---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-22-002908"
form_type: "8-K"
ticker: "RS"
cik: "0000861884"
company_name: "RELIANCE, INC."
filed_at: "2022-04-28T23:59:59+00:00"
generated_at: "2026-06-26T03:46:44.968837+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Reliance Steel Q1 2022: record sales $4.49B, EPS $8.33, raises dividend 27.3%

## Summary
- Revenue $4.49B (+58% YoY, +12.5% QoQ); diluted EPS $8.33 (non-GAAP $8.42) - both quarterly records.
- Record gross profit $1.39B at 30.9% margin; operating cash flow $404.0M, a Q1 record.
- Dividend raised 27.3% to $0.875/share quarterly; $56.7M paid in Q1, 63 consecutive years.
- Q2 2022 non-GAAP EPS guidance $9.00–$9.10; tons sold flat to +2% QoQ, selling price flat to +2%.
- Capex budget increased to $455M from $350M to capture semiconductor and organic growth opportunities.

## SEC filing metadata
- accession: 0001171843-22-002908
- form_type: 8-K
- ticker: RS
- cik: 0000861884
- company_name: RELIANCE, INC.
- filed_at: 2022-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/861884/000117184322002908/0001171843-22-002908-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/861884/000117184322002908/f8k_042822.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-22-002908
- JSON: https://secwatch.observer/filing/0001171843-22-002908.json
- Plain text: https://secwatch.observer/filing/0001171843-22-002908.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.