Reliance Q1 Earnings and Revenues Beat Estimates, Down Y/Y

Reliance, Inc. (RS) posted profits of $199.7 million or$3.74 per share in the first quarter of 2025, down from $302.9 million or$5.23 per share in the year-ago quarter. Barring one-time items, RS recorded earnings of $3.77 per share, down from$5.30 a year ago. It surpassed the Zacks Consensus Estimate of $3.66.The company recorded net sales of$3,484.7 million, down around 4% year over year. The top line beat the Zacks Consensus Estimate of $3,456.5 million. RS benefited from higher shipments amid headwi ...