secwatch.observer — SEC 8-K summary
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Issuer:     RELIANCE, INC. (RS)
CIK:        0000861884
Form:       8-K
Filed at:   2021-07-22T23:59:59+00:00
Accession:  0001171843-21-004996
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Reliance Steel Q2 EPS $5.08 beat; record sales $3.42B; raises buyback to $1B
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- Record quarterly net sales $3.42B, gross profit $1.08B (margin 31.7%), pretax income $444.1M.
- Diluted EPS $5.08 vs $1.24 YoY; non-GAAP diluted EPS $5.06.
- Board increased share repurchase authorization to $1B; declared $0.6875/share dividend payable Aug 27.
- Raised sustainable gross profit margin range to 29%-31% from prior range.
- Q3 2021 guidance: non-GAAP EPS $5.55-$5.75; tons sold flat to slight decline; avg selling price up 7-9%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861884/000117184321004996/0001171843-21-004996-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861884/000117184321004996/f8k_072221.htm
  HTML page:      https://secwatch.observer/filing/0001171843-21-004996

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