RS

• Pretax income was $429.8 million, up 41% year-over-year.
• Record quarterly tons sold of 1,790.1 thousand, up 7.0% sequentially and 10.8% year-over-year.
• Q3 2026 non-GAAP EPS guidance is $6.40 to $6.60, including LIFO expense of $75.0 million.
• Board declared quarterly dividend of $1.25 per share, payable August 28, 2026.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Reliance, Inc. held its Annual Meeting of Stockholders on May 20, 2026.
• The advisory say-on-pay proposal was approved: 39,282,052 for, 1,528,970 against, 68,313 abstentions.
• The ratification of KPMG LLP as independent auditor for fiscal 2026 was approved: 45,646,752 for, 328,448 against, 18,548 abstentions.
• A stockholder proposal requiring directors to leave the board within nine months of failing to receive a majority vote was not approved: 6,419,815 for, 34,315,008 against, 144,512 abstentions.

5.07 Submission of Matters to a Vote of Security Holders

• Diluted EPS was $5.10; non-GAAP diluted EPS was $5.16, exceeding management's guidance of $4.50 to $4.70.
• Pretax income was $349.5 million, up 33.2% year-over-year; gross profit margin was 29.1%.
• The company repurchased $234.2 million of common stock and paid $66.6 million in dividends in Q1 2026.
• For Q2 2026, the company expects non-GAAP EPS of $5.15 to $5.35, with tons sold up 1.0% to 3.0% sequentially and average selling price up 1.5% to 3.5%.
• AMI was awarded a DHS border wall contract (up to $2.24 billion) and a Joint Strike Fighter contract (up to $654 million).

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Q4 2025 net sales were $3.5 billion, up 11.9% year-over-year, with record tons sold up 5.8%.
• Q4 2025 diluted EPS was $2.22, up 15% year-over-year; non-GAAP diluted EPS was $2.40.
• Full year 2025 diluted EPS was $13.98, down 10.2% from 2024; non-GAAP diluted EPS was $14.26.
• Company guides Q1 2026 non-GAAP EPS of $4.50-$4.70, with tons sold up 5%-7% sequentially and pricing up 3%-5%.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• On October 21, 2025, the independent directors approved an Executive Severance Policy for officers and certain key subsidiary employees.
• Severance payments require a general release of claims and are subject to repayment if the employee later is found to have engaged in conduct that would have justified termination for cause.
• The policy does not amend or modify existing individual agreements or equity award terms.
• The full policy is attached as Exhibit 10.1 to the filing.

2.02 Results of Operations and Financial Condition · 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits

• Reliance, Inc. increased its Board of Directors from eight to nine members and appointed John G. Sznewajs as an independent director, effective October 1, 2025.
• Sznewajs, 58, is a partner at Shore Capital and previously served as Vice President and CFO of Masco Corporation from 2007 to 2023.
• He was also appointed to Reliance's Audit Committee and will participate in the standard non-employee director compensation arrangements.
• The Company entered into a standard indemnification agreement with Sznewajs, and no arrangements or material interests were disclosed regarding his selection.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• On August 14, 2025, Reliance, Inc. entered into a $400 million term loan agreement with Bank of America N.A. as administrative agent and other lenders.
• Proceeds were used to repay the company's $400 million senior unsecured notes maturing August 15, 2025.
• The loan is unsecured and not guaranteed by any subsidiaries; interest initially at SOFR plus 0.75% per annum, with a range up to SOFR plus 1.25% based on leverage ratio.
• The agreement includes usual covenants and a maximum Total Net Leverage Ratio as the only financial maintenance covenant.

1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits

• Record second-quarter tons sold of 1,615.0 thousand, up 4.0% year-over-year.
• Non-GAAP diluted EPS of $4.43, up 17.5% from Q1 2025.
• Pretax income of $304.3 million, up 16% from Q1 2025.
• Company guides Q3 2025 non-GAAP EPS of $3.60-$3.80, with tons sold down 1%-3% sequentially.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits