Reliance (RS) Q2 FY26 earnings call

Reliance delivered a strong Q2 FY26, driven by record tons sold and robust pricing across its diversified product portfolio. The company benefited from improving end-market activity, including significant contributions from the U.S. border wall contract, which bolstered profitability despite increased LIFO expense. Management remains optimistic about continued opportunities in the second half of 2026 and into 2027, leveraging its strong balance sheet and strategic investments.