Reliance, Inc. Reports Third Quarter 2026 Financial Results
Key Highlights
- ➤Non-GAAP diluted EPS $8.02, up 120% year-over-year, beat $6.40-$6.60 guidance
- ➤Record net sales $5.21 billion, up 13% sequentially
- ➤Fourth-quarter non-GAAP diluted EPS guidance $7.40-$7.60, up over 200% year-over-year
- ➤Share repurchase authorization increased to $2.5 billion without expiration
- ➤U.S. border wall project contributed $0.74 per share to third-quarter earnings
Expert Statements
Karla Lewis, President and Chief Executive Officer of Reliance
“Reliance delivered an exceptional third quarter with record quarterly net sales and our third-highest quarterly earnings per share. We capitalized on a favorable market environment, characterized by continued healthy demand and tight supply, leading to increased price levels for most carbon steel products. Our long-term strategy of supporting both our valued customers and key domestic mill partners positioned us particularly well to benefit from these dynamics.”
Karla Lewis, President and Chief Executive Officer of Reliance
“Our scale, product diversification, expansive value-added processing capabilities, and ability to source the inventory our customers need, led by the strong execution of our teams in the field, drove our exceptional results. The U.S. Department of Homeland Security border wall contract we were awarded earlier this year continued to ramp and delivered another meaningful contribution to third quarter earnings. Our smart, profitable growth strategy once again produced record quarterly tons shipped, contributing to non-GAAP diluted earnings per share of $8.02, up 120% year-over-year.”
Karla Lewis, President and Chief Executive Officer of Reliance
“Our strong balance sheet and ample liquidity continue to provide us the flexibility to concurrently invest in our businesses, pursue strategic growth opportunities, and return capital to our stockholders. Looking ahead, we believe Reliance remains exceptionally well positioned as customer optimism remains high and strengthens across infrastructure, semiconductor, general manufacturing, and aerospace. Together, our proven business model, outstanding team, and current market dynamics give us confidence in our ability to gain market share and invest through cycles to continue driving profitable growth and strong stockholder returns.”
* Record net sales of $5.21 billion, up 13% sequentially, with record tons sold up 4.3% * EPS of $7.84; non-GAAP EPS of $8.02, up 120% year-over-year, significantly exceeding expectations * Pretax income of $531.9 million, up 115% year-over-year * Increased share repurchase program to $2.5 billion PHOENIX, Oct. 21, 2026 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) (“Reliance,” the “Company,” “we,” “our,” or “us”) today reported its financial results for the third quarter ended September 30, 2026.
(in millions, except tons sold in thousands, per ton and per share amounts)
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