Reliance, Inc. (RS) reported strong earnings growth, forecasting a 34.2% increase in 2026 earnings, with consensus estimates rising 11.4% and 10.01% for 2026 and 2027, respectively. The projected earnings per share for Q2 2026 is expected to be between $5.15 and $5.35, accounting for estimated LIFO expenses of $37.5 million.
The company’s return on equity stands at 11.37%, significantly higher than the industry average of 2.24%. Reliance anticipates a 1% to 3% increase in tons sold for Q2, driven by demand in the non-residential construction sector and strategic acquisitions that broaden its market reach.
In Q1 2026, Reliance repurchased $234 million of stock at an average price of $299 per share and raised its quarterly dividend to $1.25 per share, ending the quarter with cash and equivalents totaling $249.7 million.
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