Last $70.27 USD
Change Today +0.27 / 0.39%
Volume 1.3M
RS On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

reliance steel & aluminum (RS) Snapshot

Open
$69.82
Previous Close
$70.00
Day High
$71.04
Day Low
$69.67
52 Week High
10/24/13 - $76.78
52 Week Low
04/25/13 - $59.44
Market Cap
5.5B
Average Volume 10 Days
607.5K
EPS TTM
$4.28
Shares Outstanding
77.7M
EX-Date
03/4/14
P/E TM
16.4x
Dividend
$1.40
Dividend Yield
1.86%
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

Texas Federal Court Jury Awards $52 Million in Steel Industry Antitrust Dispute

A Texas federal court jury awarded $52 million to MM Steel, LP, which alleged that four steel companies colluded to organize an illegal boycott against their new company in 2011. After a six-week trial, the jury in U.S. District Court Judge Kenneth M. Hoyt's court ruled for MM Steel, finding antitrust violations by defendants Nucor Corp., Reliance Steel & Aluminum Co., American Alloy Steel Inc., and JSW Steel (USA) Inc. Under the federal antitrust laws, the damage award will be trebled upon entry of judgment, and MM Steel will be entitled to recover attorneys' fees. Filed in 2012, the lawsuit alleged the defendants agreed to deprive MM Steel, a new firm started by longtime industry veterans Matt Schultz and Mike Hume, of a supply of steel necessary for it to compete effectively as a steel distributor in the Gulf Coast region. The eight-woman, two-man jury began hearing the case on February 18, 2014.

Reliance Steel & Aluminum Co. Announces Verdict in Texas Antitrust Case

Reliance Steel & Aluminum Co. announced that a Houston, Texas jury returned a verdict against the company and its subsidiary, Chapel Steel Corp. along with four other co-defendants in an antitrust lawsuit filed in the United States District Court for the Southern District of Texas. The jury returned a verdict against all six defendants jointly of $52 million in damages, which amount is expected to be trebled under the federal antitrust laws. Reliance and Chapel disagree with the verdict and intend to pursue all available remedies, including taking the matter up on appeal. The ultimate amount of any final judgment that Reliance may be required to bear is unknown at this time.

Reliance Steel & Aluminum Co. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013; Announces Impairment of Intangible Asset for the Fourth Quarter Ended December 31, 2013; Provides Earnings Guidance for the First Quarter Ending March 31, 2014

Reliance Steel & Aluminum Co. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported sales of $2.31 billion, up 22.1% from $1.89 billion in the fourth quarter of 2012 and down 5.6% from $2.44 billion in the third quarter of 2013. Net income attributable to Reliance was $61.8 million, down 23.1% from $80.4 million in the fourth quarter of 2012 and down 35.0% from $95.1 million in the third quarter of 2013. Earnings per diluted share were $0.79, down 25.5% from $1.06 in the fourth quarter of 2012 and down 35.2% from $1.22 in the third quarter of 2013. Non-GAAP earnings per diluted share were $0.92, down 14.8% from $1.08 in the fourth quarter of 2012 and down 24.6% from $1.22 in the third quarter of 2013. Cash flow from operations was $120.3 million. Operating income was $113.3 million against $135.8 million a year ago. Income before income taxes was $93.0 million against $121.3 million a year ago. Net income attributable to Reliance, adjusted was $71.9 million against $81.9 million a year ago. For the year, the company reported sales of $9.22 billion, up 9.3% from $8.44 billion in 2012. Net income attributable to Reliance was $321.6 million, down 20.3% from $403.5 million in 2012. Earnings per diluted share were $4.14, down 22.3% from $5.33 in 2012. Non-GAAP earnings per diluted share were $4.40, down 17.8% from $5.35 in 2012. Cash flow from operations was $633.3 million, up 5.2% from $601.9 million in 2012. Operating income was $551.9 million against $659.2 million a year ago. Income before income taxes was $478.3 million against $609.4 million a year ago. Purchases of property, plant and equipment was $168.0 million against $214.0 million a year ago. Return on Reliance shareholders' equity was 9.0% against 12.8% a year ago. Book value per share was $49.99 against $46.82 a year ago. Net income attributable to Reliance, adjusted was $342.0 million against $405.0 million a year ago. For the first quarter ending March 31, 2014, management currently expects earnings per diluted share to be in the range of $1.20 to $1.30. For the fourth quarter ended December 31, 2013, the company recorded impairment of intangible asset was $14.9 million compared to $2.5 million a year ago.

 

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RS

Industry Average

Valuation RS Industry Range
Price/Earnings 17.0x
Price/Sales 0.6x
Price/Book 1.4x
Price/Cash Flow 10.6x
TEV/Sales 0.4x
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