Reliance Posts $5.21B in Third-Quarter Sales
RS sits 62% above its 52-week low of $260.31.
Summary
Reliance reported third-quarter sales of $5.21 billion, the first hard top-line number for the quarter, a 43% jump on higher steel prices and border wall project ramp-up. EPS was $7.84, and adjusted EPS was USD 8.02 versus an IBES estimate of USD 6.66. The company increased its share repurchase program to $2.5 billion and declared a $1.25 quarterly dividend payable Dec. 4 to holders of record Nov. 20. It guided fourth-quarter 2026 non-GAAP EPS to $7.40-$7.60. The stock is trading near its 52-week high of $433, so expectations are already elevated; the prior quarter's 10-Q showed strong sales and EPS growth, which sets a high bar for this print.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — Reliance guided Q4 2026 non-GAAP EPS to $7.40-$7.60 and declared a $1.25 quarterly dividend payable Dec. 4 to holders of record Nov. 20.
At the time of this announcement, RS was trading at $421.07 on NYSE in the Manufacturing sector, with a market capitalization of approximately $21.5B. The 52-week trading range was $260.31 to $433.02. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.