Earnings Per Share

6 Months Ended

Jun. 30, 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				Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
	(in millions, except number of shares which are reflected in thousands and per share amounts)
Numerator:
Net income attributable to Reliance	$	267.8	$	385.1	$	570.7	$	768.2
Denominator:
Weighted average shares outstanding		56,878		58,688		57,109		58,760
Dilutive effect of stock-based awards		516		658		529		680
Weighted average diluted shares outstanding		57,394		59,346		57,638		59,440
Earnings per share attributable to Reliance stockholders:
Basic	$	4.71	$	6.56	$	9.99	$	13.07
Diluted	$	4.67	$	6.49	$	9.90	$	12.92

The computations of diluted earnings per share using the treasury stock method for the six months ended June 30, 2024 and 2023 do not include 56,217 and 100,326 weighted average shares, respectively, in respect of outstanding RSUs and PSUs, because their inclusion would have been anti-dilutive.