secwatch.observer — SEC 8-K summary
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Issuer:     RELIANCE, INC. (RS)
CIK:        0000861884
Form:       8-K
Filed at:   2022-04-28T23:59:59+00:00
Accession:  0001171843-22-002908
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861884/000117184322002908/0001171843-22-002908-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861884/000117184322002908/f8k_042822.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-002908

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