Core Insights - Reliance, Inc. reported profits of $116.5 million or $2.22 per share for Q4 2025, an increase from $105.3 million or $1.93 per share in the same quarter last year, but fell short of the Zacks Consensus Estimate of $2.80 per share [1] - The company achieved net sales of $3,498.6 million, reflecting a year-over-year increase of approximately 11.9%, surpassing the Zacks Consensus Estimate of $3,382.4 million [1] Segment Performance - Shipments increased by 5.8% year-over-year to 1,528.7 thousand tons, exceeding the estimate of 1,522.5 thousand tons, with the average selling price per ton rising 5.6% to $2,292, above the estimate of $2,271 [2] - Demand for non-residential construction, Reliance's largest end market, strengthened compared to Q4 2024, with expectations for continued healthy demand through Q1 2026 due to investments in data centers and public infrastructure [3] - The broader manufacturing market saw improved demand year-over-year, driven by growth in military, industrial machinery, and construction machinery sectors, with expectations for continued strength in Q1 [4] - Aerospace demand increased compared to the prior-year quarter, with expectations for consistent commercial aerospace demand in Q1 due to build-rate increases [5] - Demand for automotive toll processing services remained flat year-over-year, with steady performance expected in Q1, influenced by North American trade policy [6] - The semiconductor market experienced soft demand relative to Q4 2024, with elevated inventory levels impacting activity, and these headwinds are expected to persist into Q1 [7] Financial Position - As of December 31, 2025, Reliance held $216.6 million in cash and cash equivalents, with total outstanding debt of $1.43 billion, including $277 million borrowed under a $1.5 billion revolving credit facility [8] - The company generated $276.1 million in operating cash flow during Q4, demonstrating strong cash flow generation across various market conditions [8] - Reliance repurchased approximately 716,000 shares of common stock in Q4 at an average price of $279.30 per share, totaling $200.1 million [9] Outlook - Reliance anticipates healthy demand across diverse end markets in Q1, projecting a 5% to 7% increase in tons sold from the prior quarter [12] - The average selling price per ton is expected to rise by 3% to 5% sequentially, with a modest improvement in FIFO gross profit margin anticipated [13] - The company forecasts adjusted earnings per share in the range of $4.50 to $4.70 for Q1, accounting for an estimated LIFO expense of $25 million [13] Stock Performance - Reliance's shares have gained 11.2% over the past year, compared to the industry growth of 44.8% [14]

OpenAI, Reliance partner to add AI search to JioHotstar https://t.co/cpkGDA8Tov ...

Reliance unveils $110B AI investment plan as India ramps up tech ambitions https://t.co/014LsqrVE5 ...

Group 1: AI Impact Summit Overview - Global leaders and technology CEOs are discussing the management of artificial intelligence advancements at the AI Impact Summit in New Delhi [1] - The summit is organized around three key pillars: People, Planet, and Progress, and aims to leverage AI to address global challenges and promote inclusive growth [9] Group 2: Notable Attendees - Key speakers on Day 4 include Google CEO Sundar Pichai, UN Secretary-General António Guterres, OpenAI's Sam Altman, and Reliance Chairman Mukesh Ambani [1] Group 3: Luncheon Details - Prime Minister Narendra Modi hosted an allergen-free luncheon for international leaders, reflecting a commitment to inclusivity [2][3] - The lunch menu is fully vegetarian, showcasing India's diverse culinary traditions with ingredients like lentils, millets, and saffron [4] Group 4: Nutritional Information - The menu includes calorie counts per 100 grams for each dish, aiding guests in understanding nutritional values [4] - Starters include Nimona Kebab (113 kcal), Kham Khatai (116 kcal), and Kashmiri Nadru Kurkuri (143 kcal) [5][6] Group 5: Main Course and Desserts - Main course dishes include Zaffrani Subz Pulao (152 kcal) and Tandoori Salad (78 kcal), along with Thepla (138 kcal) [6][7] - Desserts feature Rose and Coconut Pudding (167 kcal) and Ramdana Anjeer Ladoo (172 kcal) [8]

By Chandini Monnappa, Surbhi Misra and Urvi Dugar BENGALURU, Feb 19 (Reuters) - India's biggest conglomerates are stepping up a push into AI and data infrastructure, with Reliance ‌committing about $110 billion and Adani pledging $100 billion to position the nation as an ‌emerging hub for AI development. While the sum is modest against the more than $630 billion U.S. tech giants are expected ​to spend this year, India is offering tax breaks for foreign firms operating from domestic data centres, along ...

NEW DELHI, Feb 19 (Reuters) - OpenAI will become the first customer of India's ‌Tata Consultancy Services' data centre business, ‌beginning with 100 megawatts of capacity, part of the ​global AI infrastructure initiative Stargate, the companies said. Stargate is a $500 billion multi-year initiative to build AI data centres for training and inference, ‌backed by major ⁠investors. The deal is a major boost for TCS, which in a ⁠strategic shift last year disclosed plans to invest up to $7 billion in a 1 gi ...

Core Insights - Reliance reported $3.5 billion in revenue for the quarter ended December 2025, marking an 11.9% year-over-year increase and a surprise of +3.44% over the Zacks Consensus Estimate of $3.38 billion [1] - The earnings per share (EPS) for the same period was $2.40, compared to $2.22 a year ago, although it fell short of the consensus EPS estimate of $2.80 by -14.36% [1] Performance Metrics - The average selling price per ton sold was $2,292.00, exceeding the three-analyst average estimate of $2,275.56 [4] - Total shipments amounted to 1.53 million tons, surpassing the three-analyst average estimate of 1.51 million tons [4] - Specific sales figures included: - Aluminium: 77.1 thousand tons sold, slightly below the two-analyst average estimate of 77.25 thousand tons [4] - Stainless steel: 69.8 thousand tons sold, below the two-analyst average estimate of 70.95 thousand tons [4] - Alloy: 27.9 thousand tons sold, close to the two-analyst average estimate of 28.06 thousand tons [4] - Carbon steel: 1.25 million tons sold, slightly below the two-analyst average estimate of 1.26 million tons [4] Sales Performance - Net sales for carbon steel reached $1.92 billion, exceeding the $1.84 billion average estimate based on two analysts, representing a +14.4% year-over-year change [4] - Net sales for alloy were $155.5 million, surpassing the $146.15 million estimate, reflecting an +8.7% change year-over-year [4] - Net sales for stainless steel were $467.1 million, slightly below the $476.93 million average estimate, indicating a -1.3% year-over-year change [4] - Net sales for aluminium were $624.5 million, exceeding the $587.58 million estimate, showing a +16.9% year-over-year increase [4] Stock Performance - Reliance shares have returned +5.6% over the past month, contrasting with the Zacks S&P 500 composite's -1.3% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

分组1 - Reliance reported quarterly earnings of $2.4 per share, missing the Zacks Consensus Estimate of $2.8 per share, representing an earnings surprise of -14.36% [1] - The company posted revenues of $3.5 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 3.44%, compared to year-ago revenues of $3.13 billion [2] - Reliance has topped consensus revenue estimates four times over the last four quarters, while it has surpassed consensus EPS estimates just once during the same period [2] 分组2 - The stock has added about 17.8% since the beginning of the year, outperforming the S&P 500, which has returned zero [3] - The current consensus EPS estimate for the coming quarter is $4.70 on revenues of $3.79 billion, and for the current fiscal year, it is $18.17 on revenues of $14.84 billion [7] - The Mining - Miscellaneous industry, to which Reliance belongs, is currently in the top 22% of over 250 Zacks industries, indicating a favorable outlook [8]

EXHIBIT 99.1 Reliance, Inc. Reports Fourth Quarter and Full Year 2025 Financial Results – Strongest Q4 growth since 2021 with net sales of $3.5 billion up 11.9% and record tons sold up 5.8% year- over-year – 2025 net sales of $14.3 billion up 3.3% year-over-year – Record annual tons sold of 6.4 million up 6.2% – Repurchased $594.1 million of common stock in 2025 reducing outstanding shares by 4%, including $200.1 million in Q4 – Increased quarterly dividend 4.2% to $1.25 per share (annual: $5.00) PHOENIX, F ...

Core Insights - Reliance, Inc. reported strong Q4 growth with net sales of $3.5 billion, an increase of 11.9% year-over-year, and record tons sold of 6.4 million, up 6.2% for the full year 2025 [1][4][8] - The company repurchased $594.1 million of common stock in 2025, reducing outstanding shares by 4%, and increased its quarterly dividend by 4.2% to $1.25 per share [1][21][22] - Management expressed confidence in continued demand and pricing strength entering 2026, with expectations for tons sold to increase by 5% to 7% in Q1 2026 compared to Q4 2025 [11][23] Financial Performance - Q4 2025 net sales were $3,498.6 million, a decrease of 4.2% from Q3 2025 but an increase of 11.9% from Q4 2024 [2][37] - Gross profit for 2025 was $4.11 billion, consistent with the prior year, while non-GAAP FIFO gross profit margin expanded to 29.6% [9][10] - Net income attributable to Reliance for Q4 2025 was $116.5 million, down 38.5% year-over-year, with diluted EPS of $2.22, a decrease of 38.2% from Q4 2024 [2][10][37] Market Dynamics - The company achieved a significant increase in domestic market share to approximately 17% from 15% in 2024, driven by strong operational execution and market demand [11] - Demand in non-residential construction, the largest end market, improved, with expectations for continued healthy demand in early 2026 [13] - The broader manufacturing sector showed improved demand, particularly in military, industrial machinery, and construction machinery sectors [14] Cash Flow and Capital Allocation - Reliance generated cash flow from operations of $276.1 million in Q4 2025 and $831.4 million for the full year [19] - For 2025, the company deployed $1.18 billion towards stockholder returns and organic growth activities, including $594.1 million in share repurchases and $254.7 million in dividends [20][22] Business Outlook - The company anticipates a modest improvement in FIFO gross profit margin in Q1 2026 and expects non-GAAP earnings per diluted share to be in the range of $4.50 to $4.70, reflecting year-over-year growth of 19% to 25% [23]