Reliance Inc
RS
ISIN null / Valor 247280
Reliance Inc
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About company
Reliance Inc is a diversified company specializing in the provision of value-added metals processing and inventory management services. With a network spanning approximately 315 locations across 40 states and 12 countries outside the United States, Reliance serves a broad customer base of over 125,000. The company offers an extensive product line that includes over 100,000 metal products ranging from carbon steel, aluminum, stainless steel, brass, copper, titanium, to alloy steel. Beyond its core offerings, Reliance has expanded its services to include kitting, contract manufacturing, packaging, inventory and supply chain management, and storage solutions. This expansion is part of its strategy to not only meet but exceed customer expectations in terms of quality, service, and delivery times, often achieving just-in-time delivery within 24 hours of order receipt. Reliance's decentralized management model allows its subsidiaries to operate with a high degree of autonomy, enabling them to swiftly adapt to regional, market, and industry-specific conditions. This approach, coupled with a commitment to high-quality service and quick turnaround times, has resulted in a high customer retention rate, with over 95% of clients returning for further business. The company's role as a metals service center involves acquiring primary metal products from producers and processing them according to customer specifications, leveraging high-volume production to ensure cost-effectiveness.
Summarized from source with an LLMView SourceSector: IndustrialsLatest Results (29.07.2026):
Reliance, Inc. — first quarter 2026 (Q1 2026) results: net sales of $4,026.0 million, record tons sold of 1,672.7k (up 9.4% sequential), GAAP diluted EPS $5.10 and non‑GAAP diluted EPS $5.16 (up 37% year‑over‑year), pretax income $349.5 million (up 33% YoY). The company repurchased $234.2 million of stock, increased its quarterly dividend to $1.25, and provided Q2 guidance of non‑GAAP EPS $5.15–$5.35 with modest tonnage and ASP growth assumptions.
Top‑line & volume
Net sales of $4.03B; average selling price per ton $2,414 (↑5.3% sequential, ↑12.6% YoY). Record quarterly tons sold 1,672.7k (+9.4% vs Q4 2025, +2.7% YoY), continuing shipment outperformance versus the industry.
Profitability & margins
Gross profit $1,171.9M; gross margin 29.1% (↑180 bps sequential, down 60 bps YoY). Pretax income $349.5M (pretax margin 8.7%). GAAP diluted EPS $5.10; non‑GAAP diluted EPS $5.16, reflecting strong pricing, shipment growth and operating leverage.
Inventory/LIFO effect
LIFO expense totaled $37.5M (0.9% of sales), about $0.54 per diluted share after tax; this exceeded management’s expectation (~$0.36/share) and reduced EPS by roughly $0.18 vs plan due to higher-than-expected raw material costs.
Cash flow, leverage & capital returns
Cash and cash equivalents $249.7M; total debt $1.7B. Cash provided by operations $151.4M; free cash flow $87.2M. Net debt‑to‑total capital 16.9% and net debt‑to‑EBITDA ~1.0x. Returned ≈$301M to shareholders in Q1 (dividends ~$67M, share repurchases $234M), reducing shares outstanding ~3% YoY.
Contracts, outlook & guidance
Won two major government contracts via AMI — DHS border wall (up to $2.24B; Phase 1 ≈ $1.4B) and an F‑35 aluminum IDIQ (up to $654M). For Q2 2026 Reliance expects tons +1.0%–3.0% vs Q1, ASP per ton +1.5%–3.5% vs Q1, and non‑GAAP EPS $5.15–$5.35 (inclusive of ~$0.54 LIFO expense and estimated incremental impacts from border wall shipments).
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
20733 M
Market cap (USD)
290,968
Daily traded volume (Shares)
269.42 / 266.055
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
Deny Purwanto
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