Reliance, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results and Unveils Corporate Rebranding
Reliance(RS) 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 diver ...