---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-004703"
form_type: "8-K"
ticker: "RS"
cik: "0000861884"
company_name: "RELIANCE, INC."
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T01:44:39.105329+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001171843-23-004703
- form_type: 8-K
- ticker: RS
- cik: 0000861884
- company_name: RELIANCE, INC.
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/861884/000117184323004703/0001171843-23-004703-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/861884/000117184323004703/f8k_072723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-004703
- JSON: https://secwatch.observer/filing/0001171843-23-004703.json
- Plain text: https://secwatch.observer/filing/0001171843-23-004703.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/861884/000117184323004703/0001171843-23-004703-index.htm

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