Earnings Per Share

3 Months Ended

Mar. 31, 2024

Earnings Per Share

Earnings Per Share

Note 11.  Earnings Per Share

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

	Three Months Ended March 31,
	2024		2023
	(in millions, except number of shares which are reflected in thousands and per share amounts)
Numerator:
Net income attributable to Reliance	$	302.9	$	383.1
Denominator:
Weighted average shares outstanding		57,340		58,832
Dilutive effect of stock-based awards		542		702
Weighted average diluted shares outstanding		57,882		59,534
Earnings per share attributable to Reliance stockholders:
Basic	$	5.28	$	6.51
Diluted	$	5.23	$	6.43

The computations of earnings per share for the first quarters of 2024 and 2023 do not include 103,700 and 194,304 weighted average shares, respectively, in respect of outstanding RSUs and PSUs, because their inclusion would have been anti-dilutive.