Reliance, Inc. reported second-quarter 2026 sales of US$4,630 million and net income of US$322.9 million, with higher earnings per share from continuing operations compared to a year earlier and no additional share repurchases during the quarter. The company grew both revenue and earnings over the quarter and first half of 2026 without relying on incremental buybacks, indicating that operating performance was the main driver of recent profit improvement. The board earlier this year raised the quarterly dividend to US$1.25 per share, underscoring management's commitment to returning cash while continuing to invest in capacity and acquisitions. Reliance's investment narrative projects $17.1 billion in revenue and $1.1 billion in earnings by 2029, with a fair value estimate of $386.25 per share, representing a 5% downside to its current price. Two fair value estimates from the Simply Wall St community range from roughly US$223 to US$386 per share, reflecting divergent views on the company's valuation amid ongoing risks from pricing volatility and trade uncertainty.
Reliance Steel & Aluminum CoStrong Q2 earnings and revenue growth, with no buybacks, indicating operating performance drove profit improvement.