secwatch.observer — SEC 8-K summary
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Issuer:     RELIANCE, INC. (RS)
CIK:        0000861884
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001171843-23-002609
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861884/000117184323002609/0001171843-23-002609-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861884/000117184323002609/f8k_042723.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-002609

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