Reliance Steel Q1 2026: Record Sales, Government Contracts, Strong Margins

Reliance Steel and Aluminums Q1 2026 earnings soared with record tons sold, a 15% sales surge, and a 37% increase in non-GAAP earnings per share to $5.16. They outperformed expectations for the 13th consecutive quarter, securing two massive government contracts worth up to $3 billion. Nonresidential construction, data centers, and infrastructure drove growth, while defense remained steady. Reliance generated $151 million in operating cash flow, raised the dividend 4% to $5 per share, and bought back $234 million in stock. They expect pricing to remain firm into Q2, positioning them for more wins in 2026. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/3e9a30a1926a47fe