Acquisitions (Tables) - 2024 Acquisitions

6 Months Ended

Jun. 30, 2024

Acquisitions

Schedule of allocation of the purchase price of acquisition to the fair value of the assets acquired and liabilities assumed

	(in millions)
Cash	$	5.6
Accounts receivable		43.2
Inventories		109.9
Prepaid expenses and other current assets		1.0
Property, plant and equipment		99.7
Operating lease right-of-use assets		1.2
Goodwill		57.0
Intangible assets subject to amortization		36.5
Intangible assets not subject to amortization		38.9
Total assets acquired		393.0
Deferred taxes		7.1
Operating lease liabilities		1.2
Other current and long-term liabilities		32.3
Total liabilities assumed		40.6
Noncontrolling interest		0.3
Net assets acquired	$	352.1

Schedule of pro forma information

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
	(in millions, except per share amounts)
Pro forma:
Net sales	$	3,643.3	$	4,018.9	$	7,385.1	$	8,122.0
Net income attributable to Reliance	$	266.3	$	395.1	$	571.7	$	787.5
Earnings per share attributable to Reliance stockholders:
Basic	$	4.68	$	6.73	$	10.01	$	13.40
Diluted	$	4.64	$	6.66	$	9.92	$	13.25