RELIANCE INC
For the period ended Jun 30, 2024. Filed Aug 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 1, 2024
RS$427.15+1.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Consolidated Statements of Equity
(in millions, except per share amounts)
| | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| · Three Months Ended · · Six Months Ended | |||||||||||
| · June 30, · · June 30, | |||||||||||
| · 2024 · 2023 · 2024 · 2023 | |||||||||||
| Total equity, beginning balances | $7,942.7 | | $7,354.4 | | $7,732.8 | | $7,095.9 | ||||
| | | | | | | | | | | | |
| Common stock and additional paid-in capital: | | | | | | | | | | | |
| Beginning balances | | 0.1 | | | 0.1 | | | 0.1 | | | 0.1 |
| Stock-based compensation | | 13.9 | | | 18.1 | | | 26.9 | | | 31.6 |
| Taxes paid related to net share settlement of restricted stock units | | (0.2) | | | (0.1) | | | (13.2) | | | (7.5) |
| Repurchase of common shares | | (13.7) | | | (18.0) | | | (13.7) | | | (24.1) |
| Ending balances | | 0.1 | | | 0.1 | | | 0.1 | | | 0.1 |
| | | | | | | | | | | | |
| Retained earnings: | | | | | | | | | | | |
| Beginning balances | | 8,025.6 | | | 7,432.1 | | | 7,798.9 | | | 7,173.6 |
| Net income attributable to Reliance | | 267.8 | | | 385.1 | | | 570.7 | | | 768.2 |
| Cash dividends and dividend equivalents | | (62.6) | | | (58.6) | | | (127.9) | | | (120.6) |
| Taxes paid related to net share settlement of restricted stock units | | — | | | — | | | (10.9) | | | (29.8) |
| Repurchase of common shares | | (505.6) | | | (55.9) | | | (505.6) | | | (88.7) |
| Excise tax on repurchase of common shares | | (0.8) | | | (0.6) | | | (0.8) | | | (0.6) |
| Ending balances | | 7,724.4 | | | 7,702.1 | | | 7,724.4 | | | 7,702.1 |
| | | | | | | | | | | | |
| Accumulated other comprehensive loss: | | | | | | | | | | | |
| Beginning balances | | (93.3) | | | (86.5) | | | (76.7) | | | (86.3) |
| Other comprehensive loss | | (8.2) | | | (0.1) | | | (24.8) | | | (0.3) |
| Ending balances | | (101.5) | | | (86.6) | | | (101.5) | | | (86.6) |
| | | | | | | | | | | | |
| Total Reliance stockholders' equity, ending balances | | 7,623.0 | | | 7,615.6 | | | 7,623.0 | | | 7,615.6 |
| | | | | | | | | | | | |
| Noncontrolling interests: | | | | | | | | | | | |
| Beginning balances | | 10.3 | | | 8.7 | | | 10.5 | | | 8.5 |
| Comprehensive income | | 0.5 | | | 1.2 | | | 1.4 | | | 2.5 |
| Acquisition | | 0.3 | | | — | | | 0.3 | | | — |
| Dividends paid | | (1.1) | | | — | | | (2.2) | | | (1.1) |
| Ending balances | | 10.0 | | | 9.9 | | | 10.0 | | | 9.9 |
| | | | | | | | | | | | |
| Total equity, ending balances | $7,633.0 | | $7,625.5 | | $7,633.0 | | $7,625.5 | ||||
| | | | | | | | | | | | |
| Cash dividends declared per common share | $1.10 | | $1.00 | | $2.20 | | $2.00 | ||||
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