secwatch.observer — SEC 8-K summary
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Issuer:     RELIANCE, INC. (RS)
CIK:        0000861884
Form:       8-K
Filed at:   2021-10-28T23:59:59+00:00
Accession:  0001171843-21-007233
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Reliance Steel Q3 net sales $3.85B record, EPS $6.15; guides Q4 $5.05-$5.15 EPS
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- Q3 net sales $3.85B (+84.5% YoY); diluted EPS $6.15 (record); pretax income $532.6M (record).
- LIFO expense $262.5M ($3.06/diluted share) due to rising metal prices; gross margin 31.5%.
- Completed acquisition of Merfish United (Oct 1) for ~$600M annual sales; adds tubular building products.
- Q4 2021 guidance: non-GAAP EPS $5.05-$5.15; tons sold down 5%-8% QoQ; avg selling price up 5%-7%.
- Repurchased 0.9M shares for $131M; quarterly dividend $0.6875/share, payable Dec 3, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861884/000117184321007233/0001171843-21-007233-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861884/000117184321007233/f8k_102821.htm
  HTML page:      https://secwatch.observer/filing/0001171843-21-007233

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