Last $58.65 USD
Change Today +0.60 / 1.03%
Volume 833.6K
As of 8:04 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

reliance steel & aluminum (RS) Snapshot

Open
$58.10
Previous Close
$58.05
Day High
$58.89
Day Low
$57.53
52 Week High
07/22/14 - $75.38
52 Week Low
01/30/15 - $50.63
Market Cap
4.5B
Average Volume 10 Days
704.2K
EPS TTM
$4.89
Shares Outstanding
77.6M
EX-Date
03/11/15
P/E TM
12.0x
Dividend
$1.60
Dividend Yield
2.39%
Current Stock Chart for RELIANCE STEEL & ALUMINUM (RS)

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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

Executive Chairman of the Board and Chief Exe...
Total Annual Compensation: $1.0M
President, Chief Operating Officer and Direct...
Total Annual Compensation: $685.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $507.5K
Senior Vice President of Operations
Total Annual Compensation: $457.0K
Senior Vice President of Operations
Total Annual Compensation: $457.0K
Compensation as of Fiscal Year 2013.

reliance steel & aluminum (RS) Key Developments

Reliance Steel & Aluminum Co. Announces Management Changes

Reliance Steel & Aluminum Co. announced that the company's Board of Directors has approved an executive leadership succession plan consistent with the company's growth strategy and focus on operational execution. David H. Hannah, who has served as Reliance's Chief Executive Officer since 1999 and Chairman of the Board and CEO since 2007, has announced his intention to transition from his role as CEO effective May 20, 2015 following Reliance's Annual Meeting of Shareholders. Gregg J. Mollins, who currently serves as President and Chief Operating Officer of Reliance, will succeed Mr. Hannah as President and CEO at that time. Mr. Hannah will remain on the company's Board of Directors as Executive Chairman until July 2016 and will remain involved in the company's daily operations until his departure, at which time an independent, non-executive Chairman of the Board will be appointed. Reliance also announced several other promotions in connection with its management succession plan, each to take effect concurrently with Mr. Mollins' promotion on May 20, 2015: Karla R. Lewis, Reliance's Executive Vice President and Chief Financial Officer since 2002, will be promoted to Senior Executive Vice President and CFO and will continue to lead the company's overall financial operations. Ms. Lewis, who has been with Reliance since 1992, oversees Reliance's accounting, financial planning, capital allocation and investor relations activities. William K. Sales, Jr. will be promoted to the office of Executive Vice President, Operations. James D. Hoffman will also be promoted to the office of Executive Vice President, Operations. Mr. Hoffman has served as the company's Senior Vice President of Operations since 2008 and oversees the company's carbon steel and alloy operations, including the energy, auto and non-residential construction industries. James D. Hoffman will also be promoted to the office of Executive Vice President, Operations. Mr. Hoffman has served as the company's Senior Vice President of Operations since 2008 and oversees the company's carbon steel and alloy operations, including the energy, auto and non-residential construction industries. Each of Mr. Sales, Mr. Hoffman, and Stephen P. Koch, Senior Vice President, Operations since 2010, will continue to report to Mr. Mollins. Mrs. Lewis and Mr. Shanley will also report to Mr. Mollins.

Reliance Steel & Aluminum Co. Declares Regular Quarterly Cash Dividend, Payable on March 27, 2015

Reliance Steel & Aluminum Co. announced that on February 17, 2015, board of directors declared a regular quarterly cash dividend of $0.40 per common share of stock, an increase of 14%. The dividend is payable on March 27, 2015, to shareholders of record as of March 13, 2015.

Reliance Steel & Aluminum Co. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter Ending March 31, 2015 and Tax Rate Guidance for the Year 2015

Reliance Steel & Aluminum Co. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported sales of $2.58 billion, up 11.7% from $2.31 billion in the fourth quarter of 2013 and down 4.7% from $2.71 billion in the third quarter of 2014. Net income attributable to Reliance was $92.3 million, up 49.4% from $61.8 million in the fourth quarter of 2013 and down 3.4% from $95.5 million in the third quarter of 2014. Earnings per diluted share were $1.18, up 49.4% from $0.79 in the fourth quarter of 2013 and down 2.5% from $1.21 in the third quarter of 2014. Non-GAAP earnings per diluted share were $1.01, up 7.4% from $0.94 in the fourth quarter of 2013 and down 24.1% from $1.33 in the third quarter of 2014. Operating income was $136.1 million against $113.3 million a year ago. Income before income taxes was $127.6 million against $93.0 million a year ago. Net income attributable to Reliance, adjusted was $105.1 million against $71.9 million a year ago. Cash flow from operations was $193.2 million for the fourth quarter of 2014. The company invested $56 million for capital expenditures during the fourth quarter. The company tons sold on a same-store basis was up 4.4% compared to the fourth quarter of 2013. For the year, sales were a record $10.45 billion, up 13.3% from $9.22 billion in 2013. Net income attributable to Reliance was $371.5 million, up 15.5% from $321.6 million in 2013. Earnings per diluted share were $4.73, up 14.3% from $4.14 in 2013. Non-GAAP earnings per diluted share were $4.83, up 8.5% from $4.45 in 2013. Operating income was $617.4 million against $551.9 million a year ago. Income before income taxes was $546.3 million against $478.3 million a year ago. Purchases of property, plant and equipment was $190.4 million against $168.0 million a year ago. Return on Reliance shareholders' equity was 9.6% against 9.0% a year ago. Book value per share was $53.03 against $49.99 a year ago. Net income attributable to Reliance, adjusted was $379.9 million against $345.5 million a year ago. Net cash provided by operating activities was $356.0 million against $633.3 million a year ago. For the full year 2014 the company spends $190.4 million capital expenditure, the majority of which relates to growth activities. The company expects higher tons sold in the first quarter of 2015 versus the fourth quarter of 2014, but lower average selling prices and margins. As a result, management currently expects non-GAAP earnings per diluted share to be in the range of $1.00 to $1.10 for the quarter ending March 31, 2015. The company currently anticipates that full year 2015 effective income tax rate will be in the range of 31% to 32%. The company expects 2015 CapEx budget is $200 million.

 

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Industry Analysis

RS

Industry Average

Valuation RS Industry Range
Price/Earnings 12.3x
Price/Sales 0.4x
Price/Book 1.1x
Price/Cash Flow 7.7x
TEV/Sales 0.2x
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