Reliance Inc.

Reliance Inc.

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Market Cap$20.99B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Reliance Inc.Reliance Inc.23.81.2%12%1.40.3

Earnings Call Q3 2026

October 22, 2026 - AI Summary

Exceptional Q3 results; strong profitability and EPS surge (what’s good): - Record Q3 net sales; second-highest gross profit dollars; third-highest quarterly EPS. - Non-GAAP diluted EPS: $8.02, up 120% YoY (and above Q3 guidance $6.40–$6.60). - Net sales up 43% YoY, driven by better-than-expected shipments and pricing. - Record quarterly tons sold, up 4.3% sequentially; up 15.6% YoY vs industry +10.1% (Metals Service Center Institute). - Gross profit: $1.5B (2Q6 up 12%; vs 3Q5 up 41%); gross margin 27.9% (down 20 bps sequentially due to LIFO and mix).
Pricing + tight supply drove volumes/pricing; border wall was a major tailwind (what’s good/surprising): - Average selling price +8.2% vs 2Q6 (vs company expectation of flat to +2%), helped by tight supply, extended lead times, and strengthening demand. - Carbon steel led tons sold growth; management emphasized domestic mill relationships and reliable metal sourcing as key competitive differentiators in tight markets. - U.S. DHS border wall contract: another meaningful earnings contribution in Q3; $0.74 EPS contribution, above expected ~$0.60. - Border wall volume ramp appears to be at/near a steady run-rate: shipping began in April, and by Q3 they described a steady flow with no major disruptions.
LIFO headwind was worse than expected (what’s bad/negative): - Despite beating EPS guidance, the quarter saw materially higher LIFO expense than planned: - LIFO expense $2.74 per share vs $1.10 included in guidance = +$1.64 per share headwind. - Q3 LIFO expense recorded: $187.5M, vs estimate ~$75M. - Guidance LIFO outlook worsened: full-year LIFO expense increased to $450M (from prior estimate $300M). - Q4 includes LIFO expense of ~$112.5M (management notes this is about $1.64 per diluted share).

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$407.75

Target Price by Analysts

1.9% downsideReliance Target Price DetailsTarget Price
$219.26

Current Fair Value

47.2% downside

Overvalued by 47.2% based on the discounted cash flow analysis.

Share Statistics

Market cap$20.99 Billion
Enterprise Value$22.77 Billion
Dividend Yield$4.95 (1.20%)
Earnings per Share$14.07
Beta0.95
Outstanding Shares51,340,000

Return

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

Valuation & Multiples

P/E Ratio23.77P/E Ratio
PEG62.27PEG
Price to Sales1.35Price to Sales
Price to Book Ratio2.89Price to Book Ratio
Enterprise Value to Revenue1.44
Enterprise Value to EBIT18.21
Enterprise Value to Net Income25
Total Debt to Enterprise0.09
Debt to Equity0.27Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
October 21, 2026
EPS Estimate
$6.83
Average shareholder expectation
Revenue Estimate
$4.74 B
Average shareholder expectation

Next Earnings Call

Expected Date
February 17, 2027
EPS Estimate
$6.55
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▼ 31.47%
Total Calls-▼ 100.00%
Total Puts-▼ 100.00%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %0.50%▼ 82.12%
Total Invested$96.52M▼ 99.39%
Investors Holding68▼ 631.00%

ESG Score

No data

About Reliance Steel & Aluminum Co.

CEO: James Hoffman