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Reliance (RS) reported earnings 30 days ago. What's next for the stock?

Reliance's AMI Metals won US government contracts to supply steel for Southwest border work and process aluminum for Lockheed Martin defense programs.

Multi-year contract with U.S. Department of Homeland Security (“DHS”) for up to $2.24 billion to provide steel and steel logistics support services Five-year IDIQ contract for up to $654 million to supply aluminum plate across multiple Lockheed Martin Corporation (“Lockheed Martin”) defense platforms PHOENIX, March 10, 2026 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) announced today that its wholly-owned subsidiary, AMI Metals, Inc. (“AMI”) has been awarded two significant contracts for United States government infrastructure and defense projects, reinforcing the Company's position as a trusted partner in the aerospace and defense market. AMI was awarded a multi-year contract by the United States DHS to provide steel and steel logistics support services for the construction of the border wall for a total maximum estimated value of up to $2.24 billion.

RS gains from acquisitions, strong liquidity and construction demand, even as semiconductor and aerospace weakness and aluminum costs pressure margins.

Reliance, Inc. (RS) Presents at 35th BMO Global Metals, Mining & Critical Minerals Conference Transcript

Reliance, Inc. (RS) Q4 2025 Earnings Call Transcript

Reliance misses Q4 earnings estimates despite 12% sales jump on higher prices and volumes; forecasts healthy Q1 demand and EPS up to $4.70.