Reliance, Inc. Reports Second Quarter 2026 Financial Results

Reliance, Inc. announced its financial results for the second quarter ended June 30, 2026, reporting net sales of $4.63 billion, a 15% sequential increase, with record tons sold up 7.0%. Earnings per share (EPS) were $6.29, and non-GAAP EPS were $6.27, representing a 42% year-over-year increase and exceeding expectations. Pretax income rose by 41% year-over-year to $429.8 million. The company highlighted strong customer activity, extended mill lead times, and robust pricing across its product portfolio. A significant factor contributing to the results was the U.S. Department of Homeland Security border wall contract, which began in April and exceeded expectations. The company also noted its strong balance sheet and liquidity, enabling disciplined capital allocation. For the third quarter of 2026, Reliance anticipates generally consistent demand and pricing, with an expected sequential decrease in tons sold (excluding the border wall project) but an increase compared to the third quarter of 2025. Non-GAAP diluted EPS for Q3 2026 is projected to be between $6.40 and $6.60.