RELIANCE INC

For the period ended Dec 31, 2023. Filed Feb 29, 2024.

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.

FY2023 · Filed Feb 29, 2024

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

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Contents

Consolidated Statements of Income

(in millions, except number of shares which are reflected in thousands and per share amounts)


	Year Ended December 31,
· 2023 · 2022 · 2021
Net sales		$14,805.9	$17,025.0	$14,093.3

Costs and expenses:
Cost of sales (exclusive of depreciation and amortization shown below)		10,258.6	11,773.7	9,603.0
Warehouse, delivery, selling, general and administrative		2,562.4	2,504.2	2,306.5
Depreciation and amortization		245.4	240.2	230.2
Impairment of intangible assets		—	—	4.7
		13,066.4	14,518.1	12,144.4

Operating income		1,739.5	2,506.9	1,948.9

Other (income) expense:
Interest expense		40.1	62.3	62.7
Other (income) expense, net		(41.3)	14.2	3.1
Income before income taxes		1,740.7	2,430.4	1,883.1
Income tax provision		400.6	586.2	465.7
Net income		1,340.1	1,844.2	1,417.4
Less: net income attributable to noncontrolling interests		4.2	4.1	4.4
Net income attributable to Reliance		$1,335.9	$1,840.1	$1,413.0

Earnings per share attributable to Reliance stockholders:
Basic		$22.90	$30.39	$22.35
Diluted		$22.64	$29.92	$21.97

Shares used in computing earnings per share:
Basic		58,328	60,559	63,217
Diluted		59,015	61,495	64,327

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.