secwatch.observer — SEC 8-K summary
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Issuer:     RELIANCE, INC. (RS)
CIK:        0000861884
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001171843-24-002216
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Reliance Q1 non-GAAP EPS $5.30; 3 acquisitions; dividend raised to $1.10
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- Non-GAAP EPS $5.30 vs $6.37 YoY; net sales $3.64B, down 8.1% YoY.
- Tons sold up 10.3% QoQ to 1.49M; avg selling price $2,442/ton, down 6.9% YoY.
- Completed Cooksey (Feb 1), American Alloy & Mid-West Materials (Apr 1) — ~$500M annual sales.
- Quarterly dividend increased 10% to $1.10, payable June 7 to holders of record May 24.
- Q2 guidance: tons sold +2.5%-4.5% QoQ, non-GAAP EPS $4.70-$4.90.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861884/000117184324002216/0001171843-24-002216-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861884/000117184324002216/f8k_042524.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-002216

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