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Reliance, Inc. Reports First Quarter 2026 Financial Results

PHOENIX, April 22, 2026 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) (‘Reliance,' the ‘Company,' ‘we,' ‘our,' or ‘us') today reported its financial results for the first quarter ended March 31, 2026.

Reliance, Inc. Subsidiary AMI Metals, Inc. Awarded Significant Government Infrastructure and Defense Projects

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.

Reliance, Inc. Reports Fourth Quarter and Full Year 2025 Financial Results

– Strongest Q4 growth since 2021 with net sales of $3.5 billion up 11.9% and record tons sold up 5.8% year-over-year – 2025 net sales of $14.3 billion up 3.3% year-over-year – Record annual tons sold of 6.4 million up 6.2% – Repurchased $594.1 million of common stock in 2025 reducing outstanding shares by 4%, including $200.1 million in Q4 – Increased quarterly dividend 4.2% to $1.25 per share (annual: $5.00) PHOENIX, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) today reported its financial results for the fourth quarter and full year ended December 31, 2025. (in millions, except tons sold which are in thousands, per ton and per share amounts)                                                         SequentialQuarter   Twelve Months Ended December 31,   Year-Over-Year         Year-Over-Year   Q4 2025   Q3 2025   % Change   2025     2024     % Change   Q4 2024   % Change Income Statement Data:                                         Net sales $ 3,498.6     $ 3,651.2     (4.2 %)   $ 14,294.3     $ 13,835.0     3.3 %   $ 3,126.6     11.9 % Gross profit1 $ 954.7     $ 1,031.6     (7.5 %)   $ 4,107.5     $ 4,106.6     0.0 %   $ 886.1     7.7 % Gross profit margin1   27.3%       28.3%     (1.0 %)     28.7%       29.7%     (1.0 %)     28.3%     (1.0 %) Non-GAAP gross profit margin1, 2   27.4%       28.3%     (0.9 %)     28.8%       29.7%     (0.9 %)     28.6%     (1.2 %) Non-GAAP gross profit margin-FIFO1, 2   28.5%       29.0%     (0.5 %)     29.6%       28.7%     0.9 %     28.8%     (0.3 %) LIFO expense (income) $ 38.7     $ 25.0         $ 113.7     $ (144.4)         $ 5.6       LIFO expense (income) as a % of net sales   1.1%       0.6%     0.5 %     0.8%       (1.0%)     1.8 %     0.2%     0.9 % LIFO expense (income) per diluted share, net of tax $ 0.56     $ 0.35         $ 1.62     $ (1.93)         $ 0.08       Non-GAAP pretax expense adjustments² $ 12.1     $ 3.7         $ 19.2     $ 27.1         $ 21.3       Pretax income $ 154.8     $ 247.7     (37.5 %)   $ 969.2     $ 1,139.9     (15.0 %)   $ 133.5     16.0 % Non-GAAP pretax income2 $ 166.9     $ 251.4     (33.6 %)   $ 988.4     $ 1,167.0     (15.3 %)   $ 154.8     7.8 % Non-GAAP pretax income-FIFO2 $ 205.6     $ 276.4     (25.6 %)   $ 1,102.1     $ 1,022.6     7.8 %   $ 160.4     28.2 % Pretax income margin   4.4%       6.8%     (2.4 %)     6.8%       8.2%     (1.4 %)     4.3%     0.1 % Non-GAAP pretax income margin-FIFO   5.9%       7.6%     (1.7 %)     7.7%       7.4%     0.3 %     5.1%     0.8 % Net income attributable to Reliance $ 116.5     $ 189.5     (38.5 %)   $ 739.4     $ 875.2     (15.5 %)   $ 105.3     10.6 % Diluted EPS $ 2.22     $ 3.59     (38.2 %)   $ 13.98     $ 15.56     (10.2 %)   $ 1.93     15.0 % Non-GAAP diluted EPS2 $ 2.40     $ 3.64     (34.1 %)   $ 14.26     $ 15.92     (10.4 %)   $ 2.22     8.1 % Non-GAAP diluted EPS-FIFO2 $ 2.96     $ 3.99     (25.8 %)   $ 15.88     $ 13.99     13.5 %   $ 2.30     28.7 %                                           Balance Sheet and Cash Flow Data:                                         Cash provided by operations $ 276.1     $ 261.8     5.5 %   $ 831.4     $ 1,429.8     (41.9 %)   $ 473.3     (41.7 %) Free cash flow2 $ 202.9     $ 180.6     12.3 %   $ 502.5     $ 999.2     (49.7 %)   $ 362.4     (44.0 %) Net debt-to-total capital2   14.4%       13.3%           14.4%       10.2%           10.2%       Net debt-to-EBITDA2   0.9x       0.9x           0.9x       0.6x           0.6x       Total debt-to-EBITDA2   1.1x       1.1x           1.1x       0.8x           0.8x                                                 Capital Allocation Data:                                         Acquisitions, net $ —     $ —         $ 2.8     $ 364.6         $ (2.1 )     Capital expenditures $ 73.2     $ 81.2         $ 328.9     $ 430.6         $ 110.9       Dividends $ 63.5     $ 62.9         $ 254.7     $ 249.7         $ 61.2       Share repurchases $ 200.1     $ 60.9         $ 594.1     $ 1,093.7         $ 142.4                                                 Key Business Metrics:                                         Tons sold   1,528.7       1,615.5     (5.4 %)     6,388.1       6,013.2     6.2 %     1,444.3     5.8 % Tons sold (same-store)   1,471.5       1,554.2     (5.3 %)     6,151.5       5,842.0     5.3 %     1,390.9     5.8 % Average selling price per ton sold $ 2,292     $ 2,271     0.9 %   $ 2,244       2,303     (2.6 %)   $ 2,170     5.6 % Average selling price per ton sold (same-store) $ 2,317     $ 2,296     0.9 %   $ 2,267       2,321     (2.3 %)   $ 2,194     5.6 % Percentage of sales orders w/ value-added processing                   49%       50%                                                           Please refer to the footnotes at the end of this press release for additional information.

Reliance, Inc. Announces Participation at the BMO Global Metals, Mining & Critical Minerals Conference

PHOENIX, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) announced today that Karla Lewis, President and Chief Executive Officer, Arthur Ajemyan, Senior Vice President and Chief Financial Officer, and Stephen Koch, Executive Vice President and Chief Operating Officer, will participate in the BMO Global Metals, Mining & Critical Minerals Conference on Tuesday, February 24, 2026, and Wednesday, February 25, 2026, in Hollywood, Florida. Reliance is scheduled to present on Wednesday, February 25th at 8:00 a.m.