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Reliance Steel & Aluminum Company (RS)
NYSE:RS
Earnings Data
Report Date
Apr 22, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
4.64Last Year’s EPS
3.77Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted strong operational execution: record shipments, market share gains, solid FIFO profitability improvement, robust cash flow generation, and a constructive near-term outlook with guidance implying year-over-year EPS growth. Principal weaknesses centered on tariff-driven aluminum cost increases and elevated LIFO expense that compressed reported margins and resulted in a year-over-year decline in GAAP diluted EPS, alongside pockets of demand weakness in commercial aerospace and semiconductors. Management characterized many headwinds as temporary or addressable in 2026 and pointed to continued financial flexibility to pursue organic investments, M&A and capital returns.Company Guidance
Record Shipment Volume and Market Share Gains
Tons shipped increased 6.2% in 2025 to a record 6.4 million tons; U.S. market share rose to ~17% from 15% in 2024 (≈ +2 percentage points); tolling tons increased 1.2% to 7.4 million.
Strong FIFO Profitability Improvement
FIFO gross profit margin increased by 90 basis points year-over-year in 2025; 2025 non-GAAP FIFO pretax income increased by $80 million versus 2024; excluding LIFO adjustments, 2025 non-GAAP FIFO earnings per diluted share rose 13.5% year-over-year.
Robust Q4 Financial Performance
Fourth quarter non-GAAP EPS of $2.40, up 8% year-over-year; Q4 non-GAAP pretax income rose ~28% year-over-year, driven by roughly +6% volumes and +6% selling prices versus prior year quarter.
Strong Cash Flow and Capital Returns
Generated $831 million in operating cash flow in 2025; returned $849 million to stockholders through dividends and share repurchases; repurchased $200 million of stock in Q4 at an average price of ~$279 and reduced shares outstanding by ~4% in 2025; ~$763 million remaining under repurchase authorization.
Conservative and Flexible Capital Plan
Announced 2026 capital expenditure budget of $275 million (total 2026 expected with carryover $300M–$325M), with ~half directed toward growth; management emphasizes ability to increase CapEx opportunistically for profitable customer opportunities.
Positive 2026 Near-Term Outlook
Guidance for Q1 2026: tons sold up 5%–7% vs Q4 2025 (flat vs Q1 2025), average selling price per ton expected to improve 3%–5% vs Q4 2025; forecasted Q1 2026 non-GAAP EPS $4.50–$4.70 (≈ +19%–25% YoY), inclusive of estimated Q1 LIFO expense of $25M ($0.36/sh).
Favorable Leverage and Balance Sheet
Total debt $1.4 billion at year-end 2025 with net debt-to-EBITDA < 1, providing liquidity to support M&A, buybacks, dividends and capital programs.
Operational Execution and Safety
Continued focus on safety with improved TRIR in 2025; operating leverage realized as same-store SG&A per ton fell nearly 1% for the full year despite inflationary wage and delivery cost pressures.
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 |
|---|---|---|---|
Feb 18, 2026 | $336.44 | $327.28 | -2.72% |
Oct 22, 2025 | $273.11 | $272.51 | -0.22% |
Jul 23, 2025 | $340.70 | $298.74 | -12.32% |
Apr 23, 2025 | $279.53 | $281.56 | +0.72% |
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 Apr 22, 2026, Before Open (Confirmed).
What is Reliance Steel & Aluminum Company (RS) earnings time?
Reliance Steel & Aluminum Company (RS) earnings time is at Apr 22, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
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 (Q1) is 4.64.