earnings
confidence high
sentiment negative
materiality 0.75
Reliance Q3 EPS $3.61, down 27.7% YoY; guides Q4 EPS $2.65-$2.85
RELIANCE, INC.
2024-Q3 EPS reported
$13.55
revenue$10,708,400,000
- Net sales $3.42B (-5.6% YoY); tons sold +7.1% but avg selling price -12%
- Non-GAAP EPS $3.64 vs $5.00 a year ago; gross margin 29.4%
- Operating cash flow $463.9M; share repurchases $432M (3% of shares)
- Q4 guidance: tons sold down 6-8% sequentially, non-GAAP EPS $2.65-$2.85
- Completed FerrouSouth toll processing acquisition; declared $1.10/share dividend