Reliance Reports Strong Q4 & Record Annual Tons Sold, Raises Dividend, Issues Positive Q1 Guidance
RS sits 34% above its 52-week low of $250.07.
Summary
Reliance, Inc. announced strong Q4 2025 results with double-digit growth in sales and EPS, record annual tons sold, a dividend increase, and issued positive guidance for Q1 2026.
Key Events · Earnings and Guidance · RS
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Strong Q4 2025 Performance
Net sales for the fourth quarter of 2025 increased 11.9% year-over-year to $3.5 billion, with diluted EPS rising 15.0% to $2.22.
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Record Annual Tons Sold
The company achieved record annual tons sold of 6.4 million in 2025, marking a 6.2% increase over 2024 and significantly outperforming the industry-wide decline.
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Dividend Increase and Share Repurchases
Reliance increased its quarterly cash dividend by 4.2% to $1.25 per share and repurchased $594.1 million of common stock in 2025, including $200.1 million in Q4.
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Positive Q1 2026 Outlook
The company forecasts Q1 2026 tons sold to be up 5% to 7% sequentially and average selling price per ton sold to increase 3% to 5% sequentially, with non-GAAP EPS guidance of $4.50 to $4.70, reflecting 19% to 25% year-over-year growth.
Analysis · RS · Trade & Services
Reliance, Inc. reported a strong finish to 2025 with significant year-over-year growth in net sales and diluted EPS for the fourth quarter. The company achieved record annual tons sold, outperforming the industry. While full-year GAAP diluted EPS declined, this was primarily attributed to a substantial swing in LIFO adjustments; on a non-GAAP FIFO basis, full-year diluted EPS showed robust growth. Management's positive commentary on market share gains and healthy demand, coupled with a dividend increase and substantial share repurchases, signals confidence. The optimistic guidance for Q1 2026, projecting sequential increases in tons sold and average selling price, along with strong non-GAAP EPS growth, suggests continued operational strength.
At the time of this filing, RS was trading at $334.62 on NYSE in the Trade & Services sector, with a market capitalization of approximately $17.6B. The 52-week trading range was $250.07 to $365.59. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.