CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Millions |
3 Months Ended | 9 Months Ended | ||||
|---|---|---|---|---|---|---|
Sep. 30, 2023 |
Sep. 30, 2022 |
Sep. 30, 2023 |
Sep. 30, 2022 |
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| CONSOLIDATED STATEMENTS OF INCOME | ||||||
| Net sales | $ 3,623.0 | $ 4,247.2 | $ 11,468.6 | $ 13,414.2 | | |
| Costs and expenses: | ||||||
| Cost of sales (exclusive of depreciation and amortization shown below) | 2,546.0 | 3,008.2 | 7,942.9 | 9,292.7 | ||
| Warehouse, delivery, selling, general and administrative ("SG&A") | 626.9 | 630.1 | 1,928.8 | 1,890.6 | ||
| Depreciation and amortization | 60.6 | 60.4 | 182.5 | 178.8 | ||
| Total costs and expenses | 3,233.5 | 3,698.7 | 10,054.2 | 11,362.1 | | |
| Operating income | 389.5 | 548.5 | 1,414.4 | 2,052.1 | | |
| Other (income) expense: | | |||||
| Interest expense | 9.7 | 15.6 | 30.3 | 46.8 | | |
| Other (income) expense, net | (8.2) | 8.9 | (23.3) | 21.5 | | |
| Total Other Income Expenses | 1.5 | 24.5 | 7.0 | 68.3 | 0.0 | |
| Income before income taxes | 388.0 | 524.0 | 1,407.4 | 1,983.8 | | |
| Income tax provision | 92.0 | 129.6 | 340.7 | 490.9 | | |
| Net income | 296.0 | 394.4 | 1,066.7 | 1,492.9 | | |
| Less: net income attributable to noncontrolling interests | 1.0 | 0.9 | 3.5 | 3.3 | ||
| Net income attributable to Reliance | $ 295.0 | $ 393.5 | $ 1,063.2 | $ 1,489.6 | ||
| Earnings per share attributable to Reliance stockholders: | ||||||
| Basic (in dollars per share) | $ 5.05 | $ 6.55 | $ 18.13 | $ 24.35 | ||
| Diluted (in dollars per share) | $ 4.99 | $ 6.45 | $ 17.92 | $ 23.98 | ||
| Shares used in computing earnings per share: | ||||||
| Basic (in shares) | 58,427 | 60,055 | 58,648 | 61,175 | ||
| Diluted (in shares) | 59,124 | 60,984 | 59,333 | 62,114 | ||
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- Definition Cost of product sold and service rendered, excluding depreciation, depletion, and amortization. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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