Earnings Estimates Moving Higher for Reliance (RS): Time to Buy?
Reliance (RS) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Reliance Steel & Aluminum Co. (RS) operates as a premier diversified metal solutions provider and a leading metal service center, serving clients ...
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Est. EPS $23.15 · Revenue $17.57B · 5 analysts
Est. EPS $23.14 · Revenue $17.33B · 5 analysts
Est. EPS $4.58 · Revenue $3.78B · 4 analysts
Est. EPS $4.02 · Revenue $3.55B · 4 analysts
$4.90 per share
$4.90 per share
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $14.3B | +3.3% | +15.0% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $739.4M | -15.5% | +21.3% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +26.8% | -3.4% | -2.9% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +7.2% | -15.8% | +4.4% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +5.2% | -18.2% | +5.4% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $502.5M | -49.7% | -21.1% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +3.5% | -51.3% | -31.4% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 27.8% | +41.3% | -5.4% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 4.88x | +52.0% | -2.0% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $10.4B | +3.5% | +3.3% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 13.98 vs 14.69 | -4.8% | 6.28 vs 4.58 | +37.2% |
| Revenue Surprise | $14.3B vs $14.2B | +0.4% | $4.6B vs $3.8B | +22.6% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 26, 2026 | Colonias Karen Winifred | director | Common Stock | D | 1,542 | $390.13 |
| Jul 31, 2026 | Ajemyan Arthur | officer: SVP, CFO | Common Stock | D | 2,200 | $410.11 |
| Jul 28, 2026 | Smith William A II | officer: SVP, General Counsel, Corp Sec | Common Stock | D | 962 | $413.90 |
| Jul 28, 2026 | Smith William A II | officer: SVP, General Counsel, Corp Sec | Common Stock | D | 1,391 | $414.42 |
| May 20, 2026 | Sznewajs John G | director | Common Stock | A | 469 | — |
Operator: Greetings, and welcome to the Reliance, Inc. Second Quarter 26 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. If anyone should require operator assistance, please press zero. it is now my pleasure to turn the call over to Kimberly Orlando, Investor Relations. Kimberly, please go ahead. Kimberly Orlando: Thank you, operator. Good morning, and thanks to all of you for joining our conference call to discuss Reliance's Second Quarter 26 Financial Results. I am joined by Karla R. Lewis, president and Chief Executive Officer; Stephen Koch, Executive Vice President and Chief Operating Officer; and Arthur Ajemyan, Senior Vice President and Chief financial officer. A recording of this call will be posted on the Investors section of our website at investor.reliance.com. Please read the forward-looking statement disclosures included in our earnings release issued yesterday and note that it applies to all statements made during this teleconference. The reconciliations of the adjusted numbers are included in the non-GAAP reconciliation part of our earnings release. I will now turn the call over to Karla R. Lewis, President and CEO of Reliance. Karla R. Lewis: Good morning, everyone, and thank you for joining us to discuss our second quarter 26 results. Reliance delivered another excellent quarter building on the positive momentum of the first quarter and the continued strong execution by our teams. Market conditions remained favorable, supported by improving customer activity, extended mill lead times, and strong pricing across our broad product portfolio. We achieved our second highest quarterly revenue as well as record quarterly tons sold and continue to outperform broader industry shipment trends. These results and our sustained industry outperformance reflect our scale, diversification across end markets, products, and value-add service offerings and our position as a partner of choice with domestic mills. Nonresidential construction end-market sales remained strong and we began to see meaningful improvements in our sales to the general manufacturing aerospace and semiconductor end markets throughout the second quarter. We also benefited from initial contributions from the US Department of Homeland Security border wall contract that we were awarded earlier this year generating activity in excess of our guidance and contributing meaningfully to our second quarter earnings, Steve and Arthur will speak about its financial impact later in the call. Elevated pricing levels along with strong execution by our teams drove significant growth in our profitability. Including a 40% year-over-year increase in non-GAAP pretax income and non-GAAP earnings per share of $6.27, our highest EPS result since the second quarter of 2023. Trade policy continues to limit imports and support strong domestic pricing, which is further strengthened by extended lead …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Karla R. Lewis | President, Chief Executive Officer & Director | USD 3,831,653 | Female | 1966 | Active |
Stephen Koch | Executive Vice President & Chief Operating Officer | USD 2,323,621 | Male | 1967 | Active |
Arthur Ajemyan | Chief Financial Officer & Senior Vice President | USD 2,118,073 | Male | 1976 | Active |
William A. Smith | Senior Vice President, General Counsel & Corporate Secretary | USD 1,967,242 | Male | 1968 | Active |
Scott Ramsbottom | Vice President & Chief Information Officer | — | Male | 1974 | Active |
Brenda S. Miyamoto | Senior Vice President of Strategic Planning & Programs | — | Female | 1973 | Active |
Vandy C. Lupton | Vice President of Health & Human Resources | — | Female | 1976 | Active |
Reliance (RS) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

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First Trust Advisors LP raised its position in shares of Reliance, Inc. (NYSE: RS) by 20.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 103,249 shares of the industrial products company's stock after buying an additional 17,371 shares during the quarter.
