Recent Updates — RS

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.

Reliance, Inc. reported second quarter 2026 financial results with net sales of $4.63 billion, up 15% sequentially and 26.5% year-over-year. Diluted EPS was $6.29, with non-GAAP EPS of $6.27, representing a 42% increase year-over-year. Pretax income rose 41% year-over-year to $429.8 million. Growth was driven by record quarterly tons sold (up 10.8% year-over-year) and contributions from a U.S. Department of Homeland Security border wall contract, which added $0.41 per share. For the third quarter of 2026, the company provided non-GAAP EPS guidance in the range of $6.40 to $6.60. The company is a global diversified metal solutions provider and the largest metals service center company in North America.