Reliance Q2 Sales Surge 27%, EPS Beats by 16% on Record Shipments
RS sits 48% above its 52-week low of $260.31.
Summary
Reliance posted a massive Q2 beat with sales up 26.5% to $4.63B and adjusted EPS of $6.27, crushing consensus by 16%. Record tons sold, up 10.8% YoY, drove the outperformance, aided by a border wall contract that added $0.41 per share—more than double expectations. This follows a strong Q1 and shows accelerating momentum. Q3 guidance of $6.40-$6.60 EPS implies continued strength, though sequential tonnage is expected to dip 2-4% ex-border wall. With the stock trading near $386, well above the median analyst target of $379.50, the beat and raised outlook could force target revisions and shift sentiment from the prevailing hold ratings.
At the time of this announcement, RS was trading at $386.21 on NYSE in the Trade & Services sector, with a market capitalization of approximately $19.7B. The 52-week trading range was $260.31 to $419.83. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.