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AI brief of an SEC Form 8-K · Reliance (RS)

Reliance Q4 2024 diluted EPS falls to $1.93 from $4.70 as net sales drop 6.3%

Negative Impact 4 of 5 earnings Written later

Reliance reported fourth-quarter 2024 net sales of $3.13 billion, down 6.3% from a year earlier, and diluted EPS of $1.93 versus $4.70, with non-GAAP EPS of $2.22 versus $4.73. The company said a $5.6 million LIFO expense, compared with $50 million of LIFO income in the third quarter, and a net unfavorable year-end LIFO and tax true-up of $0.74 per share weighed on results against its $2.65 to $2.85 non-GAAP EPS guidance range. For shareholders, the company also guided to first-quarter 2025 non-GAAP EPS of $3.30 to $3.50 and raised its quarterly dividend 9.1% to $1.20.

Key points

  • Full-year 2024 net sales were $13.84 billion, down 6.6%, and diluted EPS was $15.56 versus $22.64 in 2023
  • Share repurchases totaled a record $1.09 billion in 2024, reducing outstanding shares by 6% year over year
  • Q1 2025 non-GAAP EPS guidance is $3.30 to $3.50, with tons sold expected up 3.0% to 5.0% from Q1 2024
  • Quarterly dividend raised to $1.20 per share, payable March 21, 2025 to holders of record as of March 7, 2025

The filing

CompanyReliance (RS)
Form8-K, current report
Filed with the SECFeb 19, 2025, 4:10 PM ET
Accession number0001171843-25-000921

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 19, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.