Reliance, Inc. Reports Fourth Quarter and Full Year 2024 Financial Results
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Reliance, Inc. reported strong financial results for 2024, with significant cash flow, stock repurchases, and increased dividends. The company achieved $13.84 billion in net sales and a gross profit margin of 29.7%. Reliance also completed four acquisitions and increased its quarterly dividend by 9.1%.
February 19, 2025 | 9:30 pm
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Reliance, Inc. reported strong 2024 financial results with $13.84 billion in net sales, a 29.7% gross profit margin, and a 9.1% increase in quarterly dividends. The company also repurchased $1.09 billion in stock, reducing outstanding shares by 6%.
The strong financial performance, including high net sales, a solid gross profit margin, and increased dividends, is likely to positively impact Reliance's stock price. The significant stock repurchase and reduction in outstanding shares further enhance shareholder value.
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