---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-006431"
form_type: "8-K"
ticker: "RS"
cik: "0000861884"
company_name: "RELIANCE, INC."
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T09:23:47.619865+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Reliance Steel Q3 EPS $4.99 in line; Q4 guide $3.70-$3.90; buyback authorized $1.5B

## Summary
- Q3 net sales $3.62B, tons sold up 1.1% YoY; non-GAAP EPS $5.00 in line with guidance.
- Cash from operations $466M; repurchased $126.4M of stock in Q3.
- Board replenished share repurchase plan to $1.5B with no expiration; $294.8M remained under prior authorization.
- Q4 outlook: non-GAAP EPS $3.70-$3.90, tons sold down 4%-6% sequentially, avg selling price down 4%-6%.
- Director James Hoffman to retire from board at 2024 annual meeting; no disagreement cited.

## SEC filing metadata
- accession: 0001171843-23-006431
- form_type: 8-K
- ticker: RS
- cik: 0000861884
- company_name: RELIANCE, INC.
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/861884/000117184323006431/0001171843-23-006431-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/861884/000117184323006431/f8k_102523.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-006431
- JSON: https://secwatch.observer/filing/0001171843-23-006431.json
- Plain text: https://secwatch.observer/filing/0001171843-23-006431.txt

## Key facts
- Earnings Releases
  RELIANCE, INC. reported the third quarter ended September 30, 2023 results: revenue $3,623.0 million, net income $295.0 million, EPS $4.99.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $3,623.0 million
  - Net income: $295.0 million
  - EPS: $4.99
  - Result: reported results
  source text: Reliance Steel & Aluminum Co. Reports Third Quarter 2023 Financial Results – Net sales of $3.62 billion with tons sold up 1.1% from Q3 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/861884/000117184323006431/0001171843-23-006431-index.htm
- Executive change
  James D. Hoffman departed as Director at RELIANCE, INC..
  - Action: retire
  - Role: Director
  source text: On October 24, 2023, James D. Hoffman informed the Company’s Board of Directors (the “Board”) that he has decided to retire from service on the Board and will not stand for reelection to the Board at the 2024 Annual Meeting of Stockholders
  evidence_url: https://www.sec.gov/Archives/edgar/data/861884/000117184323006431/0001171843-23-006431-index.htm

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