Ajemyan Arthur sold $902K of RS

Reliance Inc (RS) reported Q3 2026 earnings with record sales and 120% EPS growth. However, LIFO expenses were higher than expected at $187.5M, and full-year outlook increased to $450M. Gross profit margin decreased 20 basis points to 27.9%. The U.S. Border Wall project, valued at $1.45B, is expected to be completed by Q2 2027, with Phase 2 orders already secured. Supply constraints and higher SG&A expenses could limit future growth.

Reliance reported Q3 earnings with sales up 43% YoY, driven by higher shipments and pricing. Gross profit rose 12% sequentially to $1.5B, but margins were pressured by LIFO expenses and the border wall project. The company raised its full-year LIFO expense outlook to $450M. Reliance expects Q4 EPS of $7.40-$7.60, including $0.70 from the border wall contract. It also increased its share repurchase authorization to $2.5B.

Reliance, Inc. (RS) reported Q3 2026 net sales of $5.21B, up 13% sequentially, with EPS of $7.84 and non-GAAP EPS of $8.02, exceeding expectations. Pretax income rose 115% YoY to $531.9M. The company increased its share repurchase program to $2.5B, citing strong market conditions and customer demand.

Reliance Steel (RS) reported Q3 adjusted EPS of $8.02, beating estimates by $1.22, with revenue of $5.21B, up 42.8% YoY. Higher pricing and demand drove results, with Q4 guidance of $7.40-$7.60 EPS. The company returned $109M to shareholders and increased its buyback authorization to $2.5B.

Reliance Inc (RS) reported Q3 EPS of $8.02, beating estimates by $1.22, with revenue at $5.21B, above consensus. The company guided Q4 2026 EPS to $7.40-$7.60, higher than the $5.94 estimate. RS stock is up 3.25% in 3 months and 53.48% in 12 months, with 7 positive EPS revisions in 90 days.

Reliance, Inc. (RS) reported Q3 profit of $402.9M, or $7.84 per share, beating analyst estimates of $6.76 per share. Revenue was $5.21B, exceeding expectations of $4.68B. The company forecasts Q4 EPS between $7.40 and $7.60.