Reliance
Distributes and processes metals through a decentralized service-center network.
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Profile
Distributes carbon steel, aluminum, stainless steel and specialty metals, with processing included on roughly half of orders. A decentralized family of service centers combines local decision-making with broad inventory, while results depend on metal prices, cyclical demand, acquisitions and systems integration.
Distributes carbon steel, aluminum, stainless steel, alloy products, copper and brass through a single metals-service-centers segment. Toll processing, logistics, precision fabrication and other value-added work complement product sales, with roughly half of orders including processing.
Operates through a decentralized family of companies spread across hundreds of locations, concentrated in the United States with an international presence. Local managers hold substantial authority, supporting small-order service, fast inventory movement and customer-specific processing; shared information and group resources connect the network.
Expands through acquisitions and equipment investment that add products, capabilities, customers and geography without moving outside metal distribution and processing. Metal-price changes, cyclical industrial demand, acquisition integration, decentralized compliance visibility and enterprise-wide systems integration shape execution.
Company facts
Categories
Key statistics
Year to date +31.0% · Average volume (30d) 361.1K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 9, 2026 | Wells Fargo | Reiterate | Equal Weight | $376 | $372 | |
| Jun 23, 2026 | KeyBanc | Reiterate | Overweight | $378 | $418 | |
| Jun 4, 2026 | Wells Fargo | Reiterate | Equal Weight | $330 | $376 | |
| Apr 28, 2026 | Seaport Global | Reiterate | Buy | $340 | $390 | |
| Apr 27, 2026 | BMO Capital | Reiterate | Market Perform | $320 | $350 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 22, 2026Q2 FY26 | $5.47 | $6.27 | +14.6% | $4.26B | $4.63B | +8.7% | +2.37% |
| Apr 22, 2026Q1 FY26 | $4.63 | $5.16 | +11.4% | $3.89B | $4.03B | +3.5% | −1.80% |
| Feb 18, 2026Q4 FY25 | $2.83 | $2.40 | −15.2% | $3.45B | $3.50B | +1.5% | −2.72% |
| Oct 22, 2025Q3 FY25 | $3.68 | $3.64 | −1.1% | $3.44B | $3.65B | +6.0% | −0.22% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.48B | $3.66B | $3.65B | $3.50B | $4.03B | $4.63B | |
| Gross profit | $964.6M | $1.02B | $1.03B | $885.4M | $1.10B | $1.23B | |
| Operating income | $274.4M | $312.2M | $259.8M | $176.2M | $367.9M | $441.6M | |
| Net income | $199.7M | $233.7M | $189.5M | $116.5M | $266.3M | $322.9M | |
| Diluted EPS | $3.74 | $4.41 | $3.59 | $2.22 | $5.10 | $6.28 | |
| Gross margin | 27.7% | 27.8% | 28.3% | 25.3% | 27.4% | 26.6% | |
| Operating margin | 7.9% | 8.5% | 7.1% | 5.0% | 9.1% | 9.5% |
Fiscal years (4-quarter sums)FY21 $14.09B · FY22 $17.03B · FY23 $14.81B · FY24 $13.84B · FY25 $14.29B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $235.4M · Total debt $2.00B · Total assets $11.17B · Shareholders' equity $7.40B
Dividends
Raised for 30 straight years — most recently to $1.25 from $1.20 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 14, 2026 | Aug 14 | Aug 28 | $1.25 | |
| May 22, 2026 | May 22 | Jun 5 | $1.25 | |
| Mar 6, 2026 | Mar 6 | Mar 20 | $1.25 | raised from $1.20 |
| Nov 21, 2025 | Nov 21 | Dec 5 | $1.20 | |
| Aug 15, 2025 | Aug 15 | Aug 29 | $1.20 | |
| May 23, 2025 | May 23 | Jun 6 | $1.20 | |
| Mar 7, 2025 | Mar 7 | Mar 21 | $1.20 | raised from $1.10 |
| Nov 22, 2024 | Nov 22 | Dec 6 | $1.10 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 51.05M · Float 50.80M · 99.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 5.81M | 11.38% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 3.29M | 6.44% | 13F | Aug 13, 2026 |
| State Street Corp | 2.63M | 5.14% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 2.31M | 4.52% | 13F | Aug 13, 2026 |
| Boston Partners | 2.20M | 4.30% | 13F | Aug 4, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 26, 2026 | Karen Winifred Colonias | director | −1,542 | $390.13 |
| Jul 31, 2026 | Arthur Ajemyan | officer: SVP, CFO | −2,200 | $410.11 |
| Jul 28, 2026 | William A. II Smith | officer: SVP, General Counsel, Corp Sec | −2,353 | $414.21 |
| Apr 27, 2026 | Arthur Ajemyan | officer: SVP, CFO | −3,500 | $358.12 |
| Mar 9, 2026 | William A. II Smith | officer: SVP, General Counsel, Corp Sec | −6,615 | $298.61 |
Peers
- Ryerson
Broad North American rival in metals distribution and processing
- Worthington Steel
Processing-focused rival enlarged by the Klöckner acquisition
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Reliance | $388.00 | +0.13% | $19.79B | 22.5 | 16.1 | 1.3 | +26.5% |
| Ryerson | $25.32 | 0.00% | $1.00B | — | 13.0 | 0.2 | — |
| Worthington Steel | $34.06 | 0.00% | $1.74B | 97.3 | 9.3 | 0.5 | +11.6% |
| Median | 97.3 | 11.2 | 0.3 | +11.6% |