RELIANCE, INC.

For the period ended Dec 31, 2025. Filed Feb 26, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 26, 2026

RS$427.15+1.4%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income

(in millions, except shares in thousands and per share amounts)


Year Ended December 31, · 2025 · · 2024 · · 2023
Net Sales	$14,294.3	$13,835.0	$14,805.9

Costs and expenses:
Cost of sales (exclusive of depreciation and amortization shown below)	10,186.8	9,728.4	10,258.6
Warehouse, delivery, selling, general and administrative	2,806.7	2,666.2	2,562.4
Depreciation and amortization	278.2	268.7	245.4
Impairment	9.9	11.7	—
	13,281.6	12,675.0	13,066.4

Operating income	1,012.7	1,160.0	1,739.5

Other (income) expense:
Interest expense	55.7	40.3	40.1
Other income, net	(12.2)	(20.2)	(41.3)
Income before income taxes	969.2	1,139.9	1,740.7
Income tax provision	227.6	261.9	400.6
Net income	741.6	878.0	1,340.1
Less: net income attributable to noncontrolling interests	2.2	2.8	4.2
Net income attributable to Reliance	$739.4	$875.2	$1,335.9

Earnings per share attributable to Reliance stockholders:
Basic	$14.07	$15.70	$22.90
Diluted	$13.98	$15.56	$22.64

Shares used in computing earnings per share:
Basic	52,555	55,746	58,328
Diluted	52,875	56,246	59,015

2025 Form 10-K / 41

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.