secwatch.observer — SEC 8-K summary
======================================

Issuer:     RELIANCE, INC. (RS)
CIK:        0000861884
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0001104659-24-024355
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Reliance reports Q4 EPS $4.70, full-year EPS $22.64; dividend up 10%; announces two acquisitions and corporate rebrand
--------------------------------------------------------------------------------

- Net sales $3,337.3M in Q4, down 7.6% YoY; full-year net sales $14,805.9M, down 13.0%.
- Q4 non-GAAP diluted EPS $4.73; full-year non-GAAP $22.62 (second highest).
- Quarterly dividend increased 10% to $1.10/share ($4.40 annual); declared payable March 22, 2024.
- Completed acquisition of Cooksey Iron & Metal on Feb 1, 2024; pending acquisition of American Alloy Steel (announced Feb 14).
- Corporate name changed to Reliance, Inc.; ticker RS unchanged; effective Feb 26, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861884/000110465924024355/0001104659-24-024355-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861884/000110465924024355/tm246217d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-024355

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer