EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2026

EARNINGS PER SHARE

Computation of basic and diluted earnings per share

The following table sets forth the computation of basic and diluted earnings per share (in millions, except shares in thousands and per share amounts):


	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2026			2025			2026			2025
Numerator:
Net income – Reliance	$	322.9		$	233.7		$	587.8		$	433.4

Denominator:
Weighted average shares outstanding		51,050			52,610			51,340			52,841
Dilutive effect of stock-based awards⁽¹⁾		325			313			333			319
Weighted average diluted shares outstanding		51,375			52,923			51,673			53,160

Earnings per share:
Basic	$	6.33		$	4.44		$	11.45		$	8.20
Diluted	$	6.29		$	4.42		$	11.38		$	8.15

(1)	The computations of diluted earnings per share using the treasury stock method for the first six months of 2026 and 2025 do not include 104 and 100 weighted average shares, respectively, in respect of outstanding RSUs and PSUs, because their inclusion would have been anti-dilutive.