Earnings Per Share

12 Months Ended

Dec. 31, 2024

Earnings Per Share

Earnings Per Share

Note 18. Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

	Year Ended December 31,
	2024		2023		2022
	(in millions, except number of shares which are reflected in thousands and per share amounts)
Numerator:
Net income attributable to Reliance	$	875.2	$	1,335.9	$	1,840.1
Denominator:
Weighted average shares outstanding		55,746		58,328		60,559
Dilutive effect of stock-based awards		500		687		936
Weighted average diluted shares outstanding		56,246		59,015		61,495
Earnings per share attributable to Reliance stockholders:
Basic	$	15.70	$	22.90	$	30.39
Diluted	$	15.56	$	22.64	$	29.92

The computations of diluted earnings per share using the treasury stock method for 2024, 2023 and 2022 do not include 30,183, 51,409 and 83,857 weighted average shares, respectively, in respect of outstanding RSUs and PSUs, because their inclusion would have been anti-dilutive.