Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $61.26 USD
Change Today +0.28 / 0.46%
Volume 236.7K
RS On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 11:56 AM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

reliance steel & aluminum (RS) Snapshot

Open
$61.09
Previous Close
$60.98
Day High
$61.51
Day Low
$60.44
52 Week High
09/19/14 - $73.96
52 Week Low
01/30/15 - $50.63
Market Cap
4.6B
Average Volume 10 Days
1.1M
EPS TTM
$4.91
Shares Outstanding
74.3M
EX-Date
08/12/15
P/E TM
12.5x
Dividend
$1.60
Dividend Yield
2.44%
Current Stock Chart for RELIANCE STEEL & ALUMINUM (RS)

reliance steel & aluminum (RS) Related Businessweek News

No Related Businessweek News Found

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. Reports Earnings Results for the Second Quarter and First Half Ended June 30, 2015; Provides Tax Rate Guidance for the Full Year 2015 and Earnings Guidance for the Third Quarter Ending September 30, 2015

Reliance Steel & Aluminum Co. reported unaudited earnings results for the second quarter and first half ended June 30, 2015. For the quarter, sales were $2.42 billion, down 7.4% from $2.62 billion in the second quarter of 2014. Net income attributable to the company was $90.2 million or $1.20 per diluted share, down 6.5% from $96.5 million or $1.22 per diluted share in the second quarter of 2014. Earnings per diluted share were $1.20, down 1.6% from $1.22 in the second quarter of 2014. Non-GAAP earnings per diluted share were $1.21, down 6.9% from $1.30 in both the second quarter of 2014. Cash flow from operations was $292.5 million, up from $40.7 million in the second quarter of 2014. Operating income was $160.2 million compared to $175.7 million a year ago. Pretax income was $135.9 million compared to $154.2 million a year ago. For the first half, net sales were $5,038.1 million compared to $5,169.8 million a year ago. Operating income was $329.5 million compared to $330.0 million a year ago. Pretax income was $286.5 million compared to $288.3 million a year ago. Net income attributable to the company was $191.5 million or $2.50 per diluted share compared to $183.7 million or $2.34 per diluted share a year ago. Non-GAAP diluted earnings per share attributable to the stockholders of the company were $2.51 compared to $2.49 a year ago. Net cash provided by operating activities was $463.9 million compared to $109.5 million a year ago. Purchases of property, plant and equipment was $77.1 million compared to $86.9 million a year ago. The company currently expects earnings per diluted share to be in the range of $0.95 to $1.05 for the third quarter ending September 30, 2015. The company expects a decrease in tons sold of approximately 1% to 2% in the third quarter of 2015 over the second quarter of 2015 compared to the more typical seasonal trend of down 3% to 5%. The company currently expects that full year 2015 effective income tax rate will be in the range of 32% to 33%.

Reliance Steel & Aluminum Co Declares Quarterly Cash Dividend, Payable on September 11, 2015

Reliance Steel & Aluminum Co Board of Directors declared a quarterly cash dividend of $0.40 per share of common stock, payable on September 11, 2015 to shareholders of record as of August 14, 2015.

Reliance Steel Mulls Acquisitions

Reliance Steel & Aluminum Co. (NYSE:RS) is seeking acquisitions. Karla Lewis, Chief Financial Officer, said, "We expect to continue to acquire companies on a selective basis that fit within our strategy for profitable growth. We believe we are the acquirer of choice in our industry, and have a proven, well-executed acquisition strategy that has enhanced the performance of the acquired companies."

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
RS:US $61.22 USD +0.24

RS Competitors

Market data is delayed at least 15 minutes.

Company Last Change
AK Steel Holding Corp $3.25 USD +0.35
Aurubis AG €54.14 EUR +0.029
Commercial Metals Co $15.85 USD +0.32
Steel Dynamics Inc $20.41 USD +0.35
voestalpine AG €39.31 EUR +0.57
View Industry Companies
 

Industry Analysis

RS

Industry Average

Valuation RS Industry Range
Price/Earnings 12.2x
Price/Sales 0.4x
Price/Book 1.1x
Price/Cash Flow 7.4x
TEV/Sales 0.2x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact RELIANCE STEEL & ALUMINUM, please visit www.rsac.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.