Investor Presentation May 2025 Forward-Looking Statements This presentation contains certain statements that are, or may be deemed to be, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may include, but are not limited to, discussions of Reliance's industry and end markets, business strategies, acquisitions, and expectations concerning the Company's future growth and profitability and its ability to generate industry leading r ...

Key Takeaways RS Q1 shipments rose 9% year over year, aided by strong mill ties and advance metal purchases. Gross margins expanded in Q1 as pricing improved and construction demand remained strong. RS expects 3-5% Y/Y volume growth in Q2, and raised its dividend for the 32nd time since its 1994 IPO.Reliance, Inc. (RS) shares have gained 12.7% over the past three months. The company has also outperformed the Zacks Mining-Miscellaneous industry’s 9.6% rise and the S&P 500’s roughly 7.4% increase over the s ...

A month has gone by since the last earnings report for Reliance (RS) . Shares have added about 3.7% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Reliance due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.How Have Estimates Been Moving Since Then?It turns out, fres ...

If you like to see more ideas, please subscribe to the premium service "Value in Corporate Events" here and try the free trial. In this service we cover major earnings events, M&A, IPOs and other significant corporate events with actionable ideas. Furthermore, we provide coverage of situations and names on request!Little over a year ago, I called Reliance, Inc. ( NYSE: RS ) to be a very reliable operator. At the time, shares hit all-time highs, despite lower sales and earnings reported in 2023, after a peak ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Reliance, Inc. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 95-1142616 (I.R.S. Employer Identification No.) 16100 N. 71st Street, Suite 400 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION ...

Reliance, Inc. (RS) posted profits of $199.7 million or $3.74 per share in the first quarter of 2025, down from $302.9 million or $5.23 per share in the year-ago quarter. Barring one-time items, RS recorded earnings of $3.77 per share, down from $5.30 a year ago. It surpassed the Zacks Consensus Estimate of $3.66.The company recorded net sales of $3,484.7 million, down around 4% year over year. The top line beat the Zacks Consensus Estimate of $3,456.5 million. RS benefited from higher shipments amid headwi ...

Financial Data and Key Metrics Changes - The company reported non-GAAP earnings per diluted share of $3.77, exceeding expectations and reflecting a gross profit margin increase of 140 basis points quarter over quarter [5][21][23] - Cash flow from operations was $64.5 million, despite a significant working capital investment [26][27] - The company revised its LIFO estimate for 2025 to reflect a $100 million expense, up from a prior estimate of $60 million income due to rising carbon steel and aluminum costs [24] Business Line Data and Key Metrics Changes - Tons sold in Q1 2025 reached a record, increasing 12.8% compared to Q4 2024, and 9% year-over-year, significantly outperforming the service center industry's decline of 0.5% [11][12] - The nonresidential construction market, which includes carbon steel tubing, plate, and structural products, represented about one-third of sales and showed strong growth [13] - The general manufacturing business also represented roughly one-third of total sales, with strong demand in industrial machinery and military sectors [15] Market Data and Key Metrics Changes - Demand in the nonresidential construction market remained solid, supported by data center construction and publicly funded infrastructure projects [14] - The aerospace sector saw stable demand, with commercial aerospace increasing sequentially and defense-related aerospace remaining strong [17] - The semiconductor industry faced pressure due to excess inventories, impacting shipments [19] Company Strategy and Development Direction - The company maintains a focus on growth and profitability, with a capital expenditure budget of $325 million for 2025, aiming for strategic acquisitions [6][31] - The management emphasized the importance of sourcing metal primarily from domestic producers, with over 95% of purchases made domestically [38] - The company is exploring opportunities for value-added processing and fabrication to better serve customer needs [64] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate macroeconomic uncertainties, highlighting strong customer relationships and operational execution [46][90] - The outlook for Q2 2025 anticipates stable demand across diversified end markets, with tons sold expected to be down 1% to up 1% compared to Q1 2025 [31][32] - Non-GAAP earnings per diluted share for Q2 2025 are projected to be in the range of $4.50 to $4.70, inclusive of LIFO expense [33] Other Important Information - The company funded stockholder return activities totaling $318 million, including a 9.1% increase in quarterly dividends [7][28] - Share repurchases have resulted in a cumulative 2.3% reduction in total shares outstanding since December 31, 2024 [29] Q&A Session Summary Question: Discussion on exposure within COGS and CapEx related to imports impacted by tariffs - Management confirmed that over 95% of metal purchases are from domestic producers, resulting in limited exposure to imports [38] Question: Impact of tariffs on long-term CapEx decisions - Management indicated that while tariffs can influence decisions, the majority of sourcing remains domestic, and no major shifts in CapEx strategy are anticipated [41] Question: Customer conversations regarding reshoring activity - Management noted increased discussions with customers about reshoring, with some experiencing higher volumes due to domestic manufacturing growth [44] Question: Changes in LIFO assumptions for aerospace - Management stated that baseline assumptions regarding LIFO income for aerospace remain relatively unchanged [52] Question: Current inventory levels and restocking needs - Management reported that inventory levels are slightly above target, with strong relationships with domestic mills ensuring access to inventory [82] Question: General market conditions and performance amidst economic challenges - Management acknowledged macroeconomic challenges but emphasized the company's ability to grow and service customers effectively [90]

Reliance (RS) Q1 2025 Earnings Call April 24, 2025 11:00 AM ET Company Participants Kimberly Orlando - Senior Managing DirectorKarla Lewis - President & CEOStephen Koch - Executive VP & COOArthur Ajemyan - CFO & Senior VPJohn Tumazos - Owner and CEO Conference Call Participants Martin Englert - Senior Equity Research Analyst - Metals & MiningPhil Gibbs - Director, Metals Equity Research AnalystKatja Jancic - AnalystMike Harris - Analyst Operator Greetings, and welcome to the Reliance, Inc. First Quarter twe ...

-- Net sales of $3.48 billion with record tons sold, up 9.0% year-over-year (same-store tons sold up 5.6%) -- Strong gross profit margin of 29.7% -- EPS of $3.74; non-GAAP EPS of $3.77 -- Repurchased $253.2 million of common stock SCOTTSDALE, Ariz., April 23, 2025 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) today reported its financial results for the first quarter ended March 31, 2025. EXHIBIT 99.1 Reliance, Inc. Reports First Quarter 2025 Financial Results (in millions, except tons sold which are in tho ...

-- Net sales of $3.48 billion with record tons sold, up 9.0% year-over-year (same-store tons sold up 5.6%) -- Strong gross profit margin of 29.7% -- EPS of $3.74; non-GAAP EPS of $3.77 -- Repurchased $253.2 million of common stock SCOTTSDALE, Ariz., April 23, 2025 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) today reported its financial results for the first quarter ended March 31, 2025. (in millions, except tons sold which are in thousands, per ton and per share amounts) Sequential Quar ...