Developer docs
API playgroundTry for free, no card

Search company profiles

Reliance, Inc.

Full company profile

uuid0002iac

Namestring
Reliance, Inc.
Legal namestring
Reliance, Inc.
Websiteurl
reliance.com
Company typeenum
Public
Founded yearint
1939
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersScottsdale, United States
HQ citystring
Scottsdale
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices4 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
metals service centers, metal distribution, value-added processing, steel distribution, metal fabrication
Industry2 codes
1Steel Products Trading & Service Centers (Flat, Long, Pipe & Tube, Rebar)
CodeIMAKAJABPrimaryYes
2Metals, Plastics & Fabrication Materials Marketplaces
CodeCRAFAHANPrimaryNo
NAICS code2 codes
  • Metal Service Centers and Other Metal Merchant Wholesalers423510
  • All Other Fabricated Metal Product Manufacturing33299
SIC code2 codes
  • Wholesale-Metals Service Centers & Offices5051
  • Miscellaneous Fabricated Metal Products3490
Product category
Metals Service Centers
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Metal Distribution and Processing
TypeTransaction Fee
Description

The company acquires primary metal products (carbon steel, aluminum, stainless steel, brass, copper, titanium, and alloy steel) from producers, processes them to customer specifications, and distributes to over 125,000 customers across various industries. Revenue is generated through transaction-based sales of processed metals with value-added processing services.

reliance.com
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Pricing details1 tier
1Transaction-based metal sales with processing services
ModelTransaction based/ take rateBilling cadencePay-as-you-go
Notes

Pricing determined by metal type, volume, processing requirements, and market conditions. No public pricing tiers available.

reliance.com
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 4 records shown
1FastMetals
Description

E-commerce business launched in February 2020 for smaller, specialized end-users including artists, fabricators, machine shops, hobbyists, and do-it-yourself practitioners. Offers instant pricing, same-day shipping, no minimum order quantity.

reliance.com
+3 more records
Core offering1 text field

Reliance, Inc. is the largest diversified metal solutions provider and metals service center company in North America, distributing over 100,000 metal products including carbon steel, aluminum, stainless steel, brass, copper, titanium, and alloy steel through 320+ locations across 41 states and 10 countries. The company offers value-added metals processing services including custom cutting, slitting, plasma burning, forming, and inventory management, with just-in-time delivery often within 24 hours. The company also operates the FastMetals e-commerce platform serving smaller specialized end-users including artists, fabricators, machine shops, hobbyists, and do-it-yourself practitioners.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • 95%+ customer retention rate
+2 more records
Product overview1 text field

Reliance, Inc. is a diversified metal solutions provider and the largest metals service center company in North America, operating as a platform of over 75 distinct subsidiary brands across 320+ locations in 41 states and 10 countries. The company distributes over 100,000 metal products including carbon steel, aluminum, stainless steel, brass, copper, titanium, and alloy steel, while offering value-added metals processing services such as cutting, slitting, plasma burning, forming, and inventory management. The product portfolio includes specialized sub-brands like FastMetals (e-commerce platform), Reliance Aerospace Solutions (aerospace distribution), and Reliance Metalcenter, alongside numerous acquired regional service centers such as Admiral Metals, All Metal Services, American Alloy Steel, AMI Metals, Bralco Metals, Metals USA, MidWest Materials, Service Steel Aerospace, Valex, and Earle M. Jorgensen Company. The company leverages its decentralized management model allowing subsidiaries to excel in their areas of expertise while sharing best practices across the network.

Product and service7 records
1FastMetals
CategoryE-commerce Metal Distribution
Description

E-commerce business providing digital purchasing solutions for metalworkers with instant pricing, same-day shipping, no minimum order quantity, and direct fulfillment to individual and small-business customers nationwide.

2Reliance Aerospace Solutions
CategoryAerospace Metal Distribution
Description

Single point of contact distribution service for aerospace grade products to contract customers and their sub-tier suppliers, utilizing approved Reliance subsidiaries and divisions for fulfillment of certified aerospace metals.

3Reliance Metalcenter
CategoryNon-Ferrous Metals Distribution and Processing
Description

Strategically located service centers providing wide range of metals products and value-added processing for general fabricators, truck trailer manufacturers, precision sheet metal shops, and various industries across National City (San Diego) and Union City (Northern California) CA, Phoenix AZ, and Salt Lake City UT.

4The Infra Group
CategoryStructural Steel Products and Processing
Description

Unified brand consolidating Infra-Metals, Delta Steel, and Sugar Steel providing structural steel products with comprehensive processing services like drilling, plate burning, forming, and robotic processing.

5AMI Metals Aerospace Distribution
CategoryAerospace Metal Distribution
Description

Premier full-service metals service center providing aluminum plate, sheet, bar, and extruded profiles for the aerospace industry. Notable for winning a $2.2 billion U.S. Department of Homeland Security border wall contract.

6Valex Ultra-High Purity Products
CategoryUltra-High Purity Manufacturing for Semiconductor Industry
Description

World's leading manufacturer and distributor of ultra-high purity products used in gas delivery systems for semiconductor producers and semiconductor equipment manufacturers.

7DuBose National Energy Services
CategoryNuclear Certified Materials and Fabrication
Description

Largest and most diverse inventory of nuclear certified and safety-related materials and services in the United States, with fabrication capabilities and operations in over 200,000 square feet serving the nuclear energy sector.

Scale indicator9 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierCoreTypeOthers
Description

Reliance acquires primary metal products from producers including carbon steel, aluminum, stainless steel, brass, copper, titanium, and alloy steel. The company leverages its strong mill relationships and capital investments to promote growth and operational efficiencies.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

U.S. metals service center and processor serving similar industrial customers with value-added processing of carbon steel, aluminum, and stainless steel. Most direct domestic head-to-head competitor to Reliance's general-line business.

TypeDirect peer
Description

Germany-based global metals service center and distributor with substantial North American presence (Macsteel). Closest international peer to Reliance in terms of broad-line metal distribution, value-added processing, and multi-metal product breadth.

TypeDirect peer
Description

Canadian metals service center and distributor with overlapping product lines (carbon steel, stainless, aluminum) and significant energy-sector exposure. Comparable business model with a North American footprint anchored in Canada.

TypeDirect peer
Description

U.S. metals service center focused on carbon steel, stainless, and aluminum with comparable value-added processing and direct-sales model. Smaller scale than Reliance but a direct competitor in flat-rolled and plate processing.

TypeDirect peer
Description

U.S.-based steel processor and converter with pressure cylinder and sustainable energy solutions businesses. Overlaps with Reliance on flat-rolled steel processing and end-market exposure to construction and industrial customers.

TypeDirect peer
Description

U.S. metal recycler and finished steel products manufacturer with a metals recycling arm and Cascade Steel scrap-based mini-mill. Adjacent competitor in processed steel supply and a major supplier/competitor in ferrous scrap markets.

TypeDirect peer
Description

U.S. flat-rolled steel processor and service center (Mitsui & Co. / Nippon Steel joint venture). Directly comparable in flat-rolled steel processing, value-added services, and OEM customer base.

TypeBroad incumbent
Description

European-based materials distribution and service arm of thyssenkrupp. Large-scale broad-line metal distributor with comparable product breadth but operates as part of a larger diversified industrial group rather than as a focused service-center pure-play.

TypeBroad incumbent
Description

Largest U.S. integrated steel producer and key upstream mill supplier to Reliance. Represents both a primary supplier and an increasingly direct competitor as Nucor expands downstream processing and direct-to-customer offerings.

TypeEmerging player
Description

Japan-headquartered global metal service center and trading company (Mitsui & Sojitz joint venture). Comparable business model focused on steel and aluminum distribution; competes with Reliance's international aerospace and specialty metals subsidiaries.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses1 record

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers5 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment5 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile6 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature2 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles13 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries48 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance3 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds2 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A22 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Reliance, Inc.

Metals Service Centersreliance.com

Reliance, Inc. firmographics

Firmographics
Name
Reliance, Inc.
Legal name
Reliance, Inc.
Website
https://reliance.com
Company type
Public
Founded year
1939
Operating status
Operating
Headcount range
5,001–10,000 employees
Ownership category
akta.pro rank

Reliance, Inc. industry classification

Industry
Product category
Metals Service Centers
NAICS
Metal Service Centers and Other Metal Merchant Wholesalers (423510), All Other Fabricated Metal Product Manufacturing (33299)
SIC
Wholesale-Metals Service Centers & Offices (5051), Miscellaneous Fabricated Metal Products (3490)
akta.pro primary industry
Steel Products Trading & Service Centers (Flat, Long, Pipe & Tube, Rebar) (IMAKAJAB)
akta.pro secondary industry
Metals, Plastics & Fabrication Materials Marketplaces (CRAFAHAN)

Keywords

  • Metals service centers
  • Metal distribution
  • Value-added processing
  • Steel distribution
  • Metal fabrication

Where Reliance, Inc. is headquartered

Location

Headquarters

HQ city
Scottsdale
HQ country
United States
HQ region
North America

Offices4 records

Markets served

Reliance, Inc. business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

  1. Metal Distribution and Processing: The company acquires primary metal products (carbon steel, aluminum, stainless steel, brass, copper, titanium, and alloy steel) from producers, processes them to customer specifications, and distributes to over 125,000 customers across various industries. Revenue is generated through transaction-based sales of processed metals with value-added processing services.

Pricing tiers

ModelBillingPrice
Transaction based/ take ratePay-as-you-goTransaction-based metal sales with processing services

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Reliance, Inc. product offering

Product offering

Core offering

Reliance, Inc. is the largest diversified metal solutions provider and metals service center company in North America, distributing over 100,000 metal products including carbon steel, aluminum, stainless steel, brass, copper, titanium, and alloy steel through 320+ locations across 41 states and 10 countries. The company offers value-added metals processing services including custom cutting, slitting, plasma burning, forming, and inventory management, with just-in-time delivery often within 24 hours. The company also operates the FastMetals e-commerce platform serving smaller specialized end-users including artists, fabricators, machine shops, hobbyists, and do-it-yourself practitioners.

Product overview

Reliance, Inc. is a diversified metal solutions provider and the largest metals service center company in North America, operating as a platform of over 75 distinct subsidiary brands across 320+ locations in 41 states and 10 countries. The company distributes over 100,000 metal products including carbon steel, aluminum, stainless steel, brass, copper, titanium, and alloy steel, while offering value-added metals processing services such as cutting, slitting, plasma burning, forming, and inventory management. The product portfolio includes specialized sub-brands like FastMetals (e-commerce platform), Reliance Aerospace Solutions (aerospace distribution), and Reliance Metalcenter, alongside numerous acquired regional service centers such as Admiral Metals, All Metal Services, American Alloy Steel, AMI Metals, Bralco Metals, Metals USA, MidWest Materials, Service Steel Aerospace, Valex, and Earle M. Jorgensen Company. The company leverages its decentralized management model allowing subsidiaries to excel in their areas of expertise while sharing best practices across the network.

Differentiator

Problem solved

Functional benefit

Brands

  • FastMetals: E-commerce business launched in February 2020 for smaller, specialized end-users including artists, fabricators, machine shops, hobbyists, and do-it-yourself practitioners. Offers instant pricing, same-day shipping, no minimum order quantity.
  • Reliance Cares
  • The Infra Group
  • Reliance Metalcenter

Products and services

  • FastMetals E-commerce business providing digital purchasing solutions for metalworkers with instant pricing, same-day shipping, no minimum order quantity, and direct fulfillment to individual and small-business customers nationwide.
  • Reliance Aerospace Solutions Single point of contact distribution service for aerospace grade products to contract customers and their sub-tier suppliers, utilizing approved Reliance subsidiaries and divisions for fulfillment of certified aerospace metals.
  • Reliance Metalcenter Strategically located service centers providing wide range of metals products and value-added processing for general fabricators, truck trailer manufacturers, precision sheet metal shops, and various industries across National City (San Diego) and Union City (Northern California) CA, Phoenix AZ, and Salt Lake City UT.
  • The Infra Group Unified brand consolidating Infra-Metals, Delta Steel, and Sugar Steel providing structural steel products with comprehensive processing services like drilling, plate burning, forming, and robotic processing.
  • AMI Metals Aerospace Distribution Premier full-service metals service center providing aluminum plate, sheet, bar, and extruded profiles for the aerospace industry. Notable for winning a $2.2 billion U.S. Department of Homeland Security border wall contract.
  • Valex Ultra-High Purity Products World's leading manufacturer and distributor of ultra-high purity products used in gas delivery systems for semiconductor producers and semiconductor equipment manufacturers.
  • DuBose National Energy Services Largest and most diverse inventory of nuclear certified and safety-related materials and services in the United States, with fabrication capabilities and operations in over 200,000 square feet serving the nuclear energy sector.

Quantifiable outcome

  • 95%+ customer retention rate
  • +2 more outcomes

Companies that use Reliance, Inc.

Customer profile

Named customers5 records

Segments5 records

Ideal customer profiles6 records

Reliance, Inc. technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature2 records

Reliance, Inc. partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Metal Producers and MillscoreOthersReliance acquires primary metal products from producers including carbon steel, aluminum, stainless steel, brass, copper, titanium, and alloy steel. The company leverages its strong mill relationships and capital investments to promote growth and operational efficiencies.

Scale indicators9 records

Recent moves5 records

Expansion highlights6 records

Reliance, Inc. competitors and assessment

Company assessment

Direct peers

  • Ryerson Holding Corporation: U.S. metals service center and processor serving similar industrial customers with value-added processing of carbon steel, aluminum, and stainless steel. Most direct domestic head-to-head competitor to Reliance's general-line business.
  • Kloeckner & Co SE: Germany-based global metals service center and distributor with substantial North American presence (Macsteel). Closest international peer to Reliance in terms of broad-line metal distribution, value-added processing, and multi-metal product breadth.
  • Russel Metals Inc. Canadian metals service center and distributor with overlapping product lines (carbon steel, stainless, aluminum) and significant energy-sector exposure. Comparable business model with a North American footprint anchored in Canada.
  • Olympic Steel, Inc. U.S. metals service center focused on carbon steel, stainless, and aluminum with comparable value-added processing and direct-sales model. Smaller scale than Reliance but a direct competitor in flat-rolled and plate processing.
  • Worthington Enterprises (formerly Worthington Industries): U.S.-based steel processor and converter with pressure cylinder and sustainable energy solutions businesses. Overlaps with Reliance on flat-rolled steel processing and end-market exposure to construction and industrial customers.
  • Schnitzer Steel Industries, Inc. U.S. metal recycler and finished steel products manufacturer with a metals recycling arm and Cascade Steel scrap-based mini-mill. Adjacent competitor in processed steel supply and a major supplier/competitor in ferrous scrap markets.
  • Steel Technologies LLC: U.S. flat-rolled steel processor and service center (Mitsui & Co. / Nippon Steel joint venture). Directly comparable in flat-rolled steel processing, value-added services, and OEM customer base.

Broad incumbents

  • thyssenkrupp Materials Services: European-based materials distribution and service arm of thyssenkrupp. Large-scale broad-line metal distributor with comparable product breadth but operates as part of a larger diversified industrial group rather than as a focused service-center pure-play.
  • Nucor Corporation: Largest U.S. integrated steel producer and key upstream mill supplier to Reliance. Represents both a primary supplier and an increasingly direct competitor as Nucor expands downstream processing and direct-to-customer offerings.

Emerging players

  • Metal One Corporation: Japan-headquartered global metal service center and trading company (Mitsui & Sojitz joint venture). Comparable business model focused on steel and aluminum distribution; competes with Reliance's international aerospace and specialty metals subsidiaries.

Market position

Strengths5 records

Weaknesses1 record

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Reliance, Inc. social profiles

Digital presence

Reliance, Inc. compliance and trust

Trust signal

Compliance3 records

Reliance, Inc. financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Reliance, Inc. leadership team

Management profile

Number of profiles

Profiles13 records

Reliance, Inc. subsidiaries and ownership

Company hierarchy

Subsidiaries48 records

Reliance, Inc. funding detail

Funding detail

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Reliance, Inc. M&A and investment

M&A and investment

M&A22 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Reliance, Inc.

What does Reliance, Inc. do?

Reliance, Inc. is the largest diversified metal solutions provider and metals service center company in North America, distributing over 100,000 metal products including carbon steel, aluminum, stainless steel, brass, copper, titanium, and alloy steel through 320+ locations across 41 states and 10 countries. The company offers value-added metals processing services including custom cutting, slitting, plasma burning, forming, and inventory management, with just-in-time delivery often within 24 hours. The company also operates the FastMetals e-commerce platform serving smaller specialized end-users including artists, fabricators, machine shops, hobbyists, and do-it-yourself practitioners.

Is Reliance, Inc. a public or private company?

Reliance, Inc. is a public company. It is classified as public and is currently operating.

When was Reliance, Inc. founded?

Reliance, Inc. was founded in 1939. It employs 5,001 to 10,000 people.

Where is Reliance, Inc. based?

Reliance, Inc. is headquartered in Scottsdale, United States, in the North America region.

How does Reliance, Inc. make money?

One revenue line is on record: metal Distribution and Processing.

Who are Reliance, Inc.'s main competitors?

Direct peers on record are Ryerson Holding Corporation, Kloeckner & Co SE, Russel Metals Inc., Olympic Steel, Inc., Worthington Enterprises (formerly Worthington Industries), Schnitzer Steel Industries, Inc. and Steel Technologies LLC. Broad incumbents are thyssenkrupp Materials Services and Nucor Corporation. Metal One Corporation is listed as an emerging player.

Does Reliance, Inc. have an API?

No public API is recorded for Reliance, Inc..

What industry is Reliance, Inc. in?

Reliance, Inc.'s product category is Metals Service Centers. Its primary akta.pro industry code is IMAKAJAB, Steel Products Trading & Service Centers (Flat, Long, Pipe & Tube, Rebar), with a secondary code of CRAFAHAN, Metals, Plastics & Fabrication Materials Marketplaces. Its NAICS code is 423510 and its SIC code is 5051.

Unlock the full company data

50 free credits on sign-up, no credit card required.

Contact sales
Live signals
Quiver QuantitativeReliance, Inc. Announces Third Quarter 2026 Earnings Conference Call and Webcast | RS Stock NewsReliance, Inc. will report its third quarter 2026 financial results on October 21, 2026, after market hours, followed by a conference call on October 22 at 11:00 a.m. Eastern Time. The company, the largest metals service center in North America, operates over 310 locations across 41 states and 10 countries.YahooReliance, Inc. to Announce Third Quarter 2026 Results on Wednesday, October 21stReliance, Inc. will report its third quarter 2026 financial results for the period ended September 30, 2026, on Wednesday, October 21, 2026, after market close. Management will host a conference call on Thursday, October 22, 2026, at 11:00 a.m. Eastern Time, with a replay available until November 5, 2026.Stock TitanReliance sets Q3 2026 earnings date for Oct. 21Reliance, Inc. announced it will report third quarter 2026 financial results after market close on October 21, 2026. The company will host a conference call on October 22 at 11:00 a.m. Eastern Time, with dial-in and webcast details provided.American Banking and Market NewsMSC Industrial Direct (NYSE:MSM) vs. Reliance (NYSE:RS) Critical ContrastMSC Industrial Direct and Reliance are compared on valuation, profitability, and analyst ratings. Reliance has higher revenue and earnings, a lower P/E ratio, and a higher probable upside, making it more favorable. MSC beats Reliance on 9 of 17 factors.American Banking and Market NewsReliance (NYSE:RS) Stock Rating Raised to Strong-Buy at Wall Street ZenWall Street Zen upgraded Reliance Steel to a strong-buy rating, while other analysts issued mixed ratings. The company reported Q2 EPS of $6.27, beating estimates, with revenue of $4.63 billion, up 26.5% year-over-year. Analysts forecast 23.23 EPS for the fiscal year.Markets DailyAnalyzing Reliance (NYSE:RS) & WESCO International (NYSE:WCC)WESCO International beats Reliance on 10 of 17 factors, including analyst ratings and upside potential. Reliance has higher earnings and a lower P/E ratio, while WESCO has higher revenue and institutional ownership. Analysts see WESCO with a 7.36% upside versus Reliance's 1.84% downside.YahooRS or WPM: Which Is the Better Value Stock Right Now?Reliance (RS) and Wheaton Precious Metals (WPM) are compared for value investors. RS has a Zacks Rank of #2 and a forward P/E of 17.07, while WPM has a #3 rank and a forward P/E of 30.30. RS is rated a B in value, WPM an F, making RS the superior value option.Defense WorldReliance, Inc. $RS Shares Purchased by NewEdge Advisors LLCNewEdge Advisors LLC raised its Reliance stake by 189.2% in Q2, buying 4,202 shares. Reliance reported Q2 EPS of $6.27, beating estimates, and set Q3 2026 guidance of $6.40-$6.60. Analysts have a consensus 'Hold' rating with a $379.83 price target.Ticker ReportContrasting Reliance (NYSE:RS) and Cerebain Biotech (OTCMKTS:CBBT)Reliance and Cerebain Biotech are compared on analyst ratings, earnings, institutional ownership, profitability, dividends, valuation, and risk. Reliance has higher revenue ($14.29B) and earnings ($739.4M), a consensus target price of $377.50, and beats Cerebain on all 10 factors.AInvestReliance, Inc.: Record Earnings Meet a Peak-Earnings MultipleReliance reported Q2 sales of $4.63 billion, up 26.5%, with record volume and adjusted EPS of $6.27. The stock trades at a 23x forward multiple, implying a near-term earnings fade as the border-wall contract ends and tariffs shift. The October 22 Q3 report will clarify how quickly these supports erode.