Last $64.72 USD
Change Today +1.74 / 2.76%
Volume 742.0K
RS On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

reliance steel & aluminum (RS) Snapshot

Open
$64.03
Previous Close
$62.98
Day High
$64.81
Day Low
$64.01
52 Week High
01/13/14 - $76.77
52 Week Low
10/15/14 - $59.92
Market Cap
5.1B
Average Volume 10 Days
656.7K
EPS TTM
$4.76
Shares Outstanding
78.1M
EX-Date
11/6/14
P/E TM
13.6x
Dividend
$1.40
Dividend Yield
2.16%
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 to small machine shops and fabricators, and OEM customers. Its principal processing services comprise cutting, leveling, sawing, machining, or electro polishing. The company also offers a range of metal perforating and fabrication services; and steel and alloy pipes, tubes and bar products, and precision manufacturing of various tools designed for the energy service companies. Reliance Steel & Aluminum Co. serves general manufacturing, non-residential construction, transportation, aerospace, energy, electronics, and semiconductor fabrication and related industries. As of February 20, 2014, it maintained a network of approximately 290 metals service center processing and distribution facilities in 39 states in the United States, as well as in Australia, Belgium, Canada, China, Malaysia, Mexico, Singapore, South Korea, the United Arab Emirates, and the United Kingdom. The company was founded in 1939 and is headquartered in Los Angeles, California.

14,000 Employees
Last Reported Date: 02/27/14
Founded in 1939

reliance steel & aluminum (RS) Top Compensated Officers

Chairman and Chief Executive Officer
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 Seeks Acquisitions

Reliance Steel & Aluminum Co. (NYSE:RS) is seeking acquisitions. Karla Lewis, Chief Financial Officer, said, “We believe that continuing to grow the Company through both acquisitions and organic investments is the best long-term use of our capital. Lewis added, “For potential acquisition targets, we are looking for a normalized pre-tax ROI hurdle rate of 12% to 15% and strong management teams, focused on quality and customer service, who will remain in place after the acquisition is completed. Going forward, 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 our acquired companies.”

Reliance Steel & Aluminum Co. Declares Regular Quarterly Cash Dividend Payable on December 18, 2014

On October 21, 2014, the board of directors of Reliance Steel & Aluminum Co. declared a quarterly cash dividend of $0.35 per share of common stock. The dividend is payable on December 18, 2014 to shareholders of record as of November 11, 2014.

Reliance Steel & Aluminum Co. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter Ending December 31, 2014; Provides Capex Guidance for the Year 2014

Reliance Steel & Aluminum Co. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales of 2,705.1 million against 2,443.5 million a year ago. Operating income was $151.3 million against $163.1 million a year ago. Income before income taxes was $130.4 million against $142.7 million a year ago. Net income was $96.9 million against $96.0 million a year ago. Net income attributable to company was $95.5 million or $1.21 diluted per share against $95.1 million or $1.22 diluted per share a year ago. non-GAAP net income for the 2014 third quarter was $105.1 million or $1.33 non-GAAP earnings per diluted share, up 8.1% from $1.23 non-GAAP earnings per diluted share in the 2013 third quarter and up 2.3% from $1.30 non-GAAP earnings per diluted share in the 2014 second quarter. Operating cash flow for the third quarter was $53.3 million, a decrease from $229.1 million in the 2013 third quarter. The decrease from the 2013 period is mainly due to higher levels of working capital. The company invested $47.5 million for capital expenditures during the third quarter. For the nine months, the company reported net sales of $7,874.9 million against $6,917.1 million a year ago. Operating income was $481.3 million against $438.6 million a year ago. Income before income taxes was $418.7 million against $385.3 million a year ago. Net income was $282.6 million against $262.4 million a year ago. Net income attributable to company was $279.2 million or $3.55 diluted per share against $259.8 million or $3.35 diluted per share a year ago. Net cash provided by operating activities was $162.8 million, compared to $513.0 million a year ago. Purchases of property, plant and equipment was $134.4 million compared to $118.7 million a year ago. Book value per share was $52.62 compared to $41.92 as on December 31, 2011. Return on shareholders’ equity was 35.1% compared to 34.3% a year ago. The company anticipated a solid operational performance with non-GAAP earnings per diluted share to be in the range of $1.00 to $1.10 for the quarter ending December 31, 2014, compared to $0.92 non-GAAP earnings per diluted share in the 2013 fourth quarter. This reflects a healthy earnings level given the typical fourth quarter trend of earnings per share down about 18% to 20% from third quarter levels. 2014 CapEx budget is $220 million. However, the company currently anticipates its total 2014 spend will be less than $200 million.

 

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Industry Analysis

RS

Industry Average

Valuation RS Industry Range
Price/Earnings 14.9x
Price/Sales 0.5x
Price/Book 1.2x
Price/Cash Flow 9.2x
TEV/Sales 0.3x
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