Reliance (RS) Q1 FY26 earnings call

Reliance, Inc. delivered a strong first quarter, driven by record tons sold and robust pricing across its diversified product portfolio. The company significantly outpaced industry shipments and secured major government contracts, leveraging its scale and operational capabilities. While tariffs continue to impact aluminum margins, the overall pricing environment and demand momentum in key end markets like infrastructure, data centers, energy, and defense position Reliance for continued strong performance, with management expressing confidence in the full-year outlook.