Reliance, Inc. Celebrates 30 Years on NYSE with Bell Ringing

Reliance, Inc. Celebrates Major Milestone at NYSE

Reliance, Inc. (NYSE: RS) is poised to mark a significant achievement as it celebrates its 30th anniversary on the New York Stock Exchange. This exciting event will feature the company's President and CEO, Karla Lewis, ringing the closing bell on a special day set aside for honoring this incredible journey. The ceremony signifies more than just a tradition; it reflects the company's growth and adaptability in the ever-evolving marketplace.

A Tribute to Success

Mrs. Lewis expressed her heartfelt pride in celebrating this milestone. "Ringing the NYSE closing bell is truly an honor as we reflect on our journey of 30 years as a publicly traded company and even more as we acknowledge our 85 years of excellence in the industry. This achievement would not have been possible without the unwavering commitment of our dedicated team across the Reliance family. Their hard work is the backbone of our accomplishments."

Recognizing Contributions

Throughout its history, Reliance has consistently focused on delivering diverse metal solutions while ensuring an environment that prioritizes safety for its employees. This commitment has not only enhanced customer satisfaction but has also generated strong returns for stockholders. As the company looks towards the future, Mrs. Lewis indicates a sense of excitement and optimism, underlining their ongoing plans to refine and bolster their unique business model.

Significant Growth Trajectory

Since its debut on the NYSE back in 1994, Reliance has undergone remarkable growth. Initially priced at $14.50 per share, the company has seen its stock climb dramatically. Currently, shares of Reliance have reached a closing price of $272.22, demonstrating a substantial total compound annual growth rate of approximately 17.1% over the last three decades. This impressive growth surpasses the S&P 500, showcasing the robust performance of Reliance in the marketplace.

Expanding Market Reach

Reliance has developed into the leading metals service center company in North America, achieving over $14.8 billion in annual sales by 2023. The company operates through an expansive network of more than 320 locations across 41 states and several international markets. Reliance prides itself on its ability to handle small orders swiftly and integrate value-added processing services, catering to a diverse clientele of over 125,000 customers.

About Reliance, Inc.

Founded in 1939, Reliance, Inc. stands at the forefront of metal solutions globally. The company emphasizes efficiency, with an average order size of approximately $3,210 and a remarkable rate of 40% of orders being delivered within 24 hours. Reliance is not only a trusted supplier but also an essential partner for many industries, further solidifying its reputation for reliability.

Contact Information

For those seeking more information about Reliance, Inc. or wishing to connect, please reach out via phone at (213) 576-2428 or through email at investor@reliance.com. You can also contact Addo Investor Relations at (310) 829-5400 for further assistance.

Frequently Asked Questions

What is the significance of ringing the closing bell at the NYSE?

Ringing the closing bell symbolizes a celebration of the company's achievements and milestones, highlighting its success as a publicly traded entity.

How has Reliance, Inc. performed since its IPO?

Reliance has shown impressive growth, with its stock price increasing significantly since its IPO in 1994, achieving a compound annual growth rate of approximately 17.1%.

What are some key services offered by Reliance, Inc.?

Reliance offers a range of diversified metal solutions, focusing on small orders with quick turnaround times and value-added processing services.

How many locations does Reliance, Inc. operate?

Reliance operates more than 320 locations across 41 states and 12 countries outside of the United States.

What is the future outlook for Reliance, Inc.?

The company is committed to enhancing its business model and is optimistic about continuing its trajectory of growth and success in the market.

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