Reliance

Reports Second Quarter 2025 Financial Results Net sales of $3.66 billion with record second-quarter tons sold, up 4.0% year-over-year Strong non-GAAP gross profit margin of 29.9% Pretax income of $304.3 million increased 16% from Q1 2025 EPS of $4.42; non-GAAP EPS of $4.43 up 18% from Q1 2025 Repurchased $79.9 million of common stock SCOTTSDALE, Ariz.

SEC original ↗Reliance — Earnings release (8-K exhibit)EX-99Jul 23, 2025

Additionally, we remain dedicated to returning capital to our stockholders with $143.0 million returned through dividends and share repurchases in the second quarter and over 1.2 million shares repurchased year-to-date at favorable prices.

SEC original ↗Reliance — Earnings release (8-K exhibit)EX-99Jul 23, 2025

Balance Sheet & Cash Flow As of June 30, 2025, Reliance s cash and cash equivalents totaled $239.5 million with total debt outstanding of $1.43 billion, including $282.0 million of outstanding borrowings under the Company s $1.5 billion revolving credit facility.

SEC original ↗Reliance — Earnings release (8-K exhibit)EX-99Jul 23, 2025

Stockholder Return Activity On July 22, 2025, the Board of Directors declared a quarterly cash dividend of $1.20 per share of common stock, payable on August 29, 2025 to stockholders of record as of August 15, 2025.

SEC original ↗Reliance — Earnings release (8-K exhibit)EX-99Jul 23, 2025

Reliance repurchased 301,279 shares of its common stock in the second quarter of 2025 at an average price of $265.17 per share, for a total of $79.9 million.

SEC original ↗Reliance — Earnings release (8-K exhibit)EX-99Jul 23, 2025

As of June 30, 2025, $1.02 billion remained available under the Company s share repurchase program that was replenished to $1.5 billion on October 22, 2024.

SEC original ↗Reliance — Earnings release (8-K exhibit)EX-99Jul 23, 2025

Importantly, we maintained a strong gross profit margin within our sustainable range of 29% to 31%, in line with our smart, profitable growth initiative, increasing our non-GAAP diluted earnings per share by 18% over the prior quarter.

SEC original ↗Reliance — Earnings release (8-K exhibit)EX-99Jul 23, 2025

Reliance continues to generate strong cash flow from operations throughout market cycles that it redeploys to execute the Company s opportunistic capital allocation strategies.

SEC original ↗Reliance — Earnings release (8-K exhibit)EX-99Jul 23, 2025

Reliance focuses on small orders with quick turnaround and value-added processing services.

SEC original ↗Reliance — Earnings release (8-K exhibit)EX-99Jul 23, 2025

Forward-looking statements may include, but are not limited to, discussions of Reliance s industry and end markets, business strategies, acquisitions, and expectations concerning the Company s future growth and profitability and its ability to generate industry leading returns for its stockholders, as well as future demand and metals pricing and the Company s results of operations, margins, profitability, taxes, liquidity, macroeconomic conditions, including inflation and the possibility of an economic recession or slowdown, litigation matters, and capital resources.

SEC original ↗Reliance — Earnings release (8-K exhibit)EX-99Jul 23, 2025

Capital expenditures in both periods included significant investments in growth initiatives.

SEC original ↗Reliance — 10-Q Quarterly report10-QJul 28, 2026

Given the strong tariff-driven momentum of both demand and pricing near the end of the first quarter, pricing for many -products peaked in April, then declined for the remainder of the quarter.

SEC original ↗Reliance — Earnings release (8-K exhibit)EX-99Jul 23, 2025

The Company expects demand for automotive toll processing to remain stable in the third quarter of 2025, subject to significant uncertainty about North American trade policy.

SEC original ↗Reliance — Earnings release (8-K exhibit)EX-99Jul 23, 2025

Business Outlook Reliance anticipates overall demand in the third quarter of 2025 will remain stable across the diversified end markets it serves, subject to normal seasonal patterns, which reflects both a seasonal decline in shipping volumes attributable to planned customer shutdowns and vacation schedules and ongoing uncertainty regarding domestic and international trade policy.

SEC original ↗Reliance — Earnings release (8-K exhibit)EX-99Jul 23, 2025

Forward-looking statements may include, but are not limited to, discussions of Reliance s industry and end markets, business strategies, acquisitions, and expectations concerning the Company s future growth and profitability and its ability to generate industry leading returns for its stockholders, as well as future demand and metals pricing and the Company s results of operations, margins, profitability, taxes, liquidity, macroeconomic conditions, including inflation and the possibility of an economic recession or slowdown, litigation matters, and capital resources.

SEC original ↗Reliance — Earnings release (8-K exhibit)EX-99Jul 23, 2025

Forward-looking statements involve known and unknown risks and uncertainties and are not guarantees of future performance.

SEC original ↗Reliance — Earnings release (8-K exhibit)EX-99Jul 23, 2025

Deteriorations in economic conditions, including as a result of tariffs or trade barriers, economic policies, inflation, economic recession, slowing growth, outbreaks of infectious disease, or geopolitical conflicts such as in Ukraine and the Middle East, could lead to a decline in demand for the Company s products and services and negatively impact its business, and may also impact financial markets and corporate credit markets which could adversely impact the Company s access to financing or the terms of any financing.

SEC original ↗Reliance — Earnings release (8-K exhibit)EX-99Jul 23, 2025