secwatch.observer — SEC 8-K summary
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Issuer:     RELIANCE, INC. (RS)
CIK:        0000861884
Form:       8-K
Filed at:   2023-02-16T23:59:59+00:00
Accession:  0001171843-23-001001
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861884/000117184323001001/0001171843-23-001001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861884/000117184323001001/f8k_021623.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-001001

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