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Reliance Steel & Aluminum Company (RS)
NYSE:RS
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
3.64Last Year’s EPS
5.3Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: 3.08%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted the company's strong financial performance, effective acquisition strategy, and strategic capital deployment, which outweighed the challenges of declining average selling prices and sector-specific demand weaknesses. Reliance Steel & Aluminum Co. demonstrated resilience and growth in a competitive market.Company Guidance
During the Reliance Steel & Aluminum Co. earnings call for the fourth quarter and full year of 2024, the company reported strong financial performance despite a challenging market environment. The company achieved a full-year gross profit margin of 29.7% and non-GAAP earnings per share of $15.92, driven by strategic growth initiatives and effective pricing management. Reliance successfully integrated four acquisitions in 2024, contributing approximately $400 million in annualized net sales. The company also reported the third-highest annual cash flow from operations in its history at $1.43 billion. Capital expenditures amounted to $430 million, with $365 million allocated to acquisitions, $1.1 billion to share repurchases, and $250 million returned to shareholders through dividends. Looking ahead to 2025, Reliance plans to maintain its gross profit margin within a sustainable range of 29% to 31%, with a capital expenditure budget of $325 million and total cash outlay expected to be between $375 million and $400 million, including carryover projects. The company anticipates a 6% to 8% increase in tons sold in the first quarter of 2025, with non-GAAP earnings per diluted share projected to be between $3.30 and $3.50.Strong Financial Performance
Reliance Steel & Aluminum Co. achieved a full-year gross profit margin of 29.7% and non-GAAP earnings per share of $15.92, demonstrating strong execution in a challenging market.
Successful Acquisitions
The company acquired and integrated four companies in 2024, adding approximately $400 million of net sales annually and broadening its geographic footprint.
Significant Cash Flow
The company generated the third-highest annual cash flow from operations in its history at $1.43 billion.
Market Share Gains
Reliance outperformed the service center industry with a 4% increase in tons sold annually, compared to an industry-wide decrease of 2%.
Strategic Capital Deployment
The company invested $430 million in capital expenditures, $365 million in acquisitions, and $1.1 billion in share repurchases.
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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 |
|---|---|---|---|
| Feb 19, 2025 | $293.62 | $302.66 | +3.08% |
| 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% |
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 Apr 24, 2025, TBA Not Confirmed.
What is Reliance Steel & Aluminum Company (RS) earnings time?
Reliance Steel & Aluminum Company (RS) earnings time is at Apr 24, 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 2025 (Q1) is 3.64.
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