Earnings Per Share

9 Months Ended

Sep. 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				Nine Months Ended
	September 30,				September 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	$	199.2	$	295.0	$	769.9	$	1,063.2
Denominator:
Weighted average shares outstanding		54,691		58,427		56,297		58,648
Dilutive effect of stock-based awards		491		697		516		685
Weighted average diluted shares outstanding		55,182		59,124		56,813		59,333
Earnings per share attributable to Reliance stockholders:
Basic	$	3.64	$	5.05	$	13.68	$	18.13
Diluted	$	3.61	$	4.99	$	13.55	$	17.92

The computations of diluted earnings per share using the treasury stock method for the nine months ended September 30, 2024 and 2023 do not include 39,716 and 68,453 weighted average shares, respectively, in respect of outstanding RSUs and PSUs, because their inclusion would have been anti-dilutive.