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Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
PAY VERSUS PERFORMANCE
As required by Item 402(v) of Regulation S-K, we are providing the following information concerning pay versus performance. The following table sets forth information concerning compensation actually paid (“CAP”) to our Principal Executive Officer (PEO or referred to herein as CEO) and other NEOs, our total shareholder return (“TSR”) compared to a peer group, and our financial performance for each of the fiscal years ending December 31, 2024, 2023, 2022, 2021 and 2020:
​
Year
​ ​
Summary
Compensation
Table Total
for CEO(1)(2)
($)
 ​ ​
CAP
to CEO(1)(3)
($)
 ​ ​
Average Summary
Compensation
Table Total
for Non-CEO
Named Executive
Officers(1)(2)
($)
 ​ ​
Average
CAP
to Non-CEO
Named Executive
Officers(1)(3)
($)
 ​ ​
Value of Initial Fixed
$100 Investment Based on:
​ ​
Net Income(5)
($ in millions)
 ​ ​
Annual
ROA(6)
 ​
​
Total
Stockholder
Return(4)
($)
 ​ ​
Peer Group
Total
Stockholder
Return(4)
($)
 ​
​ 2024 ​ ​ ​ ​ 13,476,433 ​ ​ ​ ​ ​ 16,820,934 ​ ​ ​ ​ ​ 4,875,357 ​ ​ ​ ​ ​ 6,250,925 ​ ​ ​ ​ ​ 245.9 ​ ​ ​ ​ ​ 205.8 ​ ​ ​ ​ ​ 878.0 ​ ​ ​
11.57%
​
​ 2023 ​ ​ ​ ​ 14,319,273 ​ ​ ​ ​ ​ 23,779,336 ​ ​ ​ ​ ​ 4,933,840 ​ ​ ​ ​ ​ 8,260,700 ​ ​ ​ ​ ​ 251.8 ​ ​ ​ ​ ​ 271.2 ​ ​ ​ ​ ​ 1,340.1 ​ ​ ​
16.70%
​
​ 2022 ​ ​ ​ ​ 14,944,260 ​ ​ ​ ​ ​ 31,322,752 ​ ​ ​ ​ ​ 5,094,388 ​ ​ ​ ​ ​ 9,370,352 ​ ​ ​ ​ ​ 179.5 ​ ​ ​ ​ ​ 164.2 ​ ​ ​ ​ ​ 1,844.2 ​ ​ ​
25.32%
​
​ 2021 ​ ​ ​ ​ 14,245,016 ​ ​ ​ ​ ​ 47,236,660 ​ ​ ​ ​ ​ 5,032,109 ​ ​ ​ ​ ​ 11,357,546 ​ ​ ​ ​ ​ 141.3 ​ ​ ​ ​ ​ 164.5 ​ ​ ​ ​ ​ 1,417.4 ​ ​ ​
22.24%
​
​ 2020 ​ ​ ​ ​ 13,100,453 ​ ​ ​ ​ ​ 14,073,926 ​ ​ ​ ​ ​ 6,003,050 ​ ​ ​ ​ ​ 4,913,818 ​ ​ ​ ​ ​ 102.5 ​ ​ ​ ​ ​ 116.6 ​ ​ ​ ​ ​ 372.4 ​ ​ ​
8.91%
​
​
(1)
In 2023 and 2024, the CEO was Karla R. Lewis; in 2020, 2021 and 2022, the CEO was James D. Hoffman. The individuals comprising the non-CEO NEOs for each year are presented below:
​
​
2024
 ​ ​
2023
 ​ ​
2022
 ​ ​
2021
 ​ ​
2020
 ​
​
Stephen P. Koch
​ ​
Stephen P. Koch
​ ​
Karla R. Lewis
​ ​
Karla R. Lewis
​ ​
Karla R. Lewis
​
​
Arthur Ajemyan
​ ​
Arthur Ajemyan
​ ​
Stephen P. Koch
​ ​
Stephen P. Koch
​ ​
Stephen P. Koch
​
​
William A. Smith II
​ ​
Jeffery W. Durham
​ ​
Arthur Ajemyan
​ ​
Arthur Ajemyan
​ ​
William K. Sales, Jr.
​
​ ​ ​ ​
William A. Smith II
​ ​
William A. Smith II
​ ​
William A. Smith II
​ ​
Michael P. Shanley
​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​
William K. Sales, Jr.
​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Michael P. Shanley
​ ​ ​ ​
​
(2)
For each year presented, reflects the “Total” compensation set forth in the Summary Compensation Table (“SCT”) on page 46 with respect to our CEO and the average (mean) of the “Total” compensation for the non-CEO NEOs set forth above for the years presented. See the footnotes to the SCT for further detail regarding the amounts in this column.
​
(3)
Compensation actually paid, or “CAP”, is computed in accordance with Item 402(v) of Regulation S-K. The tables below present the adjustments made to the respective amounts set forth in the SCT for 2024, determined in accordance with SEC rules.
​
​ ​ ​ ​
CEO
2024
($)
 ​
​ Total Compensation as reported in Summary Compensation Table (SCT) ​ ​ ​ ​ 13,476,433 ​ ​
​ Less: Grant date fair value of equity awards granted during the year included in SCT ​ ​ ​ ​ (7,407,708) ​ ​
​
Plus: Year-end fair value of equity awards granted in the year that remain unvested as of the last day of the year(a)
​ ​ ​ ​ 9,660,241 ​ ​
​ Plus: Change in fair value from last day of prior year to last day of year of unvested equity awards(a) ​ ​ ​ ​ 2,391,653 ​ ​
​
Plus: Change in fair value from last day of prior year to vesting date of unvested equity awards that vested during year(a)
​ ​ ​ ​ (162,686) ​ ​
​ Less: Change in Pension Value reported in SCT ​ ​ ​ ​ (1,520,466) ​ ​
​ Plus: Pension value service cost(b) ​ ​ ​ ​ 383,467 ​ ​
​ Compensation actually paid ​ ​ ​ ​ 16,820,934 ​ ​
​ ​ ​ ​
NON-CEO
(AVERAGE)
2024
($)
 ​
​ Total Compensation as reported in Summary Compensation Table (SCT) ​ ​ ​ ​ 4,875,357 ​ ​
​ Less: Grant date fair value of equity awards granted during the year included in SCT ​ ​ ​ ​ (2,400,534) ​ ​
​
Plus: Year-end fair value of equity awards granted in the year that remain unvested as of the last day of the year(a)
​ ​ ​ ​ 3,108,158 ​ ​
​ Plus: Change in fair value from last day of prior year to last day of year of unvested equity awards(a) ​ ​ ​ ​ 730,734 ​ ​
​
Plus: Change in fair value from last day of prior year to vesting date of unvested equity awards that vested during year(a)
​ ​ ​ ​ (62,790) ​ ​
​ Less: Change in Pension Value reported in SCT ​ ​ ​ ​ — ​ ​
​ Plus: Pension value service cost(b) ​ ​ ​ ​ — ​ ​
​ Compensation actually paid ​ ​ ​ ​ 6,250,925 ​ ​
​
(a)
Fair value of equity awards is calculated in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718, Compensation — Stock Compensation. The fair value of unvested service-based RSUs, as well as the fair value of all RSUs upon vesting, is based upon the closing sales price for a share of Reliance common stock on the NYSE for the applicable date of measurement. The fair value of unvested performance-based RSUs is based upon the probable outcome of the applicable performance conditions at the time of measurement.
​
(b)
Service cost is calculated as the actuarial present value of benefits attributed to services rendered by the executive during the applicable fiscal year under the SERP, using the same methodology used in the Company’s GAAP financial statements included in its Annual Reports on Form 10-K.
​
(4)
Reflects the cumulative total stockholder return of the Company and an industry peer group consisting of publicly-traded metals service center companies (the “industry peer group”), which is the same industry peer group included in the stock performance graph furnished with our Annual Reports on Form 10-K, for the year ended December 31, 2020, the two-years ended December 31, 2021, the three years ended December 31, 2022, the four years ended December 31, 2023 and the five years ended December 31, 2024, assuming a $100 investment at the closing price on December 31, 2019 and the reinvestment of all dividends. The cumulative total stockholder return reflects market prices at the end of each year and the reinvestment of dividends. Since there is no nationally recognized industry index consisting of metals service center companies to be used as a peer group index, Reliance constructed the industry peer group. The industry peer group consists of Olympic Steel Inc., which has securities listed for trading on NASDAQ; Ryerson Holding Corporation and Worthington Enterprises, Inc., each of which has securities listed for trading on the NYSE; and Russel Metals Inc., which has securities listed for trading on the Toronto Stock Exchange. The returns of each member of the industry peer group are weighted according to that member’s stock market capitalization.
​
In December 2023, Worthington Industries, Inc., which was included in the industry peer group at December 31, 2022, split into Worthington Enterprises, Inc. and Worthington Steel, Inc. The performance of the industry peer group for year ended December 31, 2020, the two-years ended December 31, 2021, the three years ended December 31, 2022 and the four years ended December 31, 2023 has been retrospectively adjusted for the effect of the December 1, 2023 stock split.
(5)
Reflects the “Net Income” caption in the consolidated statements of income included in the Company’s Annual Reports on Form 10-K for each of the years ended December 31.
​
(6)
Annual ROA (operating income divided by average total assets for the year) is a non-GAAP financial measure calculated in accordance with our performance-based RSU awards and excludes various non-recurring charges and credits. Please refer to page 26 of this proxy statement for a reconciliation of operating income, excluding various non-recurring charges and credits, to the “operating income” caption in the consolidated statements of income included in the Company’s Annual Reports on Form 10-K for each of the years ended December 31, 2022, 2023 and 2024.
​
        
Company Selected Measure Name AnnualROA        
Named Executive Officers, Footnote
(1)
In 2023 and 2024, the CEO was Karla R. Lewis; in 2020, 2021 and 2022, the CEO was James D. Hoffman. The individuals comprising the non-CEO NEOs for each year are presented below:
​
2024
 ​ ​
2023
 ​ ​
2022
 ​ ​
2021
 ​ ​
2020
 ​
​
Stephen P. Koch
​ ​
Stephen P. Koch
​ ​
Karla R. Lewis
​ ​
Karla R. Lewis
​ ​
Karla R. Lewis
​
​
Arthur Ajemyan
​ ​
Arthur Ajemyan
​ ​
Stephen P. Koch
​ ​
Stephen P. Koch
​ ​
Stephen P. Koch
​
​
William A. Smith II
​ ​
Jeffery W. Durham
​ ​
Arthur Ajemyan
​ ​
Arthur Ajemyan
​ ​
William K. Sales, Jr.
​
​ ​ ​ ​
William A. Smith II
​ ​
William A. Smith II
​ ​
William A. Smith II
​ ​
Michael P. Shanley
​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​
William K. Sales, Jr.
​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Michael P. Shanley
​ ​ ​ ​
       
Peer Group Issuers, Footnote
(4)
Reflects the cumulative total stockholder return of the Company and an industry peer group consisting of publicly-traded metals service center companies (the “industry peer group”), which is the same industry peer group included in the stock performance graph furnished with our Annual Reports on Form 10-K, for the year ended December 31, 2020, the two-years ended December 31, 2021, the three years ended December 31, 2022, the four years ended December 31, 2023 and the five years ended December 31, 2024, assuming a $100 investment at the closing price on December 31, 2019 and the reinvestment of all dividends. The cumulative total stockholder return reflects market prices at the end of each year and the reinvestment of dividends. Since there is no nationally recognized industry index consisting of metals service center companies to be used as a peer group index, Reliance constructed the industry peer group. The industry peer group consists of Olympic Steel Inc., which has securities listed for trading on NASDAQ; Ryerson Holding Corporation and Worthington Enterprises, Inc., each of which has securities listed for trading on the NYSE; and Russel Metals Inc., which has securities listed for trading on the Toronto Stock Exchange. The returns of each member of the industry peer group are weighted according to that member’s stock market capitalization.
​
In December 2023, Worthington Industries, Inc., which was included in the industry peer group at December 31, 2022, split into Worthington Enterprises, Inc. and Worthington Steel, Inc. The performance of the industry peer group for year ended December 31, 2020, the two-years ended December 31, 2021, the three years ended December 31, 2022 and the four years ended December 31, 2023 has been retrospectively adjusted for the effect of the December 1, 2023 stock split.
       
PEO Total Compensation Amount $ 13,476,433 $ 14,319,273 $ 14,944,260 $ 14,245,016 $ 13,100,453
PEO Actually Paid Compensation Amount $ 16,820,934 23,779,336 31,322,752 47,236,660 14,073,926
Adjustment To PEO Compensation, Footnote
(2)
For each year presented, reflects the “Total” compensation set forth in the Summary Compensation Table (“SCT”) on page 46 with respect to our CEO and the average (mean) of the “Total” compensation for the non-CEO NEOs set forth above for the years presented. See the footnotes to the SCT for further detail regarding the amounts in this column.
​
(3)
Compensation actually paid, or “CAP”, is computed in accordance with Item 402(v) of Regulation S-K. The tables below present the adjustments made to the respective amounts set forth in the SCT for 2024, determined in accordance with SEC rules.
​
​ ​ ​ ​
CEO
2024
($)
 ​
​ Total Compensation as reported in Summary Compensation Table (SCT) ​ ​ ​ ​ 13,476,433 ​ ​
​ Less: Grant date fair value of equity awards granted during the year included in SCT ​ ​ ​ ​ (7,407,708) ​ ​
​
Plus: Year-end fair value of equity awards granted in the year that remain unvested as of the last day of the year(a)
​ ​ ​ ​ 9,660,241 ​ ​
​ Plus: Change in fair value from last day of prior year to last day of year of unvested equity awards(a) ​ ​ ​ ​ 2,391,653 ​ ​
​
Plus: Change in fair value from last day of prior year to vesting date of unvested equity awards that vested during year(a)
​ ​ ​ ​ (162,686) ​ ​
​ Less: Change in Pension Value reported in SCT ​ ​ ​ ​ (1,520,466) ​ ​
​ Plus: Pension value service cost(b) ​ ​ ​ ​ 383,467 ​ ​
​ Compensation actually paid ​ ​ ​ ​ 16,820,934 ​ ​
(a)
Fair value of equity awards is calculated in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718, Compensation — Stock Compensation. The fair value of unvested service-based RSUs, as well as the fair value of all RSUs upon vesting, is based upon the closing sales price for a share of Reliance common stock on the NYSE for the applicable date of measurement. The fair value of unvested performance-based RSUs is based upon the probable outcome of the applicable performance conditions at the time of measurement.
​
(b)
Service cost is calculated as the actuarial present value of benefits attributed to services rendered by the executive during the applicable fiscal year under the SERP, using the same methodology used in the Company’s GAAP financial statements included in its Annual Reports on Form 10-K.
       
Non-PEO NEO Average Total Compensation Amount $ 4,875,357 4,933,840 5,094,388 5,032,109 6,003,050
Non-PEO NEO Average Compensation Actually Paid Amount $ 6,250,925 8,260,700 9,370,352 11,357,546 4,913,818
Adjustment to Non-PEO NEO Compensation Footnote
(2)
For each year presented, reflects the “Total” compensation set forth in the Summary Compensation Table (“SCT”) on page 46 with respect to our CEO and the average (mean) of the “Total” compensation for the non-CEO NEOs set forth above for the years presented. See the footnotes to the SCT for further detail regarding the amounts in this column.
​
(3)
Compensation actually paid, or “CAP”, is computed in accordance with Item 402(v) of Regulation S-K. The tables below present the adjustments made to the respective amounts set forth in the SCT for 2024, determined in accordance with SEC rules.
​ ​ ​ ​
NON-CEO
(AVERAGE)
2024
($)
 ​
​ Total Compensation as reported in Summary Compensation Table (SCT) ​ ​ ​ ​ 4,875,357 ​ ​
​ Less: Grant date fair value of equity awards granted during the year included in SCT ​ ​ ​ ​ (2,400,534) ​ ​
​
Plus: Year-end fair value of equity awards granted in the year that remain unvested as of the last day of the year(a)
​ ​ ​ ​ 3,108,158 ​ ​
​ Plus: Change in fair value from last day of prior year to last day of year of unvested equity awards(a) ​ ​ ​ ​ 730,734 ​ ​
​
Plus: Change in fair value from last day of prior year to vesting date of unvested equity awards that vested during year(a)
​ ​ ​ ​ (62,790) ​ ​
​ Less: Change in Pension Value reported in SCT ​ ​ ​ ​ — ​ ​
​ Plus: Pension value service cost(b) ​ ​ ​ ​ — ​ ​
​ Compensation actually paid ​ ​ ​ ​ 6,250,925 ​ ​
(a)
Fair value of equity awards is calculated in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718, Compensation — Stock Compensation. The fair value of unvested service-based RSUs, as well as the fair value of all RSUs upon vesting, is based upon the closing sales price for a share of Reliance common stock on the NYSE for the applicable date of measurement. The fair value of unvested performance-based RSUs is based upon the probable outcome of the applicable performance conditions at the time of measurement.
​
(b)
Service cost is calculated as the actuarial present value of benefits attributed to services rendered by the executive during the applicable fiscal year under the SERP, using the same methodology used in the Company’s GAAP financial statements included in its Annual Reports on Form 10-K.
       
Compensation Actually Paid vs. Total Shareholder Return [MISSING IMAGE: bc_tsr-pn.jpg]        
Compensation Actually Paid vs. Net Income
[MISSING IMAGE: bc_netincome-pn.jpg]
       
Compensation Actually Paid vs. Company Selected Measure
[MISSING IMAGE: bc_roa-pn.jpg]
       
Total Shareholder Return Vs Peer Group [MISSING IMAGE: bc_tsr-pn.jpg]        
Tabular List, Table
FINANCIAL PERFORMANCE MEASURES
The most important financial performance measures used by the Company in setting pay-for-performance compensation for the most recently completed fiscal year are described in the table below. These measures are unranked. The manner in which these measures, together with certain non-financial performance measures, determine the amounts of incentive compensation paid to our NEOs is described above in the “Compensation Discussion and Analysis” section.
Significant Financial Performance Measures
​
Annual ROA ​
Gross Profit and Margin ​
Pretax Income and Margin ​
Tons Sold Growth ​
       
Total Shareholder Return Amount $ 245.9 251.8 179.5 141.3 102.5
Peer Group Total Shareholder Return Amount 205.8 271.2 164.2 164.5 116.6
Net Income (Loss) $ 878,000,000 $ 1,340,100,000 $ 1,844,200,000 $ 1,417,400,000 $ 372,400,000
Company Selected Measure Amount 11.57 16.7 25.32 22.24 8.91
PEO Name Karla R. Lewis        
Measure:: 1          
Pay vs Performance Disclosure          
Name Annual ROA        
Non-GAAP Measure Description
(6)
Annual ROA (operating income divided by average total assets for the year) is a non-GAAP financial measure calculated in accordance with our performance-based RSU awards and excludes various non-recurring charges and credits. Please refer to page 26 of this proxy statement for a reconciliation of operating income, excluding various non-recurring charges and credits, to the “operating income” caption in the consolidated statements of income included in the Company’s Annual Reports on Form 10-K for each of the years ended December 31, 2022, 2023 and 2024.
       
Measure:: 2          
Pay vs Performance Disclosure          
Name Gross Profit and Margin        
Measure:: 3          
Pay vs Performance Disclosure          
Name Pretax Income and Margin        
Measure:: 4          
Pay vs Performance Disclosure          
Name Tons Sold Growth        
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (1,520,466)        
PEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 383,467        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (7,407,708)        
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 9,660,241        
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,391,653        
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (162,686)        
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount        
Non-PEO NEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount        
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (2,400,534)        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 3,108,158        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 730,734        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (62,790)