Reliance-2024-AnnualReport-AlwaysOn

NET SALES (IN MILLIONS)

We also returned $250 million in dividends to you, our valued stockholders, in 2024. In the first quarter of 2025, we announced a 9.1% increase in our quarterly dividend to a current annual rate of $4.80 per common share, marking our 32nd increase since our 1994 IPO. We are proud to have rewarded our stockholders with 65 consecutive years of dividends without reduction or suspension.  Accretive Acquisitions In 2024, we successfully completed four acquisitions, contributing an additional $400 million in annualized net sales. These strategic transactions expand Reliance’s geographic presence and strengthen our processing capabilities in both new and existing markets, positioning us well for ongoing growth. • Cooksey Iron &Metal Company in Tifton, GA, is a metals service center that processes and distributes finished steel products such as tubing, beams, plates, and bars. Cooksey supports our strategy of customer, product, and geographical diversification, and strengthens our position in the Southeast. • American Alloy Steel, Inc. , headquartered in Houston, TX, with six additional locations, is a leading distributor of specialty carbon and alloy steel plate and round bar, including pressure vessel quality (PVQ) material. American Alloy expands our product portfolio to include specialty carbon steel plate and enhances our fabrication capabilities. • Mid-West Materials, Inc. in Perry, OH, is a premier flat-rolled steel service center primarily servicing North American OEMs. Mid-West increases our flat-rolled presence in the important Ohio market and surrounding regions. • We also acquired certain toll processing assets of the FerrouSouth division of FerragonCorporation in Iuka, MS, strengthening our logistics capabilities, including shipping and warehousing services, in the rapidly growing Southeasternmarket. Commitment toEmployeeSafety,Health&Wellbeing The safety, health, and wellbeing of our employees is at the core of our daily operations. We are particularly proud of our 2024 Total Recordable Incident Rate (TRIR) of 1.75 which was well below the 2023 Metals Service Center Institute (MSCI) median of 3.4. With a fleet of approximately 1,900 commercial trucks, we are also proud of our U.S. Department of

$17,025.0

$14,805.9

$14,093.3

$13,835.0

$8,811.9

2024

2020

2021

2022

2023

NET INCOME (IN MILLIONS)

$1,840.1

$1,413.0

$1,335.9

$875.2

$369.1

2020

2024

2021

2022

2023

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