Earnings ·
Reports Q3 net sales of $5.21B and raises share repurchase authorization to $2.5 billion
RSReliance, Inc.
Reliance reported third-quarter 2026 results with record net sales of $5.21 billion, up 42.8% year-over-year, driven by strong demand in infrastructure and manufacturing. Diluted earnings per share reached $7.84, while non-GAAP diluted EPS rose 120% to $8.02, significantly exceeding management guidance. Pretax income surged 115% to $531.9 million, supported by higher average selling prices and volume growth in tons sold. The company also announced a quarterly cash dividend of $1.25 per share, payable December 4, 2026, to shareholders of record as of November 20, 2026. Additionally, the Board increased the existing share repurchase authorization by approximately $1 billion to $2.5 billion. Reliance is a leading global diversified metal solutions provider and the largest metals service center company in North America.