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Reliance (RS) guidance and outlook
Reliance (RS) gave its guidance on Oct 21, 2026: EPS $7.84 for Q4 2026; EPS +120% for Q4 2026; EPS $7.84 for Q4 2026; EPS +120% for Q4 2026. Reliance's 10-Q filed Jul 28, 2026 makes 8 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| EPS | Q4 2026 | $7.84 | new |
| EPS | Q4 2026 | +120% | new |
| EPS | Q4 2026 | $7.84 | new |
| EPS | Q4 2026 | +120% | new |
| Gross margin | Q4 2026 | +20 bps | new |
From the earnings release filed Oct 21, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Jul 28, 2026
- On a FIFO basis, which excludes the impact of LIFO accounting and is how management evaluates operating performance, gross profit margin improved 10 basis points in the second quarter of 2026 compared to the prior year period despite shipments under the U.S. border wall project reducing gross profit margin by approximately 40 basis points.
- The U.S. border wall project generated favorable operating leverage due to a below-average SG&A expense per ton profile, contributing approximately 30 basis points to our pretax income margin in the second quarter of 2026.
- Shipments under the U.S. border wall project also generated favorable operating leverage due to a below-average SG&A expense per ton profile, contributing to increases in our operating income margins.
- We believe we will continue to have sufficient liquidity to fund future operating needs and repay debt obligations as they become due.
- capacity under our unsecured revolving credit facility, we expect to be able to access the capital markets to raise funds, if desired.
- We expect our sources of liquidity to remain adequate to maintain operations, make necessary capital expenditures, finance strategic growth through acquisitions and internal initiatives, and fund our stockholder return activities.
- We cannot predict whether period-to-period fluctuations will be consistent with historical patterns.
- The information found on these websites is not incorporated into this Quarterly Report on Form 10-Q or in any other report or document we file with the SEC, and any references to website URLs are intended to be inactive textual references only.
Reliance's latest quarter
Reliance, Q3 2026: revenue $5.2B (+43% year over year), operating margin 10.6%, net earnings $403M, operating cash flow $212M. The chart follows the revenue to costs, profit and cash.
Questions
Did Reliance raise or lower its guidance?
Reliance (RS) gave its guidance on Oct 21, 2026: EPS $7.84 for Q4 2026; EPS +120% for Q4 2026; EPS $7.84 for Q4 2026; EPS +120% for Q4 2026.
What does Reliance expect?
On a FIFO basis, which excludes the impact of LIFO accounting and is how management evaluates operating performance, gross profit margin improved 10 basis points in the second quarter of 2026 compared to the prior year period despite shipments under the U.S. border wall project reducing gross profit margin by approximately 40 basis points. The U.S. border wall project generated favorable operating leverage due to a below-average SG&A expense per ton profile, contributing approximately 30 basis points to our pretax income margin in the second quarter of 2026. Shipments under the U.S. border wal
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.