Capital AllocationReliance's healthy balance sheet and free cash flow generation should continue to support a balanced capital allocation, investing in growth and shareholder returns.
Financial PerformanceReliance is a best-in-class metals service center and processor that will continue to deliver solid/resilient through-cycle performance.
Growth PotentialThere is potential for meaningful free cash flow growth through FY27, supporting dividends, buybacks, and opportunistic M&A, aided by capex requirements trending lower.