---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-001001"
form_type: "8-K"
ticker: "RS"
cik: "0000861884"
company_name: "RELIANCE, INC."
filed_at: "2023-02-16T23:59:59+00:00"
generated_at: "2026-06-19T10:02:48.778053+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Reliance Steel reports record annual sales of $17.03B; Q4 EPS $5.88; dividend raised 14.3%

## Summary
- Annual net sales $17.03B (+20.8% YoY); record diluted EPS $29.92 ($30.03 non-GAAP); record pretax income $2.43B.
- Q4 net sales $3,610.8M (-9.5% YoY, -15% QoQ); Q4 diluted EPS $5.88 ($5.87 non-GAAP); tons sold down 8.2% QoQ.
- Record cash from operations $2.12B for 2022; $808.7M in Q4; $1.17B cash; $1.66B debt at year-end.
- Board raised quarterly dividend 14.3% to $1.00/share (annual $4.00); share repurchases $630.3M in 2022.
- Guidance: Q1 2023 non-GAAP diluted EPS $5.40-$5.60; tons sold expected up 11%-13% QoQ; pricing down 3%-5%.

## SEC filing metadata
- accession: 0001171843-23-001001
- form_type: 8-K
- ticker: RS
- cik: 0000861884
- company_name: RELIANCE, INC.
- filed_at: 2023-02-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/861884/000117184323001001/0001171843-23-001001-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/861884/000117184323001001/f8k_021623.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-001001
- JSON: https://secwatch.observer/filing/0001171843-23-001001.json
- Plain text: https://secwatch.observer/filing/0001171843-23-001001.txt

## Key facts
- Earnings Releases
  RELIANCE, INC. reported the full year ended December 31, 2022 results: revenue $17.03 billion, net income $1,840.1 million, EPS $29.92.
  - Period: the full year ended December 31, 2022
  - Revenue: $17.03 billion
  - Net income: $1,840.1 million
  - EPS: $29.92
  - Result: reported results
  source text: Reliance Steel & Aluminum Co. Reports Fourth Quarter and Full Year 2022 Financial Results - Record annual net sales of $17.03 billion increased 20.8% - Record annual pretax income of $2.43 billion and pretax income margin of 14.3% - Record annual EPS of $29.92; non-GAAP EPS of $30.03 - Record quarterly and annual cash flow from operations of $808.7 million and $2.12 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/861884/000117184323001001/0001171843-23-001001-index.htm
- Executive change
  John G. Figueroa departed as director at RELIANCE, INC..
  - Action: retire
  - Role: director
  source text: On February 14, 2023, John G. Figueroa informed the Company's Board of Directors (the “Board”) that he has decided to retire from service on the Board and will not stand for reelection to the Board at the 2023 Annual Meeting of Stockholders (the “Annual Meeting”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/861884/000117184323001001/0001171843-23-001001-index.htm

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