Reliance, Inc. Reports 26.5% Revenue Growth to $4.63 Billion in Q2 2026

Reliance, Inc. reported significant financial growth in its latest quarterly filing, with net sales reaching $4.63 billion for the second quarter of 2026, a 26.5% increase from $3.66 billion in the same period last year. For the first half of 2026, net sales totaled $8.66 billion, up 21.2% from $7.14 billion in the first six months of 2025. The company attributed this growth to record tons sold, which increased by 10.8% year-over-year, and a 14.5% rise in the average selling price per ton. The U.S. Department of Homeland Security's multi-year contract for steel and logistics support for the border wall project contributed significantly to this growth, accounting for 5.2 percentage points of the increase in tons sold.

Operating income for the second quarter was $441.6 million, compared to $312.2 million in the prior year, reflecting a 41.3% increase. Net income for the quarter was $322.9 million, or $6.29 per diluted share, up from $233.7 million, or $4.42 per diluted share, in the same quarter of 2025. The first half of 2026 saw net income of $587.8 million, a 35.6% increase from $433.4 million in the first half of 2025. The company’s gross profit margin under the LIFO method was 28.1% for the second quarter, slightly down from 29.7% in the previous year, primarily due to increased costs of carbon steel and aluminum.

In terms of operational developments, Reliance, Inc. has seen a notable increase in its customer base and market share, outperforming the industry-wide growth rate of 5.5% reported by the Metals Service Center Institute. The company’s strategic focus on customer service and delivery capabilities has enabled it to gain market share in a competitive environment. Additionally, the company has maintained a strong balance sheet, with total assets increasing to $11.17 billion as of June 30, 2026, up from $10.37 billion at the end of 2025.

The company’s cash flow from operating activities increased to $313.6 million in the first half of 2026, up from $293.5 million in the same period last year, despite higher working capital requirements. Reliance, Inc. has also continued to return capital to shareholders, with $364.6 million in total returns in the first half of 2026, including $234.2 million in share repurchases and $130.4 million in dividends. The board declared a quarterly dividend of $1.25 per share, marking a 4.2% increase from the previous quarter.

Looking ahead, Reliance, Inc. remains optimistic about its growth trajectory, supported by strong demand across various end markets and ongoing strategic initiatives. The company expects to leverage its operational efficiencies and market position to continue delivering value to shareholders while navigating potential challenges from macroeconomic conditions and market fluctuations.