Reliance, Inc. Reports Third Quarter 2026 Financial Results
Reliance delivered record Q3 net sales of $5.21 billion (up 42.8% YoY) with non-GAAP EPS of $8.02, far above its own $6.40-$6.60 guidance and up 120% year-over-year. Results were driven by record tons sold, an 8.2% sequential rise in average selling price, and a $0.74 per-share contribution from the U.S. border wall contract, partially offset by higher-than-expected LIFO expense of $2.74 per share.
Key figures
- Eps
- 7.84
- Revenue
- 5213200000
- Guidance
- Q4 2026 non-GAAP diluted EPS of $7.40-$7.60, up over 200% YoY; tons sold ex-border wall up 4.0-6.0% YoY; average selling price per ton up 1.0-3.0% sequentially
- Revenue Yoy
- 42.8%
- Fcf
- 133000000
- Tons sold
- 1,867.2 thousand
- Gross margin
- 27.9%
- Gross profit
- 1453900000
- Lifo expense
- 187500000
- Non gaap eps
- 8.02
- Pretax income
- 531900000
- Net debt ebitda
- 0.8x
- Non gaap eps yoy
- 120.3%
- Pretax income yoy
- 114.7%
- Dividend per share
- 1.25
- Net income reliance
- 402900000
- Cash from operations
- 212000000
- Q3 share repurchases
- 44700000
- Tons sold seq growth
- 4.3%
- Buyback authorization
- $2.5 billion
- Lifo expense per share
- 2.74
- Avg selling price per ton
- 2815
- Border wall eps contribution
- 0.74
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