Reliance Steel & Aluminum Co.
RS · NYSE
Company research
Reliance, Inc. (NYSE: RS), formerly known as Reliance Steel & Aluminum Co. until its rebranding in February 2024, is the largest metals service center company in North America and a leading global diversified metal solutions provider, headquartered in Scottsdale, Arizona. Founded in 1939 by Thomas J. Neilan, the company distributes a comprehensive line of over 100,000 metal products — including alloy, aluminum, brass, copper, carbon steel, stainless steel, and titanium — through a network of over 310 locations across 41 U.S. states and 10 countries. Reliance serves more than 125,000 customers across a broad range of end markets, including non-residential construction, general manufacturing, aerospace, energy, transportation, and electronics, with approximately 50% of orders involving value-added metals processing services. Under the leadership of CEO Karla R. Lewis, the company generated approximately $14.8 billion in revenue in 2023, maintains a gross profit margin between 29% and 31%, and has completed 76 acquisitions since its IPO in 1994, reflecting a disciplined growth strategy built on diversification, quick turnaround, and customer proximity.
Research reports
Analyzes RS’s Q1 2026 results, highlighting revenue rising to about US$4.0b and basic EPS to about US$5.13, along with improvement in both metrics over the last six quarters and a trailing net margin around 5.4%. The note explores how these trends could influence investor expectations and tests bullish narratives around data center and industrial demand without committing to a clear buy or sell stance.
SimplyWall.st · November 8, 2025Reliance Steel & Aluminum (RS): Evaluating Valuation After Recent Period of Quiet TradingEvaluates RS after a period of quiet trading, estimating a fair value around US$322.75 and describing the shares as undervalued relative to both their current price and US metals and mining peers. The report compares RS’s price‑to‑earnings ratio to sector and peer averages and argues that the company’s longer‑term fundamentals and shareholder return profile support a constructive view despite recent share price softness.