Reliance Inc.

Reliance Inc.

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Market Cap$21.78B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Reliance Inc.Reliance Inc.24.71.16%12%1.40.3

Earnings Call Q2 2026

July 23, 2026 - AI Summary

Strong Q2 performance (best-in-class execution) - Revenue grew +27% YoY on stronger-than-anticipated shipment volumes and pricing. - Non-GAAP gross profit: $1.3B, up +11% vs. Q1 2026 and +20% vs. Q2 2025. - Non-GAAP pretax income: $429M, up +40% YoY. - Non-GAAP EPS: $6.27, up +42% YoY (highest EPS result since Q2 2023). - Profitability supports the story of pricing + operating leverage, plus continued industry outperformance.
U.S. DHS border wall contract is the key driver of upside (and mix/profit effects) - Border wall shipments accounted for ~5.1% of Q2 volumes (company also cited ~5.1 percentage point contribution to the sequential ton growth). - Tons sold increased +7% sequentially and +10.8% YoY (vs. prior expectation of +1% to +3% sequentially). - Q3 volume contribution: company expects additional ~2% improvement in Q3 and indicated the contract should operate near a full shipment run rate into mid-2027, subject to metal supply and customer inventory drawdown speed. - Profit impact: border wall contributed ~41 cents per diluted share; company expects project margin/OpEx efficiency to hold as volumes scale (higher volumes can improve efficiency).
Guidance/outlook: Q3 EPS growth expected; full-year capex steady - Q3 2026 non-GAAP EPS forecast: $6.40 to $6.60, up +76% to +81% YoY. - Q3 includes estimated LIFO expense ~$75M or ~$1.10 per diluted share (so LIFO remains an important swing factor). - Longer-term demand optimism: improving infrastructure, plus semiconductor, general manufacturing, aerospace; company believes it is well-positioned through H2 2026 into next year. - Full-year 2026 capex: ~$300M, with about half allocated to strategic growth investments (processing capabilities, footprint expansion, service improvements).

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$373.43

Target Price by Analysts

12.2% downsideReliance Target Price DetailsTarget Price
$237.01

Current Fair Value

44.3% downside

Overvalued by 44.3% based on the discounted cash flow analysis.

Share Statistics

Market cap$21.78 Billion
Enterprise Value$23.55 Billion
Dividend Yield$4.90 (1.16%)
Earnings per Share$14.07
Beta0.97
Outstanding Shares51,340,000

Return

Return on Equity12.09%ROE
Return on Assets8.02%
Return on Invested Capital12.48%

Valuation & Multiples

P/E Ratio24.66P/E Ratio
PEG64.6PEG
Price to Sales1.38Price to Sales
Price to Book Ratio2.95Price to Book Ratio
Enterprise Value to Revenue1.49
Enterprise Value to EBIT18.84
Enterprise Value to Net Income26
Total Debt to Enterprise0.09
Debt to Equity0.27Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 22, 2026
EPS Estimate
$5.47
Average shareholder expectation
Revenue Estimate
$4.26 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 21, 2026
EPS Estimate
$6.62
Average shareholder expectation
Revenue Estimate
$4.66 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0000 23.67%
Total Calls- 100.00%
Total Puts- 100.00%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %29.31% 50.61%
Total Invested$5.65B 55.26%
Investors Holding339 313.00%

ESG Score

No data

About Reliance Steel & Aluminum Co.

CEO: James Hoffman