Reliance
Reliance, Inc. is the largest metals service center company in North America, operating a diversified network that provides value-added processing and distribution services. The company bridges the gap between primary metal producers and end-users by maintaining a vast inventory of over 100,000 products and offering specialized services like cutting, machining, and electropolishing. Its business model focuses on small order sizes, quick turnaround times, and high-frequency deliveries to a broad customer base across multiple industrial sectors.
Financials
Based on Q1 2026 filing
Revenue
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Metals Service Centers
primaryThe company's primary business involves acquiring carbon steel, aluminum, stainless steel, and alloys from mills to process and distribute them to customer specifications. This segment emphasizes value-added services and just-in-time delivery to help customers manage working capital and reduce their own processing costs.
Alloy Steel, Aluminum, Brass, Copper, Carbon Steel, Stainless Steel, Titanium, Specialty Steel
Small machine shops, Fabricators, Original Equipment Manufacturers (OEMs), General manufacturers
Toll Processing
moderateA specialized service where the company processes metal owned by the customer for a fee, rather than selling the material itself. This service is primarily utilized by the automotive industry to manage high-volume material preparation.
Customer-owned metal processing
Automotive manufacturers
Segment Financials
Metals Service Centers — Revenue
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View metricToll Processing — Revenue
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Competitive Position
Reliance is the North American market leader in the highly fragmented metals service center industry, holding a significant market share advantage over smaller regional competitors.
Geographies
United States, Canada, Mexico, United Kingdom, France, Belgium, South Korea, Singapore, Malaysia, China
Customer Segments
Non-residential construction, Aerospace and Defense, Energy (Oil and Gas), Semiconductor fabrication, Transportation
Upstream Dependencies
Domestic primary metal producers (mills), International metal mills, Truck leasing companies
Downstream Customers
Infrastructure developers, Renewable energy projects, Commercial and military aerospace contractors, Agricultural and mining equipment manufacturers, Semiconductor equipment makers
Competitors & Partners
Competitors
Partners
Metals Service Center Institute
Industry trade association used for benchmarking and market share reporting
Subsidiaries
Precision Strip Inc.
Wholly-owned subsidiary providing toll processing and metal services
Yarde Metals
Metals service center subsidiary
AMI Metals
Aerospace-focused metal service subsidiary
Valex
Subsidiary specializing in high-purity components for semiconductors
Acero Prime
Mexican processing and distribution subsidiary
Service Steel Aerospace
Specialty aerospace metal distributor
Reliance FAQ
Common questions about Reliance
Reliance, Inc. is the largest metals service center company in North America, operating a diversified network that provides value-added processing and distribution services. The company bridges the gap between primary metal producers and end-users by maintaining a vast inventory of over 100,000 products and offering specialized services like cutting, machining, and electropolishing. Its business model focuses on small order sizes, quick turnaround times, and high-frequency deliveries to a broad customer base across multiple industrial sectors.
Reliance (RS) has a market capitalization of $19.3B and trades on NYSE.
Reliance generated $14.8B in trailing twelve-month revenue with net income of $805.1M, representing a net margin of 5.4%. Gross margin stands at 28.6%, with free cash flow of $612.1M. These figures are based on the Q1 2026 filing.
Reliance's key competitors include Steel Dynamics, Inc., Nucor Corporation, Alcoa Corporation, and others. These companies compete in similar markets and product categories.
Reliance has approximately 15,500 employees.