BMO Capital Markets initiated coverage on Reliance Steel with a new price target
$RS
Metal Fabrications
Industrials
BMO Capital Markets initiated coverage of Reliance Steel with a rating of Outperform and set a new price target of $230.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/8/2025 | Underperform → Peer Perform | Wolfe Research | |
| 12/2/2024 | $341.00 | Neutral | Goldman |
| 7/26/2024 | $262.00 | Peer Perform → Underperform | Wolfe Research |
| 4/11/2024 | $380.00 | Buy → Neutral | Citigroup |
| 4/28/2023 | Outperform → Peer Perform | Wolfe Research | |
| 1/4/2023 | $231.00 | Neutral | BofA Securities |
| 10/6/2022 | $218.00 → $201.00 | Buy → Neutral | Goldman |
| 8/15/2022 | $230.00 | Outperform | BMO Capital Markets |
-- Net sales of $3.48 billion with record tons sold, up 9.0% year-over-year (same-store tons sold up 5.6%) -- Strong gross profit margin of 29.7% -- EPS of $3.74; non-GAAP EPS of $3.77 -- Repurchased $253.2 million of common stock SCOTTSDALE, Ariz., April 23, 2025 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) today reported its financial results for the first quarter ended March 31, 2025. (in millions, except tons sold which are in thousands, per ton and per share amounts) Sequential Quarter Year-Over-Year Q1 2025* Q4 2024 % Change Q1 2024 % ChangeIncome Statement Data: Net sales$3,484.7 $3,126.6 11.5% $3,644.8 (4.4%)Gross profit1$1,033.3 $886.1 16.6%
SCOTTSDALE, Ariz., April 09, 2025 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) announced today that it will report first quarter 2025 financial results for the period ended March 31, 2025, on Wednesday, April 23, 2025, after the market closes. Reliance management will host a conference call on Thursday, April 24, 2025, 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 reliance.com. Reliance, Inc. First Quarter 2025 Conference Call Details DATE:Thursday, April 24, 2025 TIME:8:00 a.m. Pacific Time10:00 a.m. Central Time11:00 a.m. Eastern Time DIAL-IN:(877) 407-0792 (U.S. and Canada)(201) 689-8263 (Inte
- Third highest annual cash flow from operations of $1.43 billion - Repurchased record $1.09 billion of common stock in 2024; outstanding shares down 6% - Annual net sales of $13.84 billion with tons sold up 4.0% (same-store tons sold up 1.0%) - Strong annual gross profit margin of 29.7% - Annual EPS of $15.56; non-GAAP EPS of $15.92 - Completed four acquisitions in 2024 - Increased quarterly dividend 9.1% to $1.20 per share (annual: $4.80) - Stronger than anticipated fourth quarter operating results excluding non-recurring and year-end LIFO adjustments SCOTTSDALE, Ariz., Feb. 19, 2025 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) today reported its financial results for the fourth