secwatch.observer — SEC 8-K summary
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Issuer:     RELIANCE, INC. (RS)
CIK:        0000861884
Form:       8-K
Filed at:   2022-02-17T23:59:59+00:00
Accession:  0001171843-22-001112
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Reliance Steel posts record FY21 revenue $14.09B, EPS $21.97; Q4 EPS $6.64 beats; dividend up 27%
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- Record annual net sales of $14.09B (+59.9% YoY) and diluted EPS of $21.97 ($22.12 non-GAAP).
- Q4 net sales $3.99B (+86.9% YoY), diluted EPS $6.64 ($6.83 non-GAAP); tons sold fell 5.7% sequentially.
- Completed four Q4 acquisitions for $439M (Merfish, Nu-Tech, Admiral Metals, Rotax) with ~$1B combined annual sales.
- Board raised quarterly dividend 27.3% to $0.875/share; repurchased $168.5M in Q4, $323.5M in FY21.
- Q1 2022 guidance: non-GAAP EPS $7.05-$7.15, tons sold +5-7% seq, ASP -2-4% reflecting diverse product mix.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861884/000117184322001112/0001171843-22-001112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861884/000117184322001112/f8k_021722.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-001112

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