---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-002609"
form_type: "8-K"
ticker: "RS"
cik: "0000861884"
company_name: "RELIANCE, INC."
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T10:32:29.192991+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Reliance Steel Q1 EPS $6.43, beats expectations; dividend up 14.3% to $1.00/share; guides Q2 $6.40-$6.60

## Summary
- Net sales $3.97B, down 11.6% YoY but up 9.8% sequentially; tons sold up 17.7% QoQ.
- Diluted EPS $6.43 (GAAP), non-GAAP $6.37; pretax income margin 12.8%.
- Cash from ops $384.6M; redeemed $500M senior notes; net debt-to-capital 4.3%.
- Dividend raised 14.3% to $1.00/share quarterly; Q2 dividend declared payable June 9.
- Q2 guidance: non-GAAP EPS $6.40-$6.60; tons flat to down 2%; pricing flat to up 2%.

## SEC filing metadata
- accession: 0001171843-23-002609
- form_type: 8-K
- ticker: RS
- cik: 0000861884
- company_name: RELIANCE, INC.
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/861884/000117184323002609/0001171843-23-002609-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/861884/000117184323002609/f8k_042723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-002609
- JSON: https://secwatch.observer/filing/0001171843-23-002609.json
- Plain text: https://secwatch.observer/filing/0001171843-23-002609.txt

## Key facts
- Earnings Releases
  RELIANCE, INC. reported the first quarter ended March 31, 2023 results: revenue $3,965.3, net income $383.1, EPS $6.43.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $3,965.3
  - Net income: $383.1
  - EPS: $6.43
  - Result: reported results
  source text: except tons which are in thousands and per share amounts) Sequential Quarter Quarter-Over- Quarter Q1 2023 Q4 2022 % Change Q1 2022 % Change Income Statement Data: Net sales $ 3,965.3 $ 3,610.8 9.8% $ 4,485.8 (11.6%) Gross profit 1 $ 1,226.0 $ 1,129.8 8.5% $ 1,387.1 (11.6%) Gross profit margin 1 30.9% 31.3% (0.4%) 30.9% 0.0% Non-GAAP gross profit margin 1,2
  evidence_url: https://www.sec.gov/Archives/edgar/data/861884/000117184323002609/0001171843-23-002609-index.htm

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