---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-004125"
form_type: "8-K"
ticker: "RS"
cik: "0000861884"
company_name: "RELIANCE, INC."
filed_at: "2024-07-25T23:59:59+00:00"
generated_at: "2026-05-31T16:32:42.133507+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Reliance Q2 EPS $4.67 on $3.64B sales; tons sold +4% QoQ but pricing pressure persists

## Summary
- Net sales $3.64B flat QoQ; tons sold up 4.0% to 1.55M, same-store tons +0.9%.
- GAAP EPS $4.67, non-GAAP $4.65; gross profit margin 29.8% vs 31.0% Q1.
- Cash from operations $366.3M; repurchased $519.3M of shares in Q2 and $165.4M in July.
- Completed acquisitions of American Alloy (FY23 sales ~$310M) and Mid-West Materials ($87M) on April 1.
- Q3 guidance: tons sold down 2.5-4.5% QoQ, non-GAAP EPS $3.60-$3.80, with continued pricing pressure.

## SEC filing metadata
- accession: 0001171843-24-004125
- form_type: 8-K
- ticker: RS
- cik: 0000861884
- company_name: RELIANCE, INC.
- filed_at: 2024-07-25T23:59:59+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/861884/000117184324004125/0001171843-24-004125-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/861884/000117184324004125/f8k_072524.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-004125
- JSON: https://secwatch.observer/filing/0001171843-24-004125.json
- Plain text: https://secwatch.observer/filing/0001171843-24-004125.txt

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