Company Announcements
February 18, 2026
Reliance logs record tons sold in '25 as Q4 earnings rise
Written by Ethan Bernard
Reliance Inc.
| Fourth quarter ended Dec. 31 | 2025 | 2024 | % Change |
|---|---|---|---|
| Net sales | $3,498.6 | $3,126.6 | 11.9% |
| Net earnings (loss) | $116.5 | $105.3 | 10.6% |
| Per diluted share | $2.22 | $1.93 | 15% |
| Twelve months ended Dec. 31 | |||
| Net sales | $14,294.3 | $13,835.0 | 3.3% |
| Net earnings (loss) | $739.4 | $875.2 | -15.5% |
| Per diluted share | $13.98 | $15.56 | -10.2% |
Reliance Inc. reported record tons sold in 2025 as the company’s earnings improved in the quarter.
The Scottsdale, Ariz.-based service center group posted net earnings attributable to Reliance of $116.5 million in the fourth quarter of 2025, up 11% from a year earlier. Net sales rose 12% to $3.5 billion in the same comparison.
The firm sold 6.4 million tons in 2025, up 6% year over year. In Q4’25, Reliance sold 1.5 million tons, also a 6% gain from the year-earlier period.
“Our commitment to smart, profitable growth drove full-year shipments to a record 6.4 million tons sold, representing a significant increase in our domestic market share to about 17% from 15% in 2024,” President and CEO Karla Lewis said in a statement after market close on Wednesday.
Outlook
Reliance expects “continued healthy demand in the first quarter of 2026 across several of the key end markets it serves.”
This depends, of course, on domestic and international trade policy uncertainty.
Tons sold are seen up 5-7% sequentially in Q1’26. Meanwhile, Reliance expects its average selling price per ton sold for the Q1’26 will be up 3% to 5% vs. Q4’25 “on announced mill price increases from healthy demand.”
Finally, Reliance anticipates non-GAAP earnings per diluted share in the range of $4.50 to $4.70 for Q1’26. This reflects year-over-year growth of 19% to 25%, and is inclusive of a LIFO expense of $25 million, or $0.36 per diluted share.
“Entering 2026, we are operating in a healthy demand and strong pricing environment, with increasing customer optimism,” Lewis said.
