earnings
confidence high
sentiment positive
materiality 0.75
Reliance Q4 net sales $3.13B, non-GAAP EPS $2.22; dividend +9.1% to $1.20; Q1 guide $3.30-$3.50
RELIANCE, INC.
2024-FY EPS reported
$15.56
revenue$13,835,000,000
- Q4 net sales $3.13B (-8.6% seq, -6.3% YoY); GAAP EPS $1.93; non-GAAP EPS $2.22.
- FY 2024 net sales $13.84B (-6.6% YoY); GAAP EPS $15.56; non-GAAP EPS $15.92; cash from ops $1.43B.
- Quarterly dividend raised 9.1% to $1.20/share ($4.80 annual); record $1.09B share repurchases in 2024 (6% share reduction).
- Q1 2025 guide: tons sold +6-8% seq; non-GAAP EPS $3.30-$3.50; pricing expected stable.
- Completed 4 acquisitions in 2024 ($364.6M); demand strong in non-residential construction, steady in aerospace and automotive.