RELIANCE

Reliance Steel & Aluminum Co. Reports Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, October 26, 2023

SCOTTSDALE, Ariz., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE: RS) today reported its financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Demand in commercial aerospace remained strong in the third quarter of 2023, up from both the second quarter of 2023 and third quarter of 2022.
  • Reliance is optimistic commercial aerospace demand will remain healthy in the fourth quarter of 2023 as actual build rates further increase from current levels.
  • Demand for the toll processing services Reliance provides to the automotive market remained consistent with the second quarter of 2023 and increased compared to the third quarter of 2022.
  • A conference call and simultaneous webcast to discuss Reliance’s third quarter 2023 financial results and business outlook will be held on Thursday, October 26, 2023 at 11:00 a.m. Eastern Time / 8:00 a.m. Pacific Time.

MGIS and Reliance Matrix Partner to Offer Specialized Insurance Programs for Doctor Group Practices

Retrieved on: 
Monday, October 2, 2023

MGIS, a leading national insurance program manager that builds specialized insurance programs for doctors, and Reliance Matrix, a leader in financial protection and absence management solutions, have partnered to offer industry-leading disability insurance and specialty coverages to doctor group practices.

Key Points: 
  • MGIS, a leading national insurance program manager that builds specialized insurance programs for doctors, and Reliance Matrix, a leader in financial protection and absence management solutions, have partnered to offer industry-leading disability insurance and specialty coverages to doctor group practices.
  • View the full release here: https://www.businesswire.com/news/home/20231002271920/en/
    “MGIS is the gold standard for well-crafted, well-curated insurance solutions for physician practices,” said Todd Elliott, Senior Vice President and Chief Distribution Officer for Reliance Matrix.
  • “We have partnered with insurance carriers to bring doctor groups the highest quality specialized disability insurance for more than 50 years,” said Jeff Brunken, President of MGIS.
  • Marketed through independent brokers and agents, benefit solutions also include short-term disability, group life and Accidental Death & Dismemberment plans.

ETQ Adds Lotus Clinical Research to Roster of Life Sciences Firms Finding Success with ETQ Reliance Quality Management System

Retrieved on: 
Tuesday, September 19, 2023

BURLINGTON, Mass., Sept.19, 2023 /PRNewswire/ -- ETQ, part of Hexagon, the leading quality management system (QMS) provider, is honored to have Lotus Clinical Research , a leading clinical research organization (CRO), join its roster of life sciences firms that are gaining advantage and reducing risk with ETQ's Reliance QMS serving as the foundational system for its enterprise-wide quality management program.

Key Points: 
  • BURLINGTON, Mass., Sept.19, 2023 /PRNewswire/ -- ETQ, part of Hexagon, the leading quality management system (QMS) provider, is honored to have Lotus Clinical Research , a leading clinical research organization (CRO), join its roster of life sciences firms that are gaining advantage and reducing risk with ETQ's Reliance QMS serving as the foundational system for its enterprise-wide quality management program.
  • "We're always pleased to see how our life sciences customers are able to adapt the ETQ Reliance platform to meet their specific needs, ensure compliance and help them automate core clinical processes, and Lotus Clinical Research stands out as a digital innovator," said David Isaacson, Vice President, Product Marketing ETQ.
  • Lotus is also using the Training Management application within Reliance to manage training requirements and ensure staff fully understand all SOPs.
  • "Thanks to our collaboration with ETQ, we have substantially enhanced the efficiency and effectiveness of our quality management organization.

ETQ Adds Lotus Clinical Research to Roster of Life Sciences Firms Finding Success with ETQ Reliance Quality Management System

Retrieved on: 
Tuesday, September 19, 2023

BURLINGTON, Mass., Sept.19, 2023 /PRNewswire/ -- ETQ, part of Hexagon, the leading quality management system (QMS) provider, is honored to have Lotus Clinical Research , a leading clinical research organization (CRO), join its roster of life sciences firms that are gaining advantage and reducing risk with ETQ's Reliance QMS serving as the foundational system for its enterprise-wide quality management program.

Key Points: 
  • BURLINGTON, Mass., Sept.19, 2023 /PRNewswire/ -- ETQ, part of Hexagon, the leading quality management system (QMS) provider, is honored to have Lotus Clinical Research , a leading clinical research organization (CRO), join its roster of life sciences firms that are gaining advantage and reducing risk with ETQ's Reliance QMS serving as the foundational system for its enterprise-wide quality management program.
  • "We're always pleased to see how our life sciences customers are able to adapt the ETQ Reliance platform to meet their specific needs, ensure compliance and help them automate core clinical processes, and Lotus Clinical Research stands out as a digital innovator," said David Isaacson, Vice President, Product Marketing ETQ.
  • Lotus is also using the Training Management application within Reliance to manage training requirements and ensure staff fully understand all SOPs.
  • "Thanks to our collaboration with ETQ, we have substantially enhanced the efficiency and effectiveness of our quality management organization.

Reliance and NVIDIA Partner to Advance AI in India, for India

Retrieved on: 
Friday, September 8, 2023

NVIDIA will provide access to the most advanced NVIDIA® GH200 Grace Hopper Superchip and NVIDIA DGX™ Cloud , an AI supercomputing service in the cloud.

Key Points: 
  • NVIDIA will provide access to the most advanced NVIDIA® GH200 Grace Hopper Superchip and NVIDIA DGX™ Cloud , an AI supercomputing service in the cloud.
  • The NVIDIA-powered AI infrastructure is the foundation of the new frontier into AI for Reliance Jio Infocomm, Reliance Industries’ telecom arm.
  • To serve India’s vast potential in AI, Reliance will create AI applications and services for their 450 million Jio customers and provide energy-efficient AI infrastructure to scientists, developers and startups across India.
  • “We are delighted to partner with Reliance to build state-of-the-art AI supercomputers in India,” said Jensen Huang, founder and CEO of NVIDIA.

Reliance Matrix to demo patented absence solutions at HR Tech 2023

Retrieved on: 
Wednesday, September 13, 2023

An interactive demonstration of the company’s two patented HR Tech solutions will highlight the conference.

Key Points: 
  • An interactive demonstration of the company’s two patented HR Tech solutions will highlight the conference.
  • “Reliance Matrix built its reputation as an employee absence leader on technology enabled service,” said Patrick Trinsey, Chief Marketing Officer of Reliance Matrix, who will emcee the live demo.
  • Absence Radar®, the patented technology that helps collect and surface critical employee absence and productivity information so employers can plan, staff and manage effectively.
  • Together with representatives from select marquee clients, Chief Solutions Officer Gordon Smith will demonstrate Absence Blueprint and other cutting edge solutions, live at HR Tech on Thursday, October 12 at 3 PM Pacific Time, in Demo Theater #1.

Reliance Matrix Launches Absence Mentor

Retrieved on: 
Monday, August 14, 2023

Reliance Matrix, a leading provider of absence and employee benefits insurance and services, has launched Absence Mentor, a successor to the highly respected Matrix-Radar blog introduced eight years ago.

Key Points: 
  • Reliance Matrix, a leading provider of absence and employee benefits insurance and services, has launched Absence Mentor, a successor to the highly respected Matrix-Radar blog introduced eight years ago.
  • View the full release here: https://www.businesswire.com/news/home/20230814325498/en/
    Meet Lumen, your new guide to Absence Mentor, Reliance Matrix's one-stop center for information, insight, and clarity on the dynamic landscape of employee disability and leave legislation, precedent and practice.
  • (Graphic: Business Wire)
    “Absence Mentor is an evolution of the Matrix-Radar blog conceived and launched by Marti Cardi in 2015,” said Nell Walker, Vice President, Deputy General Counsel and Chief Compliance Officer for Reliance Matrix.
  • Even better, she instilled the blog with a conversational, can-do voice, helping thousands of professionals stay compliant and effective even as COVID and proliferating state programs combined to make it harder to follow.”
    The new blog follows the rebrand of Reliance Standard Life Insurance and Matrix Absence Management as Reliance Matrix earlier this year.

Reliance Global Group Achieves 12% Increase in Revenue for the Second Quarter of 2023

Retrieved on: 
Thursday, August 10, 2023

LAKEWOOD, N.J., Aug. 10, 2023 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”), today provided a business update and reported financial results for the second quarter ended June 30, 2023.

Key Points: 
  • LAKEWOOD, N.J., Aug. 10, 2023 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the “Company”), today provided a business update and reported financial results for the second quarter ended June 30, 2023.
  • Ezra Beyman, CEO of Reliance, commented, "We are pleased to report a 12% and 21% year-over-year increase in revenue for the second quarter and first half of 2023 respectively, which primarily reflects the organic growth of the business, having acquired Barra Associates, in April 2022.
  • Since that acquisition and subsequent rebranding as RELI Exchange, we have experienced continued growth of the agency network.
  • We believe this consolidation would immediately boost the Company’s market presence across the U.S. by allowing Reliance Global Group to operate under one brand across all business lines.

LandPark Advisors Acquires Reliance Property Resources, Enhancing Portfolio with Additional Management and Leasing Assignments

Retrieved on: 
Tuesday, August 8, 2023

LandPark Advisors, a leading commercial real estate management, leasing and investment firm, announced today the acquisition of the assets of Reliance Property Resources, a well-respected property management and leasing company based in Houston, Texas.

Key Points: 
  • LandPark Advisors, a leading commercial real estate management, leasing and investment firm, announced today the acquisition of the assets of Reliance Property Resources, a well-respected property management and leasing company based in Houston, Texas.
  • This strategic acquisition allows LandPark to further grow its portfolio, adding a substantial number of management and leasing assignments previously overseen by Reliance Property Resources.
  • “We are thrilled to welcome the Reliance Property Resources team into the LandPark family,” said Jackie Thomas, Executive Vice President of LandPark Advisors.
  • For more information about LandPark Advisors or the acquisition of Reliance Property Resources, please visit www.LandParkCo.com or contact Bill McGrath, President of LandPark Advisors at 713.789.2200 or [email protected] .

Reliance Steel & Aluminum Co. Reports Second Quarter 2023 Financial Results

Retrieved on: 
Thursday, July 27, 2023

SCOTTSDALE, Ariz., July 27, 2023 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE: RS) today reported its financial results for the second quarter ended June 30, 2023.

Key Points: 
  • “Our strong second quarter results were consistent with the first quarter, with diluted earnings per share of $6.49 compared to $6.43 per share in the first quarter of 2023.
  • The Company’s tons sold in the second quarter of 2023 declined 2.4% compared to the prior quarter, reflecting one less shipping day and the impact from the demand pull-forward for carbon steel flat-rolled products experienced in the first quarter of 2023.
  • Demand for the toll processing services Reliance provides to the automotive market increased from both the first quarter of 2023 and the second quarter of 2022.
  • A conference call and simultaneous webcast to discuss Reliance’s second quarter 2023 financial results and business outlook will be held on Thursday, July 27, 2023 at 11:00 a.m. Eastern Time / 8:00 a.m. Pacific Time.