23-07-2025
Reliance: Q2 Earnings Snapshot
SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — Reliance, Inc. (RS) on Wednesday reported second-quarter profit of $233.7 million.
On a per-share basis, the Scottsdale, Arizona-based company said it had net income of $4.42. Earnings, adjusted for one-time gains and costs, came to $4.43 per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $4.72 per share.
The metals service-center company posted revenue of $3.66 billion in the period.
For the current quarter ending in September, Reliance expects its per-share earnings to range from $3.60 to $3.80.
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