secwatch.observer — SEC 8-K summary
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Issuer:     RELIANCE, INC. (RS)
CIK:        0000861884
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0001171843-22-005082
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Reliance Steel Q2 2022: Record sales $4.68B, EPS $9.15; Q3 guidance $6.00-$6.20
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- Record Q2 net sales $4.68B, gross profit $1.50B (31.9% margin), pretax income $762.6M (16.3% margin).
- Diluted EPS $9.15, up 9.8% sequentially; Q2 cash flow from ops $270.2M; repurchased 1.1M shares for $193.9M.
- Q3 2022 guidance: tons sold down 3-5%, average selling price down 5-7%, non-GAAP EPS $6.00-$6.20.
- Board declared quarterly dividend $0.875/share, payable Sept 2; refreshed share repurchase authorization to $1B.
- Demand steady in non-residential construction, automotive, aerospace, energy; semiconductor strong; manufacturing mixed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861884/000117184322005082/0001171843-22-005082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861884/000117184322005082/f8k_072822.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-005082

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