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Last $64.88 USD
Change Today +0.14 / 0.22%
Volume 555.2K
As of 8:04 PM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

reliance steel & aluminum (RS) Snapshot

Open
$64.09
Previous Close
$64.74
Day High
$64.94
Day Low
$63.98
52 Week High
07/22/14 - $75.38
52 Week Low
01/30/15 - $50.63
Market Cap
4.8B
Average Volume 10 Days
512.7K
EPS TTM
$5.00
Shares Outstanding
74.3M
EX-Date
05/27/15
P/E TM
13.0x
Dividend
$1.60
Dividend Yield
2.31%
Current Stock Chart for RELIANCE STEEL & ALUMINUM (RS)

reliance steel & aluminum (RS) Related Businessweek News

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reliance steel & aluminum (RS) Details

Reliance Steel & Aluminum Co. operates as a metals service center company. The company provides metals processing services and distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products. Its principal processing services comprise cutting, leveling, sawing, machining, and electro polishing. The company also fabricates and distributes structural steel components and parts; provides metal components and inventory management services; and distributes special alloy steel bar and heavy-wall tubing products to oil and gas industries, as well as offers aluminum bronze and cut to size materials. In addition, it provides a range of metal perforating and fabrication services; distributes aerospace metals; and offers alloy, carbon, and stainless steel bar and plate products. Reliance Steel & Aluminum Co. serves general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, heavy industry, and related industries. The company sells its products to OEM customers, small machine shops, and fabricators. As of February 19, 2015, it operated through a network of metals service centers in approximately 300 locations in 39 states in the United States, as well as in Australia, Belgium, Canada, China, France, Malaysia, Mexico, Singapore, South Korea, Turkey, the United Arab Emirates, and the United Kingdom. The company was founded in 1939 and is headquartered in Los Angeles, California.

14,900 Employees
Last Reported Date: 02/26/15
Founded in 1939

reliance steel & aluminum (RS) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $712.5K
Executive Chairman
Total Annual Compensation: $1.1M
Chief Financial Officer and Senior Executive ...
Total Annual Compensation: $532.5K
Executive Vice President of Operations
Total Annual Compensation: $482.0K
Executive Vice President of Operations
Total Annual Compensation: $482.0K
Compensation as of Fiscal Year 2014.

reliance steel & aluminum (RS) Key Developments

Reliance Steel & Aluminum Co. Declares First Quarter 2015 Cash Dividend, Payable on June 19, 2015

On April 21, 2015, the Board of Directors of Reliance Steel & Aluminum Co. declared a quarterly cash dividend of $0.40 per share of common stock, payable on June 19, 2015 to shareholders of record as of May 29, 2015. The company has paid regular quarterly dividends for 56 consecutive years and has increased the dividend 22 times since the 1994 IPO, including a 14% increase in the first quarter of 2015.

Reliance Steel & Aluminum Co. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter Ending June 30, 2015; Provides Capital Expenditure Guidance for the Full Year 2015

Reliance Steel & Aluminum Co. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales of $2,614.4 million compared to $2,553.0 million a year ago. Operating income was $169.3 million compared to $154.3 million a year ago. Income before income taxes was $150.6 million compared to $134.1 million a year ago. Net income was $102.9 million compared to $87.9 million a year ago. Net income attributable to the company was $101.3 million compared to $87.2 million a year ago. Diluted earnings per share were $1.30 compared to $1.11 a year ago. Net cash provided by operating activities was $171.4 million compared to $68.8 million a year ago. Purchases of property, plant and equipment was $31.3 million compared to $28.9 million a year ago. Book value per share was $53.29. Non-GAAP earnings per diluted share were $1.30, up 9.2%. The company provided earnings guidance for the second quarter ending June 30, 2015. For the period, the company expects a modest increase in tons sold in the second quarter of 2015 over the first quarter of 2015; the company expects downward pricing will negatively impact the average selling prices and margins.  As a result, management currently expects earnings per diluted share to be in the range of $1.05 to $1.15 for the quarter ending June 30, 2015. The company currently anticipates that full year 2015 effective income tax rate will be in the range of 31% to 32%. Full year 2015 capital expenditure budget remains $200 million, the majority of which relates to growth activities.

Reliance Steel & Aluminum Co., Annual General Meeting, May 20, 2015

Reliance Steel & Aluminum Co., Annual General Meeting, May 20, 2015., at 10:00 Pacific Standard Time. Location: The L.A. Hotel Downtown. Agenda: To elect nine directors to serve for one year and until their successors have been duly elected and qualified. The nominees for election to the Board are Sarah J. Anderson, John G. Figueroa, Thomas W. Gimbel, David H. Hannah, Douglas M. Hayes, Mark V. Kaminski, Gregg J. Mollins, Andrew G. Sharkey, III, and Leslie A. Waite; to reincorporate the company from California to Delaware by means of a merger with and into a wholly-owned Delaware subsidiary; to approve the Reliance Steel & Aluminum Co. Amended and Restated 2015 Incentive Award Plan; to consider a non-binding, advisory vote to approve the compensation of the Company's named executive officers; to consider a shareholder proposal to adopt a policy to separate the roles of CEO and Chairman; to ratify the appointment of KPMG LLP as its independent registered public accounting firm for 2015; and to transact any other business.

 

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Industry Analysis

RS

Industry Average

Valuation RS Industry Range
Price/Earnings 13.2x
Price/Sales 0.5x
Price/Book 1.2x
Price/Cash Flow 8.0x
TEV/Sales 0.2x
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