Acquisitions (Tables) - 2024 Acquisitions

9 Months Ended

Sep. 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		44.9
Inventories		109.9
Prepaid expenses and other current assets		1.0
Property, plant and equipment		106.7
Operating lease right-of-use assets		19.2
Goodwill		59.3
Intangible assets subject to amortization		39.5
Intangible assets not subject to amortization		41.4
Total assets acquired		427.5
Deferred income taxes		7.0
Operating lease liabilities		15.1
Other current and long-term liabilities		32.8
Total liabilities assumed		54.9
Noncontrolling interest		0.3
Net assets acquired	$	372.3

Schedule of pro forma information

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
	(in millions, except per share amounts)
Pro forma:
Net sales	$	3,422.4	$	3,744.0	$	10,816.9	$	11,874.4
Net income attributable to Reliance	$	197.9	$	304.6	$	769.7	$	1,090.1
Earnings per share attributable to Reliance stockholders:
Basic	$	3.62	$	5.21	$	13.67	$	18.59
Diluted	$	3.59	$	5.15	$	13.55	$	18.37