RELIANCE, INC. (RS) Form 8-K — Oct 21, 2026
Reliance, Inc. reported record Q3 2026 net sales of $5.21 billion, up 42.8% year-over-year, with non-GAAP diluted EPS of $8.02, up 120% YoY and far above management guidance of $6.40-$6.60. Results were driven by tight carbon steel supply, strong pricing, record tons shipped, and a $0.74 per-share contribution from the U.S. border wall contract.
Key figures
- Eps
- 7.84
- Eps Beat
- $8.02 non-GAAP vs guidance of $6.40-$6.60
- Revenue
- 5213.2
- Guidance
- Q4 2026 non-GAAP diluted EPS of $7.40-$7.60, up over 200% YoY, including $1.64/share of LIFO expense
- Net Income
- 402.9
- Total Debt
- 1645000000
- Debt Amount
- 0
- Revenue Yoy
- 42.8%
- Cash Position
- 246000000
- Interest Rate
- 0
- Gross Proceeds
- 0
- Offering Price
- 0
- Shares Offered
- 0
- Shares Outstanding
- 50942000
- Tons sold q3
- 1,867.2 thousand, up 4.3% sequentially
- Pretax income
- $531.9 million, up 115% YoY
- Free cash flow
- $133.0 million
- Lifo expense q3
- $187.5 million
- Net debt to ebitda
- 0.8x
- Quarterly dividend
- $1.25 per share
- Non GAAP diluted eps
- $8.02
- Q3 share repurchases
- $44.7 million at ~$395/share avg
- Repurchase authorization
- $2.5 billion
- Avg selling price per ton
- $2,815, up 8.2% sequentially
- Border wall eps contribution
- $0.74 per share
AI analysis
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