Reliance Steel & Aluminum Co. (RS) announced two new U.S. government contracts that together could be worth up to $2.9 billion. The first, a Department of Homeland Security (DHS) agreement, is valued at up to $2.24 billion and runs from February 11 2026 to December 31 2028. The second, a Lockheed Martin IDIQ contract, is valued at up to $654 million and spans a five‑year term beginning January 1 2027 with the possibility of three one‑year extensions, ending December 31 2028.
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Reliance Steel & Aluminum Co. reported fourth‑quarter 2025 results that were largely in line with revenue expectations but fell short on earnings, with non‑GAAP diluted earnings per share of $2.40 versus a consensus estimate of $2.80, a miss of $0.40 or 14.3%. The miss was driven by a significant LIFO expense of $38.7 million, a swing from the $113.7 million LIFO expense recorded for the full year, and higher aluminum costs that increased the LIFO charge for the quarter.
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