Reliance, Inc. (RS) Q4 2025 Earnings Call Transcript

Reliance, Inc. (RS) Q4 2025 Earnings Call Transcript

Seeking Alpha • Feb 19, 2026

RS' Q4 Earnings Miss Estimates, Sales Up on Higher Price and Volume

Reliance misses Q4 earnings estimates despite 12% sales jump on higher prices and volumes; forecasts healthy Q1 demand and EPS up to $4.70.

Zacks Investment Research • Feb 19, 2026

Take Advantage Of The Rotation Into Commodities With Dividend Growth Stock Reliance (Technical Analysis)

Reliance stands out among metals stocks as money rotates from tech into commodities, with a strong technical breakout and robust dividend growth profile. RS has compounded its dividend at 11.6% over the past decade and aggressively repurchased shares, retiring nearly 30% outstanding in ten years. Despite earnings headwinds and a high PE of 25, RS outperformed peers like Nucor and Steel Dynamics in earnings resilience and dividend growth.

Seeking Alpha • Feb 18, 2026

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.

GlobeNewsWire • Feb 18, 2026

Reliance (RS) Misses Q4 Earnings Estimates

Reliance (RS) came out with quarterly earnings of $2.4 per share, missing the Zacks Consensus Estimate of $2.8 per share. This compares to earnings of $2.22 per share a year ago.

Zacks Investment Research • Feb 19, 2026

Compared to Estimates, Reliance (RS) Q4 Earnings: A Look at Key Metrics

Although the revenue and EPS for Reliance (RS) give a sense of how its business performed in the quarter ended December 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Zacks Investment Research • Feb 19, 2026

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.

GlobeNewsWire • Feb 17, 2026

Steel stocks are falling as they get a taste of the ‘TACO trade'

Steel and aluminum stocks were falling after an FT report that President Donald Trump is softening his stance on tariffs — a subject of consumer complaints about rising prices.

Market Watch • Feb 13, 2026

Insights Into Reliance (RS) Q4: Wall Street Projections for Key Metrics

Get a deeper insight into the potential performance of Reliance (RS) for the quarter ended December 2025 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.

Zacks Investment Research • Feb 12, 2026

Reliance (RS) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Reliance (RS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Zacks Investment Research • Feb 11, 2026