Reliance: Q4 Financial Results Overview

Reliance, Inc. Announces Fourth-Quarter Financial Results

Reliance, Inc., headquartered in Phoenix, disclosed its financial performance for the fourth quarter on Wednesday, reporting a net income of $116.5 million.

The company achieved earnings of $2.22 per share, with adjusted earnings—excluding one-time expenses—reaching $2.40 per share.

These figures fell short of analyst projections, as the consensus estimate from four analysts polled by Zacks Investment Research anticipated earnings of $2.80 per share.

However, Reliance, Inc. surpassed revenue expectations, generating $3.5 billion in sales for the quarter. This result exceeded the $3.38 billion forecasted by three Zacks analysts.

For the full year, Reliance, Inc. reported a total profit of $739.4 million, translating to $13.98 per share, with annual revenue amounting to $14.29 billion.

Financial data sourced from Zacks Investment Research.