RSNYSEWholesale-Metals Service Centers & of ficesUS GAAP · USD

Reliance, Inc

Reliance, Inc. is a U.S.-based metals service center company that buys, processes, and distributes a broad range of metal products through a network of service centers. Its business combines inventory management, value-added processing, and just-in-time metal supply for industrial customers across North America.

Liikevaihto14,3mrd USD
+3,3 %v/v
Liikevoitto (EBIT)1 013milj. USD
−12,7 %v/v
EBIT-marginaali7,1%
−1,3 %-yks.v/v
Nettotulos739milj. USD
−15,5 %v/v
Vapaa kassavirta503milj. USD
−49,7 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

05101520mrd USD2020: 8,8 mrd USD2020: EBIT 0,57 mrd USD20202021: 14,1 mrd USD2021: EBIT 1,9 mrd USD20212022: 17,0 mrd USD2022: EBIT 2,5 mrd USD20222023: 14,8 mrd USD2023: EBIT 1,7 mrd USD20232024: 13,8 mrd USD2024: EBIT 1,2 mrd USD20242025: 14,3 mrd USD2025: EBIT 1,0 mrd USD202514,31,0
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Carbon steel53 %

Flat-rolled, plate, bar and other carbon steel products sold through service centers.

Aluminum17 %

Aluminum sheet, plate and related processed products for industrial use.

Stainless steel14 %

Stainless steel products supplied to customers needing corrosion-resistant metals.

Alloy and specialty metals4 %

Alloy metals and other specialty products used in more demanding applications.

Other metals and services12 %

Additional metal products, toll processing and value-added service revenue.

Tuotteet

Raportoitu · osuus liikevaihdosta
55,3%17,3%13,6%FY2025100 %
  • Carbon Steel55,3 %
  • Aluminum17,3 %
  • Stainless Steel13,6 %
  • Toll Processing4,5 %
  • Alloy Steel4,5 %
  • Muut4,7 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Reliance sells to a wide range of industrial buyers that need metals in smaller lots, frequent deliveries, and processed-to-spec form. Its customers include fabricators, manufacturers, construction-related businesses, and other metal-consuming end markets that rely on service-center inventory and processing capabilities.

Fabricators and manufacturers

Buy processed carbon steel, aluminum, stainless and alloy products for downstream production.

Construction and related businesses

Purchase metals for structural and project-based applications, often with seasonal demand.

Industrial and general manufacturing

Source metals through service centers for recurring operating needs and inventory flexibility.

Small and mid-sized buyers

Rely on frequent, smaller-quantity shipments and value-added processing rather than mill-direct buying.

Strategia

Reliance’s strategy centers on using scale, product breadth, and value-added processing to win share in fragmented metals distribution markets. The company emphasizes frequent, smaller-quantity shipments, strong customer service, and inventory availability to serve customers that want flexibility rather than mill-direct purchasing.

Increase market share in metals service centersLyhyt aikaväli

Scale, service and product breadth help capture demand when customers buy more frequently in smaller quantities.

Differentiate through value-added processingKeskipitkä aikaväli

Processing capabilities make the company more than a commodity reseller and support customer retention.

Use acquisitions to broaden footprint and capabilitiesKeskipitkä aikaväli

Acquisitions can add locations, customers and product mix in a fragmented industry.

Maintain capital flexibility for growth and shareholder returnsLyhyt aikaväli

The business needs working capital and inventory funding while also supporting dividends and repurchases.

Maantiede

Reliance operates primarily in the United States, with a North American service-center footprint that supports customers across many industrial regions. Its business is tied to domestic manufacturing, construction, and industrial activity, so local demand patterns and shipping logistics matter more than international sales concentration.

Riskit

Reliance is exposed to metal price volatility, tariff and trade policy changes, and cyclical demand in construction and manufacturing. Because it buys and sells largely in the spot market and carries inventory, changes in replacement costs, customer ordering patterns, and LIFO accounting can move reported results materially.

Järjestetty vakavuuden mukaan
Metal price volatilityKorkea

The company primarily buys and sells in the spot market, so replacement costs flow quickly into selling prices and gross profit.

KohdistuuCarbon steelAluminumOther commodity metals
Tariffs and trade policy uncertaintyKorkea

Policy changes can alter customer ordering patterns, supplier economics and end-market demand.

Kohdistuu: Domestic and foreign trade flows

Cyclical end-market demandKorkea

Construction and manufacturing customers reduce or delay orders during slowdowns.

KohdistuuConstructionIndustrialFabrication markets
Acquisition integration and goodwill impairmentKeskitaso

Purchased businesses create integration complexity and large goodwill balances that must be tested for impairment.

Kohdistuu: 2024 acquisitions and acquired intangibles

Seasonal shipping and working capital swingsKeskitaso

Quarterly results can vary with shipping days, customer shutdowns and inventory investment needs.

KohdistuuFirst-quarter working capitalHoliday periods

Kirjanpito

Harkinnanvaraiset erät
LIFO inventory valuation

Metal price changes create non-cash LIFO expense or income that can materially move gross profit.

Vaikutus: Cost of sales and gross margin

Goodwill impairment

Acquisitions have created a large goodwill balance that must be tested for recoverability.

Vaikutus: Potential non-cash impairment charges

Intangible asset amortization

Acquired customer relationships and other finite-lived intangibles reduce reported earnings over time.

Vaikutus: Operating expenses and net income

Seasonality and shipping days

Quarterly revenue and profitability can vary with holidays, vacation shutdowns and shipping calendars.

Vaikutus: Period-to-period comparability

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026