Earnings Per Share

6 Months Ended

Jun. 30, 2025

Earnings Per Share

Earnings Per Share

Note 12.  Earnings Per Share

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

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2025		2024		2025		2024
	(in millions, except number of shares which are reflected in thousands and per share amounts)
Numerator:
Net income attributable to Reliance	$	233.7	$	267.8	$	433.4	$	570.7
Denominator:
Weighted average shares outstanding		52,610		56,878		52,841		57,109
Dilutive effect of stock-based awards		313		516		319		529
Weighted average diluted shares outstanding		52,923		57,394		53,160		57,638
Earnings per share attributable to Reliance stockholders:
Basic	$	4.44	$	4.71	$	8.20	$	9.99
Diluted	$	4.42	$	4.67	$	8.15	$	9.90

The computations of diluted earnings per share using the treasury stock method for the first six months of 2025 and 2024 do not include 99,994 and 56,217 weighted average shares, respectively, in respect of outstanding RSUs and PSUs, because their inclusion would have been anti-dilutive.