2020 Annual Report

NET SALES (IN MILLIONS)

CASH FLOW FROM OPERATIONS (IN MILLIONS)

$1,301.5

$11,534.5

$9,721.0

$1,173.0

$10,973.8

$8,613.4

$8,811.9

$664.6

$626.5

$399.0

20 16

20 1 7

20 18

20 1 9

2020

20 16

20 1 7

20 18

20 1 9

2020

RETURN ON EQUITY (% RETURN) Based on beginning of the year equity.

15%*

14%*

10%*

8%

7%*

20 16

20 1 7

20 18

20 1 9

2020

NET INCOME (IN MILLIONS)

EARNINGS PER SHARE (DILUTED)

$10.34

$701.5

$8.75

$8.34 **

$633.7

$613.4**

$369.1

$5.66

$4.16

$304.3

20 16

20 1 7

20 18

20 1 9

2020

20 16

20 1 7

20 18

20 1 9

2020

* Return on Reliance stockholders’ equity is based on the beginning of the year equity amount, except for 2020, 2019, and 2018, which are adjusted for $337.3million, $50.0million, and $484.9 million of share repurchases, respectively, and 2017, which is adjusted for a $207.3million income tax benefit as a result of the Tax Cuts and Jobs Act of 2017.

**Includes a $207.3 million, or $2.82 per share, income tax benefit as a result of the Tax Cuts and Jobs Act of 2017.

2020 ANNUAL REPORT

13