Three Months Ended
March 31,

2012

2011

(in millions except for share
and per share amounts)

Numerator:

Net income attributable to Reliance

$

116.2

$

92.3

Denominator:

Denominator for basic earnings per share — Weighted average shares

74,922,487

74,619,804

Effect of dilutive securities:

Stock options and restricted stock

504,065

404,062

Denominator for dilutive earnings per share:

Adjusted weighted average shares and assumed conversions

75,426,552

75,023,866

Net income per share attributable to Reliance shareholders — diluted

$

1.54

$

1.23

Net income per share attributable to Reliance shareholders — basic

$

1.55

$

1.24