RELIANCE, INC. reported second-quarter 2026 results with revenue of $4.63B and diluted EPS of $6.29, driven by higher tons sold and average selling prices versus the year-ago quarter.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$4.63B$3.66B26.5% | Net income²$322.9M$233.7M38.2% | Diluted EPS³$6.29$4.4242.3% |
¹ Reported as “Net sales”. ² Reported as “Net income – Reliance”. ³ Reported as “Diluted earnings per share”.
Business Highlights
- Revenue growth: Net sales rose 26.5% in the quarter (21.2% year-to-date), driven by record tons sold and higher average selling prices.
- Channel & contract wins: Awarded a multi-year U.S. Border Wall contract with deliveries beginning in Q2, adding material tonnage.
- Operational efficiency: Improved operating leverage lifted operating margins despite higher LIFO costs and SG&A.
- Product mix: Carbon steel (55% of sales) and aluminum (17%) led the sales mix; aluminum ASPs were sharply higher, influenced by tariffs.
- Demand and market position: Tons sold growth outpaced the industry, indicating market-share gains across diversified end markets.
Original SEC Filing:
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