Reliance Q3 2025 EPS $3.59, tons sold record up 6.2% YoY; guides Q4 EPS $2.65-$2.85

RELIANCE, INC.

2025-Q3 EPS reported $11.74 revenue$10,795,700,000

Net sales $3.65B; GAAP diluted EPS $3.59 vs $3.61 YoY; non-GAAP EPS $3.64 flat YoY.
Tons sold 1.615M (record Q3), +6.2% YoY; market share rose to 17.1% from 14.5% in 2023.
LIFO expense $25M ($0.35/share) vs LIFO income $50M ($0.68/share) in Q3 2024.
Q4 2025 guidance: tons sold -5% to -7% seq; non-GAAP EPS $2.65-$2.85 vs Q3 $3.64.
Board adopted Executive Severance Policy for officers; provides 12 months salary plus pro-rata bonus on termination without cause.

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