Reliance reports record tons sold and strong earnings
Net sales of $4 billion, EPS of $5.10, and non-GAAP EPS up 37% year-over-year.
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Diversified metal solutions provider
reliance.comLast updated
In short: Reliance reported record Q1 2026 performance, secured major government contracts, and leased data center space to Meta to support AI.
Net sales of $4 billion, EPS of $5.10, and non-GAAP EPS up 37% year-over-year.
The company will host a conference call on April 23 at 11 a.m. Eastern Time. Dial-in and webcast details are provided.
AMI Metals received a DHS steel logistics award up to $2.24B and an IDIQ with Lockheed Martin for aluminum up to $654M, with deliveries starting Q2 2026.
Net sales up 11.9% to $3.5 billion, record tons sold up 5.8% year-over-year.
RELIANCE INC has an Investment Rating of BUY; a target price of $411.000000; an Industry Subrating of High; a Management Subrating of Medium; a Safety...
Translation? Meta needs a lot more data centers. And it can't build them all itself....
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Reliance, Inc. RS shares have rallied 30.3% in the past three months. The company has also outperfor...
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