Reliance Historical Income Statement

RS Stock  USD 336.90  5.52  1.67%   
Historical analysis of Reliance Steel income statement accounts such as Other Operating Expenses of 13.7 B, Operating Income of 1.8 B or EBIT of 1.8 B can show how well Reliance Steel Aluminum performed in making a profits. Evaluating Reliance Steel income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Reliance Steel's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Reliance Steel Aluminum latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Reliance Steel Aluminum is a good buy for the upcoming year.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Steel Aluminum. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

About Reliance Income Statement Analysis

Reliance Steel Aluminum Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Reliance Steel shareholders. The income statement also shows Reliance investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Reliance Steel Income Statement Chart

Reliance Steel Aluminum Income Statement is one of the three primary financial statements used for reporting Reliance's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Reliance Steel Aluminum revenue and expense. Reliance Steel Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Reliance Steel's Income Before Tax is comparatively stable compared to the past year. Total Other Income Expense Net is likely to gain to about 1.3 M in 2024, whereas Total Operating Expenses is likely to drop slightly above 1.3 B in 2024.

Total Revenue

Total revenue comprises all receipts Reliance Steel Aluminum generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Reliance Steel Aluminum minus its cost of goods sold. It is profit before Reliance Steel operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Reliance Steel Aluminum. It is also known as Reliance Steel overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from Reliance Steel Aluminum operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Reliance Steel Aluminum is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most accounts from Reliance Steel's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Reliance Steel Aluminum current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Steel Aluminum. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
At this time, Reliance Steel's Income Before Tax is comparatively stable compared to the past year. Total Other Income Expense Net is likely to gain to about 1.3 M in 2024, whereas Total Operating Expenses is likely to drop slightly above 1.3 B in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit4.5B5.3B4.3B4.5B
Total Revenue14.1B17.0B14.8B15.5B

Reliance Steel income statement Correlations

0.670.540.560.580.30.310.370.530.890.27-0.570.280.220.870.080.33-0.35-0.260.440.15-0.250.410.11-0.41
0.670.330.280.39-0.020.00.050.350.65-0.06-0.37-0.06-0.040.570.54-0.070.190.380.27-0.180.04-0.22-0.360.03
0.540.330.981.00.910.910.941.00.760.9-0.230.890.840.8-0.50.790.0-0.62-0.260.7-0.290.530.7-0.67
0.560.280.980.970.940.940.960.970.770.93-0.350.930.860.81-0.550.84-0.1-0.68-0.250.74-0.340.620.73-0.75
0.580.391.00.970.870.870.91.00.780.86-0.220.860.80.81-0.440.750.02-0.58-0.230.64-0.280.490.67-0.65
0.3-0.020.910.940.871.01.00.880.581.0-0.260.990.950.64-0.750.94-0.05-0.77-0.430.89-0.290.680.8-0.73
0.310.00.910.940.871.01.00.890.591.0-0.270.990.950.65-0.740.94-0.05-0.76-0.430.89-0.30.680.8-0.73
0.370.050.940.960.91.01.00.910.640.99-0.30.990.940.69-0.720.93-0.08-0.76-0.370.87-0.320.690.8-0.75
0.530.351.00.971.00.880.890.910.750.87-0.180.870.830.79-0.470.760.05-0.59-0.270.67-0.260.490.69-0.63
0.890.650.760.770.780.580.590.640.750.55-0.510.560.50.99-0.080.63-0.08-0.290.040.45-0.220.40.22-0.51
0.27-0.060.90.930.861.01.00.990.870.55-0.231.00.950.61-0.770.94-0.05-0.78-0.450.89-0.30.680.82-0.73
-0.57-0.37-0.23-0.35-0.22-0.26-0.27-0.3-0.18-0.51-0.23-0.22-0.23-0.470.07-0.320.540.2-0.33-0.310.12-0.44-0.010.51
0.28-0.060.890.930.860.990.990.990.870.561.0-0.220.910.62-0.750.94-0.08-0.77-0.460.86-0.30.680.83-0.73
0.22-0.040.840.860.80.950.950.940.830.50.95-0.230.910.55-0.780.860.06-0.74-0.380.95-0.270.630.76-0.69
0.870.570.80.810.810.640.650.690.790.990.61-0.470.620.55-0.160.69-0.09-0.36-0.010.5-0.270.420.31-0.56
0.080.54-0.5-0.55-0.44-0.75-0.74-0.72-0.47-0.08-0.770.07-0.75-0.78-0.16-0.70.150.860.36-0.810.38-0.72-0.860.53
0.33-0.070.790.840.750.940.940.930.760.630.94-0.320.940.860.69-0.7-0.08-0.7-0.450.9-0.240.690.67-0.68
-0.350.190.0-0.10.02-0.05-0.05-0.080.05-0.08-0.050.54-0.080.06-0.090.15-0.080.47-0.480.00.16-0.59-0.260.44
-0.260.38-0.62-0.68-0.58-0.77-0.76-0.76-0.59-0.29-0.780.2-0.77-0.74-0.360.86-0.70.470.05-0.710.41-0.91-0.90.69
0.440.27-0.26-0.25-0.23-0.43-0.43-0.37-0.270.04-0.45-0.33-0.46-0.38-0.010.36-0.45-0.480.05-0.38-0.130.12-0.270.07
0.15-0.180.70.740.640.890.890.870.670.450.89-0.310.860.950.5-0.810.90.0-0.71-0.38-0.240.650.67-0.67
-0.250.04-0.29-0.34-0.28-0.29-0.3-0.32-0.26-0.22-0.30.12-0.3-0.27-0.270.38-0.240.160.41-0.13-0.24-0.33-0.460.18
0.41-0.220.530.620.490.680.680.690.490.40.68-0.440.680.630.42-0.720.69-0.59-0.910.120.65-0.330.68-0.62
0.11-0.360.70.730.670.80.80.80.690.220.82-0.010.830.760.31-0.860.67-0.26-0.9-0.270.67-0.460.68-0.64
-0.410.03-0.67-0.75-0.65-0.73-0.73-0.75-0.63-0.51-0.730.51-0.73-0.69-0.560.53-0.680.440.690.07-0.670.18-0.62-0.64
Click cells to compare fundamentals

Reliance Steel Account Relationship Matchups

Reliance Steel income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization221.3M310.6M231.8M226M245.4M126.8M
Interest Expense85M62.9M62.7M62.3M40.1M48.2M
Total Revenue11.0B8.8B14.1B17.0B14.8B15.5B
Gross Profit3.3B2.8B4.5B5.3B4.3B4.5B
Other Operating Expenses10.0B8.1B12.1B14.5B13.1B13.7B
Operating Income1.0B565.8M1.9B2.5B1.7B1.8B
Ebit1.0B565.8M1.9B2.5B1.7B1.8B
Ebitda1.2B876.4M2.2B2.7B2.0B2.1B
Cost Of Revenue7.6B6.0B9.6B11.8B10.5B11.0B
Total Operating Expenses2.3B2.1B2.5B2.7B2.6B1.3B
Income Before Tax929.3M478.2M1.9B2.4B1.7B1.8B
Total Other Income Expense Net(84.2M)(87.6M)(65.8M)(76.5M)1.2M1.3M
Net Income701.5M369.1M1.4B1.8B1.3B1.4B
Income Tax Expense223.2M105.8M465.7M586.2M400.6M420.6M
Selling General Administrative2.1B1.9B2.3B2.5B2.6B1.3B
Net Income Applicable To Common Shares701.5M369.1M1.4B1.8B2.1B2.2B
Minority Interest4.6M3.3M(4.4M)(4.1M)(4.2M)(4.0M)
Net Income From Continuing Ops706.1M372.4M1.4B1.8B1.3B724.8M
Non Operating Income Net Other(700K)800K(24.7M)(3.1M)(2.8M)(2.7M)
Selling And Marketing Expenses12.8M(13.4M)(14.4M)(15.7M)(16.9M)(16.1M)
Non Recurring37M1.2M108M4.7M5.4M5.1M
Tax Provision223.2M105.8M465.7M586.2M400.6M270.8M
Interest Income89.1M62.9M62.7M62.3M35.2M49.9M
Net Interest Income(158.9M)(62.9M)(62.7M)(62.3M)(103.3M)(108.5M)
Reconciled Depreciation219.3M227.3M230.2M240.2M245.4M250.8M

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When determining whether Reliance Steel Aluminum is a strong investment it is important to analyze Reliance Steel's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Reliance Steel's future performance. For an informed investment choice regarding Reliance Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Steel Aluminum. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

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When running Reliance Steel's price analysis, check to measure Reliance Steel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Reliance Steel is operating at the current time. Most of Reliance Steel's value examination focuses on studying past and present price action to predict the probability of Reliance Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reliance Steel's price. Additionally, you may evaluate how the addition of Reliance Steel to your portfolios can decrease your overall portfolio volatility.
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Is Reliance Steel's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Reliance Steel. If investors know Reliance will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Reliance Steel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.20)
Dividend Share
4
Earnings Share
22.63
Revenue Per Share
253.839
Quarterly Revenue Growth
(0.08)
The market value of Reliance Steel Aluminum is measured differently than its book value, which is the value of Reliance that is recorded on the company's balance sheet. Investors also form their own opinion of Reliance Steel's value that differs from its market value or its book value, called intrinsic value, which is Reliance Steel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Reliance Steel's market value can be influenced by many factors that don't directly affect Reliance Steel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Reliance Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Reliance Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Reliance Steel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.