secwatch.observer — SEC 8-K summary
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Issuer:     RELIANCE, INC. (RS)
CIK:        0000861884
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001171843-23-004703
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861884/000117184323004703/0001171843-23-004703-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861884/000117184323004703/f8k_072723.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-004703

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