Reliance Inc's Q4 sales rise 11.9%, beat expectations

Reliance

18/02/2026 21:21

Overview

Metals service center's Q4 net sales rose 11.9%, beating analyst expectations

Adjusted EPS for Q4 missed analyst expectations

Company repurchased $594.1 mln of common stock in 2025, reducing outstanding shares by 4%

Outlook

Reliance expects Q1 2026 tons sold to rise 5% to 7% from Q4 2025

Company anticipates Q1 2026 average selling price per ton up 3% to 5%

Reliance forecasts Q1 2026 non-GAAP EPS of $4.50 to $4.70

Result Drivers

TONS SOLD - Q4 tons sold increased 5.8% year-over-year, contributing to a 11.9% rise in net sales

ALUMINUM PRICING - Higher aluminum prices contributed to a 0.9% increase in average selling price per ton sold

LIFO EXPENSE - Q4 LIFO expense was $38.7 mln, exceeding expectations due to higher aluminum costs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Beat
$3.50 bln
$3.44 bln (7 Analysts)
Q4 Adjusted EPS
Miss
$2.40
$2.83 (7 Analysts)
Q4 EPS
$2.22
Q4 Adjusted Gross Margin
27.40%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the iron & steel peer group is "buy."

Wall Street's median 12-month price target for Reliance Inc is $325.00, about 4.5% below its February 17 closing price of $340.30

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nGNX1YxNvT

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)