secwatch.observer — SEC 8-K summary
======================================

Issuer:     RELIANCE, INC. (RS)
CIK:        0000861884
Form:       8-K
Filed at:   2025-07-23T23:59:59+00:00
Accession:  0001171843-25-004643
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Reliance Q2 2025: record tons sold, non-GAAP EPS $4.43 up 18% QoQ, Q3 guidance $3.60-$3.80
--------------------------------------------------------------------------------

- Net sales $3.66B, tons sold 1.615M (+4.0% YoY) record for Q2; non-GAAP diluted EPS $4.43 (+17.5% QoQ).
- Non-GAAP gross profit margin 29.9%; pretax income $304.3M (+16% vs Q1 2025) despite $25M LIFO expense.
- Guidance: Q3 2025 tons sold down 1%-3% QoQ; average selling price down 1% to up 1%; EPS $3.60-$3.80.
- Repurchased $79.9M (301k shares at avg $265.17) in Q2; $1.02B remains under buyback program.
- Dividend declared $1.20/share, payable Aug 29, 2025 to holders of record Aug 15, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861884/000117184325004643/0001171843-25-004643-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861884/000117184325004643/f8k_072325.htm
  HTML page:      https://secwatch.observer/filing/0001171843-25-004643

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