Reliance, Inc. (RS) saw its shares rise by 12.7% over the past three months, outperforming the Mining-Miscellaneous industry’s 9.6% gain and the S&P 500’s 7.4% increase. The company’s shipment levels rose approximately 9% year over year and 5.6% on a same-store basis, driven by strong domestic mill relationships and customer purchases anticipating price increases in carbon steel and aluminum products.
In the first quarter of 2025, Reliance experienced an expansion in gross margins and anticipates demand will remain stable across its diversified end markets, projecting tons sold to increase by 3-5% compared to the previous year. The company declared a 9.1% increase in its quarterly dividend and repurchased 922,656 shares for a total of $253.2 million, ending the quarter with cash flow from operations of $64.5 million and cash equivalents of $277.8 million.
