SCOTTSDALE, Ariz., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) today announced the appointment of James K. Kamsickas, 57, to serve as an independent director. Mr. Kamsickas’ term took effect on October 1, 2024 and will expire at the Company’s 2025 Annual Meeting of Stockholders. Following the appointment of Mr. Kamsickas, Reliance’s Board will be comprised of nine members, eight of whom are independent. "We are very excited to welcome Jim to Reliance's Board of Directors and look forward to ...

Reliance, Inc. (RS) has entered into an amended and restated five-year unsecured revolving credit facility worth $1.5 billion. The company expects to use funds borrowed under the facility for general corporate purposes, growth and stockholder returns.The company's improved financial health and upgraded credit ratings after the most recent renewal in 2020 have allowed it to secure more favorable pricing and fewer restrictive covenants. The company believes that this amended and restated credit agreement not ...

SCOTTSDALE, Ariz., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) announced today that effective September 10, 2024, it has entered into an amended and restated $1.5 billion five-year unsecured revolving credit facility (the “Facility”). The Company intends to use funds borrowed under the Facility from time to time for general corporate purposes, growth and stockholder return activities. “We are very pleased with the terms achieved for this new credit facility,” said Karla Lewis, President and ...

SCOTTSDALE, Ariz., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) announced that Karla Lewis, President and Chief Executive Officer, will ring the closing bell at the New York Stock Exchange (“NYSE”) on Thursday, September 19, 2024, to commemorate the Company’s 30th anniversary as a listed company. Reliance corporate officers will also participate in the ceremony. Live coverage of the event will begin on Thursday, September 19, 2024, at 3:55 p.m. ET and will be available for streaming at https ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-13122 Reliance, Inc. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 95-1142616 (I.R.S. Employer Identification No.) (Mark One) ☒ QU ...

Reliance, Inc. (RS) posted profits of $267.8 million or $4.67 per share in the second quarter of 2024, down from $385.1 million or $6.49 per share in the year-ago quarter.Barring one-time items, the company recorded earnings of $4.65 per share. It lagged the Zacks Consensus Estimate of $4.73.The company recorded net sales of $3,643.3 million, down around 6.1% year over year. The top line beat the Zacks Consensus Estimate of $3,603.9 million. Volumes and PricingReliance reported a 4.7% year-over-year increas ...

Reliance, Inc. (NYSE:RS) Q2 2024 Earnings Conference Call July 25, 2024 11:00 AM ET Company Participants Kim Orlando - ADDO Investor Relations Karla Lewis - President and Chief Executive Officer Steve Koch - Executive Vice President and Chief Operating Officer Arthur Ajemyan - Senior Vice President and Chief Financial Officer Conference Call Participants Martin Englert - Seaport Research Partners Philip Gibbs - KeyBanc Capital Markets Timna Tanners - Wolfe Research Katja Jancic - BMO Capital Markets Lawson ...

Reliance (RS) came out with quarterly earnings of $4.65 per share, missing the Zacks Consensus Estimate of $4.73 per share. This compares to earnings of $6.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.69%. A quarter ago, it was expected that this metals service-center company would post earnings of $5.51 per share when it actually produced earnings of $5.30, delivering a surprise of -3.81%.Over the last four quarters, ...

EXHIBIT 99.1 Reliance, Inc. Reports Second Quarter 2024 Financial Results - 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 in July - Completed acquisition of American Alloy Steel, Inc. on April 1, 2024 - Completed acquisition of Mid-West Materials, Inc. on April 1, 2024 | | | | | | | | | | Year | | | Year | | --- | - ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Reliance (RS) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 25. On the other ...