Reliance Steel Q2 EPS $6.49; guides Q3 non-GAAP EPS $4.90-$5.10 on softer pricing

RELIANCE, INC.

2023-Q2 EPS reported $12.92 revenue$7,845,600,000

Net sales $3.88B, tons sold +1.9% YoY; GAAP EPS $6.49 vs $9.15 a year ago.
Cash from ops $295.1M; repurchased $73.9M of common stock in Q2.
Completed acquisition of Southern Steel Supply (annual revenue $62.9M) on May 1, 2023.
Board declared $1.00/share dividend (annual $4.00), payable Sept 1, record Aug 18.
Q3 outlook: tons sold -2% to -4% QoQ; average selling price -2% to -4% QoQ.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RELIANCE, INC. reported the second quarter ended June 30, 2023 results: revenue $3.88 billion, net income $385.1, EPS $6.49.

Period: the second quarter ended June 30, 2023
Revenue: $3.88 billion
Net income: $385.1
EPS: $6.49
Result: reported results

Exact text from the filing

Reliance Steel & Aluminum Co. Reports Second Quarter 2023 Financial Results · Net sales of $3.88 billion with tons sold up 1.9% from Q2 2022 · Strong gross profit margin of 31.5% · EPS of $6.49 · Cash flow from operations of $295.1 million · Repurchased $73.9 million of common stock · Completed acquisition of Southern Steel Supply, LLC on May 1, 2023

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RELIANCE, INC. filing history →

Source: SEC EDGAR

accession 0001171843-23-004703

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