secwatch.observer — SEC 8-K summary
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Issuer:     RELIANCE, INC. (RS)
CIK:        0000861884
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0001171843-24-005798
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Reliance Q3 EPS $3.61, down 27.7% YoY; guides Q4 EPS $2.65-$2.85
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- Net sales $3.42B (-5.6% YoY); tons sold +7.1% but avg selling price -12%
- Non-GAAP EPS $3.64 vs $5.00 a year ago; gross margin 29.4%
- Operating cash flow $463.9M; share repurchases $432M (3% of shares)
- Q4 guidance: tons sold down 6-8% sequentially, non-GAAP EPS $2.65-$2.85
- Completed FerrouSouth toll processing acquisition; declared $1.10/share dividend

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861884/000117184324005798/0001171843-24-005798-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861884/000117184324005798/f8k_102424.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-005798

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