XML 18 R2.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CONSOLIDATED STATEMENT OF INCOME      
Net sales $ 13,835.0 $ 14,805.9 $ 17,025.0
Costs and expenses:      
Cost of sales (exclusive of depreciation and amortization shown below) 9,728.4 10,258.6 11,773.7
Warehouse, delivery, selling, general and administrative 2,666.2 2,562.4 2,504.2
Depreciation and amortization 268.7 245.4 240.2
Impairment 11.7    
Total costs and expenses 12,675.0 13,066.4 14,518.1
Operating income 1,160.0 1,739.5 2,506.9
Other (income) expense:      
Interest expense 40.3 40.1 62.3
Other (income) expense, net (20.2) (41.3) 14.2
Income before income taxes 1,139.9 1,740.7 2,430.4
Income tax provision 261.9 400.6 586.2
Net income 878.0 1,340.1 1,844.2
Less: net income attributable to noncontrolling interests 2.8 4.2 4.1
Net income attributable to Reliance $ 875.2 $ 1,335.9 $ 1,840.1
Earnings per share attributable to Reliance stockholders:      
Basic (in dollars per share) $ 15.7 $ 22.9 $ 30.39
Diluted (in dollars per share) $ 15.56 $ 22.64 $ 29.92
Shares used in computing earnings per share:      
Basic (in shares) 55,746 58,328 60,559
Diluted (in shares) 56,246 59,015 61,495