Reliance Steel & Aluminum Company (RS)
NYSE:RS
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Earnings Data
Report Date
Jul 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
5.34Last Year’s EPS
4.43Same Quarter Last Year
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call featured multiple material positives: record volumes, stronger pricing, double-digit sales growth (+15% YoY), meaningful margin and earnings expansion (non-GAAP pretax income +33% YoY; EPS +37% YoY), strategic contract awards (government defense/infrastructure), a healthy balance sheet and active capital returns. Key negatives were largely transitory or technical: elevated LIFO expense (Q1 $37.5M) and tariff-driven margin distortion in aluminum, modest SG&A inflation, and pockets of end-market softness (commercial aerospace). Management raised full-year LIFO guidance due to recent metal cost moves and cautioned that pricing momentum may moderate in Q2, but overall execution, contract wins and financial returns outweigh the lower‑order challenges.Company Guidance
Revenue Growth
Sales increased 15% year-over-year in Q1 2026 driven by higher shipments and pricing.
Record Volume and Outperformance
Record tons sold in Q1; tons sold rose 9.4% sequentially (Q4 2025) and 2.7% year-over-year, outperforming the service center industry by ~8 percentage points (industry shipments declined 5.1% YoY) for the 13th consecutive quarter.
Pricing and ASP Improvement
Average selling price per ton increased 5.3% quarter-over-quarter, contributing to higher revenue and margin expansion.
Strong Profitability Expansion
Non-GAAP pretax income grew ~33% year-over-year to $354 million, with pretax margin at 8.8% (+120 bps). Non-GAAP diluted EPS rose nearly 37% YoY to $5.16.
Gross Profit and Margin Expansion
Gross profit of $1.2 billion was up 23% vs. Q4 2025 and 13% vs. Q1 2025. Non-GAAP FIFO gross profit margin expanded to 30.1% from 28.5% in Q4 2025 (slightly below 30.4% in prior year).
Significant Contract Wins
Secured two major government contracts via AMI Metals (Department of Homeland Security border wall and Joint Strike Fighter programs) collectively described as up to approximately $3.0 billion in potential revenue; DHS Phase 1 disclosed as $1.4 billion through mid‑2027.
Capital Return and Balance Sheet Strength
Increased dividend rate 4% to $5.00 annualized, repurchased $234 million of shares in Q1 (with ~$529 million remaining authorization), total debt $1.7 billion and net debt-to-EBITDA ~1.0, supporting continued buybacks, dividends and M&A optionality.
Cash Flow, Inventory and Capital Investment
Operating cash flow of approximately $151 million in Q1 (seasonal working capital build); inventory turns improved to ~5x (from 4.9x last year); Q1 capex of $64 million with full-year capex guidance of ~$300 million (roughly half strategic growth investments).
Q2 Outlook and Guidance
Q2 2026 non-GAAP EPS guidance of $5.15–$5.35, implying +16% to +21% YoY (includes estimated $37.5 million LIFO expense / ~$0.54 per share); management expects demand and pricing generally in line with Q1.
RS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 22, 2026 | $350.87 | $344.55 | -1.80% |
Feb 18, 2026 | $335.09 | $325.96 | -2.72% |
Oct 22, 2025 | $272.01 | $271.41 | -0.22% |
Jul 23, 2025 | $339.33 | $297.54 | -12.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Reliance Steel & Aluminum Company (RS) report earnings?
Reliance Steel & Aluminum Company (RS) is schdueled to report earning on Jul 23, 2026, Before Open (Confirmed).
What is Reliance Steel & Aluminum Company (RS) earnings time?
Reliance Steel & Aluminum Company (RS) earnings time is at Jul 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RS EPS forecast?
RS EPS forecast for the fiscal quarter 2026 (Q2) is 5.34.