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

Issuer:     RELIANCE, INC. (RS)
CIK:        0000861884
Form:       8-K
Filed at:   2026-04-22T23:59:59+00:00
Accession:  0001171843-26-002647
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Reliance beats Q1 expectations with EPS $5.16, record tons, and secures $2.9B in government contracts
--------------------------------------------------------------------------------

- Q1 non-GAAP EPS $5.16 vs guidance $4.50-$4.70; GAAP EPS $5.10; revenue $4.03B up 15.5% YoY.
- Record tons sold 1.673M, up 9.4% sequentially, outperforming MSCI industry decline by 8 ppts.
- Secured two major gov contracts: border wall (max $2.24B) and Joint Strike Fighter (max $654M).
- Q2 2026 guidance: non-GAAP EPS $5.15-$5.35, tons sold up 1-3% sequentially, pricing up 1.5-3.5%.
- Returned $301M to stockholders in Q1: $67M dividends, $234M share buybacks; quarterly dividend raised 4.2% to $1.25.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861884/000117184326002647/0001171843-26-002647-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861884/000117184326002647/f8k_042226.htm
  HTML page:      https://secwatch.observer/filing/0001171843-26-002647

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