Reliance Inc Raises Quarterly Dividend 4.2% to $1.25 Per Share
Reliance Inc (NYSE: RS), a metals service center company, declared a quarterly cash dividend of $1.25 per share, marking a 4.2% increase from the prior $1.20 quarterly payment. The board approved the dividend on February 13, 2026.
Reliance Inc (NYSE: RS), a metals service center company, declared a quarterly cash dividend of $1.25 per share, marking a 4.2% increase from the prior $1.20 quarterly payment. The board approved the dividend on February 13, 2026. Read more dividend announcements.
The new quarterly rate brings the annualized dividend to $5.00 per share. The dividend will be paid on March 20, 2026 to shareholders of record as of March 6, 2026.
The Phoenix-based company has paid regular quarterly cash dividends for 66 consecutive years without reduction or suspension. Since its 1994 initial public offering, Reliance has increased its dividend 33 times.
| Dividend Details | Information |
|---|---|
| Amount | $1.25 per share |
| Increase | 4.2% from $1.20 |
| Annual Rate | $5.00 per share |
| Record Date | March 6, 2026 |
| Payment Date | March 20, 2026 |
Fourth Quarter and Full Year Results
Reliance reported fourth quarter 2025 net sales of $3.5 billion, up 11.9% year-over-year, marking the strongest fourth quarter growth since 2021. Tons sold reached a record for the quarter, rising 5.8% compared to the prior year period.
For the full year 2025, net sales totaled $14.3 billion, an increase of 3.3% from 2024. Annual tons sold reached a record 6.4 million, up 6.2% year-over-year.
The company generated cash flow from operations of $276.1 million in the fourth quarter and $831.4 million for the full year. Gross profit margin for the fourth quarter was 27.3%, compared to 28.3% in the prior year period.
Capital Deployment and Share Repurchases
Reliance deployed $1.18 billion toward stockholder returns and organic growth activities in 2025. The company repurchased $594.1 million of common stock during the year, reducing outstanding shares by 4%.
Fourth quarter share repurchases totaled $200.1 million, representing approximately 716,000 shares at an average price of $279.30 per share. The company had $763.5 million remaining under its share repurchase program as of December 31, 2025.
Cash dividends paid in 2025 totaled $254.7 million, while capital expenditures for organic growth reached $328.9 million.
Financial Position
As of December 31, 2025, Reliance held $216.6 million in cash and cash equivalents. Total debt outstanding stood at $1.43 billion, including $277.0 million drawn under the company's $1.5 billion revolving credit facility.
Pretax income for the fourth quarter was $154.8 million, up 16.0% from $133.5 million in the prior year period. Full year pretax income totaled $969.2 million, down 15.0% from $1.14 billion in 2024.
Market Outlook
The company expects first quarter 2026 tons sold to increase 5% to 7% compared to the fourth quarter, consistent with normal seasonal patterns. Average selling price per ton is projected to rise 3% to 5% on announced mill price increases driven by healthy demand.
Reliance anticipates continued healthy demand across several key end markets in the first quarter, subject to ongoing domestic and international trade policy uncertainty. Demand for automotive toll processing is expected to remain relatively steady at healthy levels, while semiconductor market demand faces continued pressure from excess inventory in the supply chain.