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Earnings Per Share

3 Months Ended

Mar. 31, 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 March 31,
​	2025			2024
​	(in millions, except number of shares which are reflected in thousands and per share amounts)
Numerator:	​	​	​	​	​
Net income attributable to Reliance	$	199.7	​	$	302.9
​	​	​	​	​	​
Denominator:	​	​	​	​	​
Weighted average shares outstanding	​	53,075	​	​	57,340
Dilutive effect of stock-based awards	​	324	​	​	542
Weighted average diluted shares outstanding	​	53,399	​	​	57,882
​	​	​	​	​	​
Earnings per share attributable to Reliance stockholders:	​	​	​	​	​
Basic	$	3.76	​	$	5.28
Diluted	$	3.74	​	$	5.23

​

The computations of diluted earnings per share using the treasury stock method for the first quarters of 2025 and 2024 do not include 194,254 and 103,700 weighted average shares, respectively, in respect of outstanding RSUs and PSUs, because their inclusion would have been anti-dilutive.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/260/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
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