RELIANCE, INC.

Reliance, Inc. (NYSE: RS) operates as the largest metals service center company in North America based on revenues, with a network of approximately 310 locations across 41 U.S. states and 10 foreign countries. The company's website is www.reliance.com.

Founded in 1939 as a single metals service center in Los Angeles, Reliance has evolved into a diversified metals solutions provider serving more than 125,000 customers across multiple industries. The company distributes over 100,000 metal products including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products. Reliance operates through a single reportable segment focused on metals service centers, generating net sales of $14.29 billion in 2025.

The company's customer base spans consumer products, general manufacturing, non-residential construction, transportation, aerospace, energy, electronics, semiconductor fabrication, industrial machinery, and heavy industry sectors. Reliance maintains a decentralized operating structure with approximately 15,700 employees worldwide, including roughly 14,100 in the United States. The company operates under numerous trade names including Earle M. Jorgensen, Metals USA, Precision Strip Inc., Phoenix Metals Company, and Service Steel Aerospace, among others.

Reliance's business model emphasizes value-added processing services, small order sizes with quick turnaround, and customer service excellence. The company delivered approximately 40 percent of orders within 24 hours in 2025 and maintained over 90 percent repeat customer retention. The company operates a fleet of approximately 1,800 trucks to support efficient delivery and logistics.

Key competitive advantages include significant scale and purchasing power with major domestic mills, extensive product and geographic diversification, advanced processing capabilities, and a focus on as-needed inventory management. The company's 2025 U.S. tons sold represented approximately 17 percent of total industry shipments according to the Metals Service Center Institute, reflecting its position as the industry leader in a highly fragmented market. International sales represented approximately 6 percent of net sales, with Canadian operations accounting for a significant portion of international revenue.