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Reliance RS Q1 2026 earnings

Reported April 22, 2026 · After market close

Revenue estimate$3.9B
EPS estimate$4.63

Next report

Jul 22, 2026 (In 1 week)
Revenue estimate$4.2B
EPS estimate$5.44

Financials

Q1 2026

Income statement

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Revenue$4.0B+15.5%
Gross profit$1.2B+13.4%
Operating income$367.9M+34.1%
Net income$264.9M+32.6%
EPS (diluted)$5.10+36.4%

Balance sheet

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Cash & equivalents$249.7M-10.1%
Total debt$2.0B+15.3%
Total equity$7.1B+0.3%
Total assets$10.8B+4.3%

Cash flow

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Operating cash flow$151.4M+135%
CapEx$64.2M-26.1%
Free cash flow$87.2M+489%

Valuation & ratios

Valuation

as of 07/13/26
See full
Market cap$19.36B+12.4%
Enterprise value$21.14B+13.0%
P/E24×+0.7×
P/S1.3×0.0×

Profitability

See full
Gross margin28.6%-0.7pp
Operating margin7.5%-0.2pp
Net margin5.4%-0.2pp
FCF margin4.1%-2.9pp

Returns & leverage

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Return on equity11.3%+1.0pp
Debt / equity0.3×0.0×
Current ratio4.4×+1.2×

Segments

By product

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Carbon Steel$2.2B+16.5%
Aluminum$754.6M+24.6%
Stainless Steel$539.0M+7.1%
Alloy Steel$180.6M+14.0%
Toll Processing$171.9M+7.3%

By segment

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Metals Service Centers$4.0B+15.5%

Versus estimates

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Questions, answered.

When did Reliance report Q1 2026 earnings?
Reliance (RS) reported Q1 2026 earnings on April 22, 2026 after market close.
What were Reliance's Q1 2026 revenue and EPS?
Reliance reported revenue of $4.0B and diluted EPS of $5.16 for Q1 2026.
Did Reliance beat estimates in Q1 2026?
Revenue beat the consensus estimate of $3.9B by $134.9M. EPS beat the consensus estimate of $4.63 by $0.53.
How did Reliance's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 15.5% from $3.5B a year earlier and diluted EPS grew 36.9% from $3.77.
Where can I find Reliance's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001171843-26-002647) and the 10-Q periodic report (0001104659-26-051524) directly on SEC EDGAR. The filing index links above go to sec.gov.