Reliance raises 2026 LIFO outlook to $450 million from $300 million
RS•Reliance raised its 2026 LIFO outlook to $450 million from $300 million, prompting a third-quarter true-up of $112.5 million, or $1.64 per share. It also lifted its estimated sustainable gross profit margin range to 29%-31% from 28%-30%.
1. Outlook raised
Reliance raised its full-year 2026 LIFO outlook to $450 million from the $300 million estimated in the second quarter. The change prompted a third-quarter LIFO true-up of $112.5 million, or $1.64 per share. Estimated sustainable gross profit margin is now 29%-31%, compared with the prior range of 28%-30%.
