Reliance raises 2026 LIFO outlook to $450 million from $300 million

Bitget2026/10/28 20:49

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Reliance raised its full-year 2026 LIFO outlook to $450 million from $300 million estimated in the second quarter.
The revision triggered a third-quarter LIFO true-up of $112.5 million, or $1.64 per share.
Estimated sustainable gross profit margin stands at 29%-31%, compared with the prior 28%-30% range.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reliance Inc, published the original content used to generate this news brief on October 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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The Manufacturing Purchasing Managers' Index (PMI) released by the Institute for Supply Management (ISM) in the United States rose by 1 point in October to reach 55.5, marking the second highest reading in more than four years and exceeding the market expectation of 54.7. The production index recorded its best performance since the end of 2021, while the new orders index, a key indicator of demand, also reached its highest level since July.

华尔街见闻•2026/11/02 18:26