Market PositionReliance is considered a best-in-class metals service center and processor expected to continue delivering solid and resilient performance through economic cycles.
Pricing StrategyRS, which predominantly sources its metal from domestic mills, should benefit from higher pricing supported by Section 232 tariffs in the short term.
Shareholder ReturnsShare repurchases accelerated with Reliance repurchasing approximately 2% of shares outstanding, implying RS could repurchase up to 7% of shares outstanding by estimate.