Reliance, Inc. (RS)

The company now

Reliance, Inc. reported record net sales of $5.21 billion for the third quarter of 2026, up 13% from the second quarter 1.

Diluted earnings per share were $7.84, against $3.59 a year earlier 1.

Tons sold, the volume of metal shipped, rose 15.6% from a year before, and 9.4 percentage points of that came from a new federal border wall contract 12.

The company said the Department of Homeland Security awarded the multi-year contract in the first quarter of 2026 for steel and steel logistics support on the Southwest border wall 2.

Reliance also said carbon steel prices rose on tight supply, solid demand and a 50% Section 232 tariff, a US import tax on steel 2.

The board raised the share repurchase authorization to $2.5 billion on 20 October 2026 and declared a quarterly dividend of $1.25 per share 1.

The open question is how long the border wall shipments last, since the company expects them to add about $0.70 of earnings per share in the fourth quarter 1.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.