Reliance, Inc. (RS)

In the past six months, Reliance, Inc.'s stock price has shown stable volatility, underperforming both the US Metals and Mining industry and the broader US Market over the past year. The company reported Q2 earnings with an EPS of $3.64, slightly missing estimates, but revenue surpassed estimates at $3.65 billion. For Q4 2025, Reliance has set its guidance at 2.65 to 2.85 EPS. A quarterly dividend of $1.20 per share was declared. Institutional investors have been active, with Boston Partners increasing its holdings and Advisors Asset Management Inc. trimming its stake. Strategic initiatives and market trends were discussed at the Jefferies Mining and Industrials Conference in September 2025, where Reliance Inc. highlighted its robust cash flow, consistent dividends, and focus on acquisitions.

Reliance, Inc. experiences demand seasonality, with the third quarter typically seeing a decrease in shipping volumes due to customers' planned shutdowns and vacations. For Q3 2025, Reliance forecasted a 1.0% to 3.0% decline in tons sold compared to Q2 2025, though this was expected to be a 3.0% to 5.0% increase over Q3 2024. Demand for products in the energy and aerospace sectors strengthened in Q3 2014 and was expected to improve further into 2015. The automotive sector also shows stable demand.

Reliance, Inc. is a leading diversified metal solutions provider and the largest metals service center company in North America. Headquartered in Scottsdale, Arizona, it operates within the Industrials sector, focusing on Metal Fabrications. The company provides value-added metals processing services and distributes approximately 100,000 metal products to over 125,000 clients across various industries.

Reliance, Inc. operates through a network of 320 locations across 41 states in the United States and in 10 countries outside the U.S., including Canada, China, France, India, Malaysia, Mexico, Singapore, South Korea, Turkey, the United Arab Emirates, and the United Kingdom.

Reliance, Inc. has a strong market position and long-standing presence as the largest metals service center operator in North America. Its business model emphasizes diversity of products and end markets, value-added services, and strong customer relationships, with a high customer retention rate. The company focuses on small orders with quick turnaround and value-added processing services, and has a history of strategic acquisitions.

Reliance, Inc. is heavily dominated by institutional ownership, holding approximately 83% to 84% of the shares. The general public holds a 16% to 17% stake, and insider ownership is less than 1%. The Vanguard Group, Inc. is the largest shareholder with 12% of shares outstanding. Thomas W. Gimbel is identified as the largest individual Reliance shareholder, owning 10.19 million shares, representing 19.49% of the company.