Reliance Steel & Aluminum Co. (NYSE:RS) Q4 2023 Earnings Conference Call February 15, 2024 11:00 AM ET

Company Participants

Kim Orlando – ADDO Investor Relations

Karla Lewis – President and Chief Executive Officer

Steve Koch – Executive Vice President and Chief Operating Officer

Arthur Ajemyan – Senior Vice President and Chief Financial Officer

Conference Call Participants

Katja Jancic – BMO Capital Markets

Phil Gibbs – KeyBanc Capital Markets

Martin Englert – Seaport Research Partners

Operator

Greetings, and welcome to Reliance Inc. Fourth Quarter and Full Year 2023 Earnings Conference Call. At this time all participants are in a listen-only mode. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce Kim Orlando, ADDO Investor Relations. Thank you. You may begin.

Kim Orlando

Thank you, operator. Good morning, and thanks to all of you for joining our conference call to discuss Reliance’s fourth quarter and full year 2023 financial results. I am joined by Karla Lewis, President and Chief Executive Officer; Steve Koch, Executive Vice President and Chief Operating Officer; and Arthur Ajemyan, Senior Vice President and Chief Financial Officer. A recording of this call will be posted on the Investors section of our website at investor.reliance.com.

Please read the forward-looking statement disclosures included in our earnings release issued this morning, and note that it applies to all statements made during this teleconference. The reconciliations of the adjusted numbers are included in the non-GAAP reconciliation part of our earnings release.

I will now turn the call over to Karla Lewis, President and CEO of Reliance.

Karla Lewis

Good morning, everyone, and thank you for joining us today to discuss our fourth quarter and full year 2023 results. Before I dive into our performance, I’d like to begin by highlighting today’s exciting announcement of our corporate name change to Reliance, Inc. To coincide with this announcement, please note that our website has also been updated to reflect our new domain name, reliance.com.

Over the years, retaining the words Steel and Aluminum in our corporate name has limited the perception of our company because Reliance has evolved to be so much more than metal. We are a family of companies committed to providing diversified metal solutions and increasing levels of value to our customers, opportunities to our employees and returns to our stockholders.

Reliance has made investments in our business far in excess of our peers while consistently generating industry-leading results. We have become stronger and more diversified, collaborative and focused as we further differentiate Reliance as a best-in-class company. We believe these developments, as well as our long-standing reputation for credibility with all of our stakeholders, have made Reliance a name that stands alone. We are proud of our 85-year history and 30 years as a public company and will remain anchored to our core business model and values as we move forward into the future.