Reliance profits dip amid trade policy headwinds

Reliance Inc.

Third quarter ended Sept. 30	2025	2024	% Change
Net sales	$3,651.2	$3,420.3	6.8%
Net earnings (loss)	$189.5	$199.2	-4.9%
Per diluted share	$3.59	$3.61	-0.6%
Nine months ended Sept. 30
Net sales	$10,795.7	$10,708.4	0.8%
Net earnings (loss)	$622.9	$769.9	-19.1%
Per diluted share	$11.74	$13.55	-13.4%

(in millions of dollars except per share)

Ethan Bernard

Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.