Earnings Per Share

3 Months Ended

Mar. 31, 2023

Earnings Per Share

Earnings Per Share

Note 10.  Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

	Three Months Ended March 31,
	2023		2022
	(in millions, except number of shares which are reflected in thousands and per share amounts)
Numerator:
Net income attributable to Reliance	$	383.1	$	523.3
Denominator:
Weighted average shares outstanding		58,832		61,833
Dilutive effect of stock-based awards		702		951
Weighted average diluted shares outstanding		59,534		62,784
Earnings per share attributable to Reliance stockholders:
Basic	$	6.51	$	8.46
Diluted	$	6.43	$	8.33

The computations of earnings per share for the first quarters of 2023 and 2022 do not include 194,304 and 314,042 weighted average shares, respectively, in respect of outstanding RSUs and PSUs, because their inclusion would have been anti-dilutive.