v3.26.1
SEGMENT INFORMATION
6 Months Ended
Jun. 30, 2026
SEGMENT INFORMATION  
SEGMENT INFORMATION

NOTE 12. SEGMENT INFORMATION

Reliance derives revenue primarily in the United States from its metals service center businesses. Following an operational realignment completed during the first quarter of 2026, the Company manages its business through operating segments that have been aggregated into a single reportable segment—metals service centers—based on similar economic characteristics. The operational realignment did not result in a change to the Company’s reportable segments and, accordingly, previously reported segment information has not been recast.

The measure of segment assets is reported on the accompanying consolidated balance sheet as total assets.

The measure of segment profit and loss is net income reported on the accompanying consolidated income statements.

Information about our segment revenue, net income, significant expenses, and other quantitative information is presented below (in millions):

Metals Service Centers Segment

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

  ​ ​

2025

  ​ ​

2026

  ​ ​

2025

Net sales

$

4,630.0

$

3,659.8

$

8,656.0

$

7,144.5

Less:

Cost of sales (exclusive of depreciation and amortization shown below)

3,329.5

2,571.9

6,183.6

5,023.3

Compensation expense

488.6

434.6

941.3

854.7

Other segment items(1)

294.4

265.0

579.5

535.6

Depreciation and amortization expense

69.5

69.7

138.7

138.4

Interest expense

18.2

14.3

33.6

25.8

Income tax provision

106.2

70.1

190.1

132.0

Net income

$

323.6

$

234.2

$

589.2

$

434.7

Other Segment Disclosures:

Purchases of property, plant and equipment

$

93.4

$

87.6

$

157.6

$

174.5

(1)Other segment items mainly consist of warehousing and delivery costs, which include among others, third-party freight, gas and oil, utilities & rent, plant supplies, and repairs and maintenance.