Added to YB: 2026-06-25
Pitch date: 2026-04-22
RS [bullish]
Reliance, Inc.
+15.21%
current return
Author Info
No bio for this author
Company Info
Reliance, Inc. operates as a diversified metal solutions provider and metals service center company primarily in the United States and Canada.
Market Cap
$20.3B
Pitch Price
$358.77
Price Target
N/A
Dividend
1.25%
EV/EBITDA
14.42
P/E
26.02
EV/Sales
1.49
Sector
Metals and Mining
Category
growth
Reliance, Inc. - $RS
RS: Dominant metal service center consolidator, 17% share (up from 14.5% in 2023), beating industry tons by ~9pts. Superior margins/ROIC (15% avg, 22% ROTC) vs levered peers. Since 1994 IPO, 17% annualized return, 12-16% EBITDA/share CAGR. Trades 18x fwd EPS, ~10-12x near-term earnings power. Catalysts: value-add mix shift (GM 29-31%), tuck-in M&A at <6x EBITDA, buybacks (share count -1/3 in 10yr), reindustrialization tailwind, rising metals prices, Section 232 tariffs, $2.24B DHS + $654M Lockheed contracts. CEO Lewis aligned.
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