsWire· 2024-02-01 19:50
SCOTTSDALE, Ariz., Feb. 01, 2024 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it will report fourth quarter and full year 2023 financial results for the period ended December 31, 2023, on Thursday, February 15, 2024, at 6:50 a.m. Eastern Time. Reliance management will host a conference call that same day at 11:00 a.m. Eastern Time. The call will be broadcast live over the Internet hosted on the Investors section of the Company's website at www.rsac.com. Reliance Steel & A ...
Should Value Investors Buy Reliance Steel & Aluminum Co. (RS) Stock?
Zacks Investment Research· 2024-01-26 23:46
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Valu ...
Reliance Steel (RS) Shares Up 32% in a Year: What's Driving It?
Zacks Investment Research· 2024-01-10 22:46
RS股价表现 - Reliance Steel & Aluminum Co. (RS)股价在过去一年中上涨了31.8% [1] 市场需求预测 - 公司在主要市场中受益于强劲的基础需求,预计2023年第四季度需求将保持健康 [4] 汽车市场需求增长 - RS在汽车市场的加工服务需求也在同比增长,特别是随着铝的使用量不断增加 [6]