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Reliance Steel & Aluminum Company (RS)
NYSE:RS
Holding RS?
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
2.77Last Year’s EPS
4.73Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: -5.19%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Neutral
Reliance Inc. demonstrated strong cash flow and tonnage growth, supported by effective management strategies and active acquisitions. However, significant pricing declines impacted earnings and gross profit margins, with challenges expected to persist into Q4 due to macroeconomic uncertainties.Company Guidance
During the Reliance Inc. Third Quarter 2024 earnings call, the company provided several key metrics and guidance. Despite challenging market conditions, Reliance achieved non-GAAP earnings per diluted share of $3.64, aligning with their guidance. They generated $463.9 million in cash flow from operations and invested $112.8 million in capital expenditures, primarily directed towards growth activities. Reliance completed four acquisitions in 2024 and repurchased $432 million of their common stock, reducing total shares outstanding by nearly 3%. The company maintained a strong balance sheet with a net debt-to-EBITDA ratio of less than 1. For the fourth quarter, Reliance anticipates tons sold to decline by 6% to 8% compared to the third quarter, with average selling prices expected to decrease by 1.5% to 3.5%. Despite short-term pressures, the company remains confident in its long-term growth strategy and ability to deliver stockholder returns.Strong Cash Flow Generation
Generated $463.9 million in cash flow from operations in Q3, driven by strong profitability and effective working capital management.
Increase in Tons Sold
Tons sold increased 7.1% year-over-year, significantly outperforming the service center industry decrease of 1.2%.
Active M&A Strategy
Completed 4 acquisitions in 2024, including the August acquisition of toll processing assets from Ferragon Corporation, supporting growth strategy and product diversification.
Share Repurchase Program
Repurchased $432 million of common stock, reducing total shares outstanding by nearly 3%.
Strong Balance Sheet and Liquidity
Net debt-to-EBITDA ratio of less than 1 and a $1.5 billion share repurchase plan approved by the Board.
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RS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $281.65 | $292.78 | +3.95% |
| Jul 25, 2024 | $291.66 | $305.89 | +4.88% |
| Apr 25, 2024 | $310.12 | $288.93 | -6.83% |
| Feb 15, 2024 | $290.43 | $327.58 | +12.79% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Reliance Steel & Aluminum Company (RS) report earnings?
Reliance Steel & Aluminum Company (RS) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Reliance Steel & Aluminum Company (RS) earnings time?
Reliance Steel & Aluminum Company (RS) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RS EPS forecast?
RS EPS forecast for the fiscal quarter 2024 (Q4) is 2.77.
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