Earnings summaries and quarterly performance for RELIANCE.
Executive leadership at RELIANCE.
Board of directors at RELIANCE.
DW
David W. Seeger
Detailed
Director
DW
Douglas W. Stotlar
Detailed
Non-executive Chair of the Board
FJ
Frank J. Dellaquila
Detailed
Director
JK
James K. Kamsickas
Detailed
Director
JG
John G. Sznewajs
Detailed
Director
KW
Karen W. Colonias
Detailed
Director
LL
Lisa L. Baldwin
Detailed
Director
RA
Robert A. McEvoy
Detailed
Director
Research analysts who have asked questions during RELIANCE earnings calls.
KJ
Katja Jancic
BMO Capital Markets
8 questions for RS
Also covers: AA, ARCH, ASTL +9 more
ME
Martin Englert
S&P Global Commodity Insights
7 questions for RS
Also covers: CLF, GSM, NUE +2 more
Philip Gibbs
KeyBanc Capital Markets
5 questions for RS
Also covers: ATI, CLF, CMC +10 more
Bennett Moore
JPMorgan Chase & Co.
4 questions for RS
Also covers: AA, AEM, CRS +5 more
MH
Michael Harris
Goldman Sachs
3 questions for RS
Also covers: CLF, CMC, NUE +1 more
AH
Alex Hacking
Citigroup
2 questions for RS
Also covers: AA, ARCH, CLF +9 more
LW
Lawson Winder
Bank of America
2 questions for RS
Also covers: AA, AEM, CCJ +22 more
MD
Matt Dushkin
Wells Fargo
2 questions for RS
MH
Mike Harris
Goldman Sachs
2 questions for RS
Also covers: CLF, CMC, NUE +1 more
PG
Phil Gibbs
Keybanc Capital Markets
2 questions for RS
Also covers: ATI, CRS, MT +4 more
TT
Timna Tanners
Wolfe Research
2 questions for RS
Also covers: AA, AMRZ, ATI +20 more
JT
John Tumazos
John Tumazos Very Independent Research
1 question for RS
Also covers: AA, AEM, ASM +14 more
Recent press releases and 8-K filings for RS.
Reliance Discusses 2025 Performance, 2026 Outlook, and Strategic Priorities
RS
Guidance Update
New Projects/Investments
M&A
- Reliance reported $14.3 billion in sales for 2025 and achieved record tons shipped in the same year.
- The company aims for a sustainable annual gross profit margin of 29%-31%, noting it dipped slightly below this in 2025 due to pressures in aerospace and semiconductor markets.
- For 2026, the capital expenditure budget is $275 million, primarily allocated to value-added processing equipment, with flexibility to increase based on customer opportunities.
- Management expresses optimism for 2026, anticipating continued improvement in aerospace build rates and modest recovery in the semiconductor business by late 2026 into 2027, while non-residential construction and defense sectors remain strong.
- Reliance maintains a balanced approach to shareholder returns, having increased its dividend for the 33rd time since its IPO and engaging in opportunistic share repurchases.
3 days ago
Reliance Discusses 2025 Performance, 2026 Outlook, and Growth Strategies
RS
New Projects/Investments
M&A
Guidance Update
- Reliance reported $14.3 billion in sales for 2025 and targets a sustainable gross profit margin of 29%-31% annually, noting a slight dip below this in 2025 due to pressures in higher-value product markets like aerospace and semiconductor.
- The company's 2026 capital expenditure budget is $275 million, primarily allocated to value-added processing equipment and facility expansions, with flexibility to increase for customer-driven opportunities.
- Reliance did not complete any acquisitions in 2025 but remains active in seeking M&A opportunities, having completed four in 2024.
- Key end markets such as non-residential construction, infrastructure, and defense are strong, while aerospace build rates are improving in 2026, and the semiconductor business (less than 5% of total revenue) anticipates modest improvement in late 2026 into 2027.
3 days ago
Reliance Discusses 2026 Outlook, Market Conditions, and Capital Allocation
RS
Guidance Update
New Projects/Investments
M&A
- Reliance, a diversified metal service center, reported $14.3 billion in sales last year (implied 2025) and aims for a 29%-31% sustainable gross profit margin annually, despite dipping below this in 2025 due to weaker demand in aluminum, aerospace, and semiconductor markets.
- The company anticipates improved aerospace build rates in 2026 and modest improvement in the semiconductor business (which is less than 5% of total revenue) towards late 2026 into 2027, with overall customer optimism for 2026.
- Reliance's 2026 CapEx budget is $275 million, primarily for value-added processing equipment and facility expansions, with a willingness to increase it for customer-driven opportunities.
- The company completed four acquisitions in 2024 but none in 2025, remaining selective while noting that recent industry mergers could lead to better pricing discipline and future acquisition targets.
- Reliance maintains a balanced approach to shareholder returns, having paid a quarterly dividend for 66 years and increased it 33 times, alongside opportunistic share repurchases.
3 days ago
Reliance Inc. Reports Strong 2025 Performance and Provides Positive Q1 2026 Guidance
RS
Earnings
Guidance Update
Share Buyback
- Reliance Inc. demonstrated strong operational execution in 2025, increasing tons shipped by 6.2% and growing its U.S. market share to approximately 17% from 15% in 2024. For Q4 2025, non-GAAP earnings per diluted share increased 8% year-over-year to $2.40.
- The company generated $831 million in operating cash flow in 2025 and returned $849 million to stockholders through dividends and share repurchases, including $200 million in Q4 2025. The annual dividend rate was increased by 4% to $5 per share for Q1 2026.
- For Q1 2026, Reliance estimates tons sold to be up 5%-7% compared to Q4 2025, with the average selling price per ton sold expected to improve 3%-5%. Non-GAAP earnings per diluted share are projected to be in the range of $4.50-$4.70, reflecting 19%-25% year-over-year growth.
- Reliance expects its gross profit margin to improve in 2026, maintaining an annual range of 29%-31%. The company has a $275 million capital expenditure budget for 2026, with total CapEx spending anticipated to be $300 million-$325 million, approximately half of which is directed toward growth initiatives.
Feb 19, 2026, 4:00 PM
Reliance Inc. Reports Strong Q4 and Full Year 2025 Results, Provides Q1 2026 Guidance
RS
Earnings
Guidance Update
Share Buyback
- Reliance Inc. reported record tons sold of 6.4 million in 2025, a 6.2% increase year-over-year, expanding its U.S. market share to approximately 17%. Excluding LIFO adjustments, 2025 non-GAAP FIFO earnings per diluted share increased 13.5% year-over-year.
- For Q4 2025, non-GAAP earnings per diluted share were $2.40, an 8% increase year-over-year, with FIFO pretax income rising 28%. The 2025 non-GAAP gross profit margin was 28.8%, influenced by $114 million in annual LIFO expense.
- The company provided Q1 2026 guidance, anticipating non-GAAP earnings per diluted share in the range of $4.50-$4.70, reflecting 19%-25% year-over-year growth. Tons sold are estimated to be up 5%-7% sequentially, with average selling price per ton sold improving 3%-5%.
- Reliance generated $831 million in operating cash flow in 2025 and returned $849 million to stockholders through dividends and share repurchases. The 2026 capital expenditure budget is $275 million, with total CapEx spending projected between $300 million-$325 million. The annual dividend rate was increased by 4% to $5 per share for Q1 2026.
Feb 19, 2026, 4:00 PM
Reliance Reports Strong Q4 and Full-Year 2025 Results, Provides Q1 2026 Guidance
RS
Earnings
Guidance Update
Dividends
- Reliance achieved record tons sold of 6.4 million in 2025, an increase of 6.2%, and expanded its U.S. market share to approximately 17% from 15% in 2024. Excluding LIFO adjustments, non-GAAP FIFO earnings per diluted share increased 13.5% year over year.
- In Q4 2025, non-GAAP earnings per diluted share were $2.40, an 8% increase year-over-year, with tons sold growing 5.8% compared to Q4 2024.
- The company generated $831 million in operating cash flow in 2025 and returned $849 million to stockholders through dividends and share repurchases. The annual dividend rate was increased by 4% to $5 per share for Q1 2026.
- For Q1 2026, Reliance anticipates non-GAAP earnings per diluted share in the range of $4.50-$4.70, with tons sold expected to be up 5%-7% compared to Q4 2025. A capital expenditure budget of $275 million is planned for 2026.
Feb 19, 2026, 4:00 PM
Reliance, Inc. Reports Strong Q4 and Full-Year 2025 Financial Results
RS
Earnings
Share Buyback
Dividends
- Reliance, Inc. reported Q4 2025 net sales of $3.5 billion, an 11.9% increase year-over-year, with tons sold up 5.8%. Full-year 2025 net sales reached $14.3 billion, a 3.3% increase, and record annual tons sold of 6.4 million were up 6.2%.
- Diluted EPS for Q4 2025 was $2.22, a 15.0% increase year-over-year. For the full year 2025, non-GAAP diluted EPS-FIFO was $15.88, up 13.5% from $13.99 in 2024.
- The company repurchased $594.1 million of common stock in 2025, including $200.1 million in Q4, reducing outstanding shares by 4%. The quarterly dividend was increased by 4.2% to $1.25 per share.
- For the first quarter of 2026, Reliance anticipates non-GAAP earnings per diluted share in the range of $4.50 to $4.70, with tons sold expected to be up 5% to 7% and average selling price per ton sold up 3% to 5% compared to Q4 2025.
Feb 18, 2026, 9:10 PM
Reliance, Inc. Discusses Business Strategy and Market Outlook at Goldman Sachs Conference
RS
M&A
New Projects/Investments
Dividends
- Reliance, Inc. (RS), the largest metal service center company in North America, reported $15 billion in sales and operates 320 locations, specializing in smaller order sizes and value-added processing.
- The company anticipates continued strong demand in key end markets including non-residential construction, data centers (with a 5-10 year runway), military/defense, aerospace, and semiconductor (expected 3-5 year growth after inventory correction).
- Growth strategies involve both acquisitions (76 since IPO) and organic investments, with $1.5 billion invested in capital expenditures over the last 6-7 years, primarily for value-added processing equipment.
- Management views the metal service center industry as ripe for continued consolidation and highlights automation, data mining, and AI as crucial for competitive advantage.
- Capital allocation priorities include profitable long-term growth, maintaining a quarterly dividend (paid for over 65 years without reduction), and opportunistic share repurchases.
Dec 3, 2025, 5:50 PM
Reliance, Inc. Discusses Market Outlook, Growth Strategies, and Capital Allocation at Goldman Sachs Conference
RS
New Projects/Investments
M&A
Dividends
- Reliance, Inc. is the largest metal service center company in North America, reporting $15 billion in sales and operating 320 locations, with a focus on value-added processing and next-day delivery for smaller orders.
- The company projects healthy demand in non-residential construction (driven by data centers with a 5-10 year runway), general manufacturing, and defense into 2026 and beyond, with long-term growth anticipated from aerospace, nuclear, and semiconductor markets.
- Reliance maintains competitive advantages through its decentralized structure, significant investments in value-added processing equipment (totaling $1.5 billion over the last 6-7 years), and ongoing capital expenditure in automation (over $300 million this year) and AI.
- The metal service center industry is considered ripe for continued consolidation, with Reliance holding only 17% market share despite completing 76 acquisitions since its 1994 IPO.
- Capital allocation priorities include profitable long-term growth through organic investments and acquisitions, alongside shareholder returns via a quarterly dividend paid for over 65 years and opportunistic share repurchases.
Dec 3, 2025, 5:50 PM
Reliance, Inc. Discusses Market Outlook, Growth Strategies, and Capital Allocation at Goldman Sachs Conference
RS
New Projects/Investments
M&A
Dividends
- Reliance, Inc. is the largest metal service center company in North America, generating approximately $15 billion in sales from 320 locations, specializing in value-added processing and rapid delivery of smaller metal orders.
- The company projects robust demand in non-residential construction (including data centers with a 5 to 10-year runway), general manufacturing, and aerospace, with multi-year growth opportunities identified in data centers, nuclear energy, semiconductors, and defense spending.
- Reliance's growth strategy combines organic investments, with approximately $1.5 billion in capital expenditures over the past six to seven years focused on value-added processing, and inorganic growth through 76 acquisitions since its 1994 IPO, operating in an industry deemed ripe for further consolidation.
- The company prioritizes profitable long-term growth and has a strong track record of shareholder returns, including a quarterly dividend paid for over 65 years (never reduced and typically increased annually) and opportunistic share repurchases.
Dec 3, 2025, 5:50 PM
Quarterly earnings call transcripts for RELIANCE.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more