Reliance, Inc. Reports Fourth Quarter and Full Year 2025 Financial Results
– Strongest Q4 growth since 2021 with net sales of $3.5 billion up 11.9% and record tons sold up 5.8% year-over-year – 2025 net sales of $14.3 billion up 3.3% year-over-year – Record annual tons sold of 6.4 million up 6.2% – Repurchased $594.1 million of common stock in 2025 reducing outstanding shares by 4%, including $200.1 million in Q4 – Increased quarterly dividend 4.2% to $1.25 per share (annual: $5.00) PHOENIX, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) today reported its financial results for the fourth quarter and full year ended December 31, 2025. (in millions, except tons sold which are in thousands, per ton and per share amounts) SequentialQuarter Twelve Months Ended December 31, Year-Over-Year Year-Over-Year Q4 2025 Q3 2025 % Change 2025 2024 % Change Q4 2024 % Change Income Statement Data: Net sales $ 3,498.6 $ 3,651.2 (4.2 %) $ 14,294.3 $ 13,835.0 3.3 % $ 3,126.6 11.9 % Gross profit1 $ 954.7 $ 1,031.6 (7.5 %) $ 4,107.5 $ 4,106.6 0.0 % $ 886.1 7.7 % Gross profit margin1 27.3% 28.3% (1.0 %) 28.7% 29.7% (1.0 %) 28.3% (1.0 %) Non-GAAP gross profit margin1, 2 27.4% 28.3% (0.9 %) 28.8% 29.7% (0.9 %) 28.6% (1.2 %) Non-GAAP gross profit margin-FIFO1, 2 28.5% 29.0% (0.5 %) 29.6% 28.7% 0.9 % 28.8% (0.3 %) LIFO expense (income) $ 38.7 $ 25.0 $ 113.7 $ (144.4) $ 5.6 LIFO expense (income) as a % of net sales 1.1% 0.6% 0.5 % 0.8% (1.0%) 1.8 % 0.2% 0.9 % LIFO expense (income) per diluted share, net of tax $ 0.56 $ 0.35 $ 1.62 $ (1.93) $ 0.08 Non-GAAP pretax expense adjustments² $ 12.1 $ 3.7 $ 19.2 $ 27.1 $ 21.3 Pretax income $ 154.8 $ 247.7 (37.5 %) $ 969.2 $ 1,139.9 (15.0 %) $ 133.5 16.0 % Non-GAAP pretax income2 $ 166.9 $ 251.4 (33.6 %) $ 988.4 $ 1,167.0 (15.3 %) $ 154.8 7.8 % Non-GAAP pretax income-FIFO2 $ 205.6 $ 276.4 (25.6 %) $ 1,102.1 $ 1,022.6 7.8 % $ 160.4 28.2 % Pretax income margin 4.4% 6.8% (2.4 %) 6.8% 8.2% (1.4 %) 4.3% 0.1 % Non-GAAP pretax income margin-FIFO 5.9% 7.6% (1.7 %) 7.7% 7.4% 0.3 % 5.1% 0.8 % Net income attributable to Reliance $ 116.5 $ 189.5 (38.5 %) $ 739.4 $ 875.2 (15.5 %) $ 105.3 10.6 % Diluted EPS $ 2.22 $ 3.59 (38.2 %) $ 13.98 $ 15.56 (10.2 %) $ 1.93 15.0 % Non-GAAP diluted EPS2 $ 2.40 $ 3.64 (34.1 %) $ 14.26 $ 15.92 (10.4 %) $ 2.22 8.1 % Non-GAAP diluted EPS-FIFO2 $ 2.96 $ 3.99 (25.8 %) $ 15.88 $ 13.99 13.5 % $ 2.30 28.7 % Balance Sheet and Cash Flow Data: Cash provided by operations $ 276.1 $ 261.8 5.5 % $ 831.4 $ 1,429.8 (41.9 %) $ 473.3 (41.7 %) Free cash flow2 $ 202.9 $ 180.6 12.3 % $ 502.5 $ 999.2 (49.7 %) $ 362.4 (44.0 %) Net debt-to-total capital2 14.4% 13.3% 14.4% 10.2% 10.2% Net debt-to-EBITDA2 0.9x 0.9x 0.9x 0.6x 0.6x Total debt-to-EBITDA2 1.1x 1.1x 1.1x 0.8x 0.8x Capital Allocation Data: Acquisitions, net $ — $ — $ 2.8 $ 364.6 $ (2.1 ) Capital expenditures $ 73.2 $ 81.2 $ 328.9 $ 430.6 $ 110.9 Dividends $ 63.5 $ 62.9 $ 254.7 $ 249.7 $ 61.2 Share repurchases $ 200.1 $ 60.9 $ 594.1 $ 1,093.7 $ 142.4 Key Business Metrics: Tons sold 1,528.7 1,615.5 (5.4 %) 6,388.1 6,013.2 6.2 % 1,444.3 5.8 % Tons sold (same-store) 1,471.5 1,554.2 (5.3 %) 6,151.5 5,842.0 5.3 % 1,390.9 5.8 % Average selling price per ton sold $ 2,292 $ 2,271 0.9 % $ 2,244 2,303 (2.6 %) $ 2,170 5.6 % Average selling price per ton sold (same-store) $ 2,317 $ 2,296 0.9 % $ 2,267 2,321 (2.3 %) $ 2,194 5.6 % Percentage of sales orders w/ value-added processing 49% 50% Please refer to the footnotes at the end of this press release for additional information.
Feb 18, 2026 | www.globenewswire.com
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