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Segment Information
3 Months Ended
Mar. 31, 2025
Segment Information  
Segment Information

Note 13. Segment Information

We have one operating and reportable segment—metals service centers. Reliance derives revenue primarily in the United States and manages its business activities on a consolidated basis.

The measure of segment assets is reported on the accompanying consolidated balance sheet as total assets.

The measure of segment profit and loss is net income reported on the accompanying consolidated income statements.

Information about our segment revenue, net income, significant expenses, and other quantitative information is presented below:

Metals Service Centers Segment

Three Months Ended March 31,

2025

   

2024

(in millions)

Revenues

$

3,484.7

$

3,644.8

Less:

Cost of sales (exclusive of depreciation and amortization shown below)

2,451.4

2,516.6

Compensation expense

420.1

413.8

Other segment items(1)

270.6

244.9

Depreciation and amortization expense

68.7

63.6

Interest expense

11.5

9.7

Income tax provision

61.9

92.4

Consolidated net income

$

200.5

$

303.8

Other Segment Disclosures:

Purchases of property, plant and equipment

$

86.9

$

108.7

(1)Other segment items included in Segment net income mainly includes warehousing and delivery related expenses, which include among others, 3rd party freight, gas and oil, utilities & rent, plant supplies, and repairs and maintenance.