Toward a Better Tomorrow
R E L I A N C E S T E E L & A L U M I N U M C O . 2 0 1 6 A N N U A L R E P O R T
Reliance Steel & Aluminum Co. 2016 Annual Report
1
2
Stay invested and committed to the
things that matter most and you will weather
any storm along the journey.
1
3
Committed to
the people we
call family
4
Applying stringent acquisition
criteria ensures that our Family of
Companies grows strategically,
sustainably, and profitably. Since
our IPO in 1994, Reliance has
completed 62 acquisitions. Today,
we are one company comprised of
over 70 distinct brands. Both the
individual and combined strengths
of our Family of Companies make
Reliance the industry leader.
Our success is built on safeguarding
our most important assets – our
employees – and, in turn, our
employees’ ability to successfully
execute our corporate strategy.
This was demonstrated in 2016,
when we reduced recordable safety
incidents by over 25% compared to
2015 and simultaneously achieved
record gross profit margins.
5
Over the past six years, Reliance
has strategically invested over $1
billion in capital expenditures –
including $154.9 million in 2016.
Our investments in cutting-edge
plasma and laser technologies
have enabled us to perform
higher levels of value-added
processing with shorter lead
times: wins for us and for our
customers. In 2016, we performed
value-added processing on
approximately 47% of our orders.
Reliance possesses the
technological skills to satisfy
today’s business requirements.
We stand poised to meet the
increase in orders as the various
end markets we service continue
to rebound.
6
Invested in
value-added
technology
7
Focused on
increasing
stockholder value
8
9
Even in challenging times,
Reliance continues to deliver
quality products and services
– and does so profitably –
thanks to the expertise of our
management and solid execution
by our workforce. Our operational
agility helps us navigate volatile
metals pricing, changing market
conditions, and fluctuations at
any point along our supply chain.
The results: a strong corporate
balance sheet and consistent
returns to our stockholders.
We remain focused on our
balanced capital allocation
strategy: growth through
acquisitions and organic
investments, while also providing
meaningful stockholder returns.
This includes quarterly cash
dividends, which Reliance has
paid for 57 consecutive years. In
2016, we increased our dividend
– for the 24th time since our IPO –
5.9% to $0.45 per share.
9
Fellow Stockholders
Operationally, 2016 was a terrific year for Reliance. Our
actions in the United States reduced import levels,
focus on maximizing gross profit margin resulted in
creating an environment in which the domestic mills
our first-ever annual gross profit margin above 30%.
were able to increase metal prices for certain products.
In 2015 we concentrated on right-sizing our overall
However, the overall pricing environment was volatile
inventory position, which resulted in record cash flow
throughout the year, causing our average selling price to
from operations of $1 billion. In both 2015 and 2016, we
decrease 6.8% in 2016 compared to 2015. Our focus on
increased our focus on properly pricing our products and
gross profit margin, however, allowed us to realize a 600
services to reflect the value we provide to our customers.
basis point improvement in our FIFO gross profit margin,
These actions contributed to our higher gross profit
from 25.1% in the fourth quarter of 2014 to a peak of 31.1% in
margin and strong cash flow that allowed us to continue
the second quarter of 2016. Our higher gross profit margin
executing our growth strategy while also providing
in 2016 resulted in $328 million more gross profit dollars
meaningful stockholder returns.
despite a $737 million decline in sales. The increased
gross profit dollars, along with effective expense control
Our growth strategy focuses on increasing our value-
and working capital management, allowed Reliance to
added processing capabilities as well as our offerings of
deliver earnings per share of $4.16, consistent with 2015
specialty products, both of which support higher gross
despite reduced volume and pricing.
profit margins. We have made significant investments
in value-added processing equipment over the past six
Customer demand remained generally healthy in 2016,
years, spending $1 billion on capital expenditures, most
outside of the energy and heavy industry end markets.
of which were growth related. In 2016 we acquired three
Our same-store tons sold declined by only 2.7%,
companies, each of which provides high levels of value-
once again outperforming the 6.2% industry average
added processing or specialty products.
decline reported by the Metals Service Center Institute
(MSCI). While overall demand for metal products was
In 2016, our total sales were $8.6 billion, down 7.9% from
not as strong as we expected when we entered 2016,
our 2015 total sales of $9.4 billion, primarily due to lower
customer sentiment has improved and we anticipate
metal prices, especially for carbon steel products. Trade
improving demand levels as we move through 2017.
James D. Hoffman, Executive Vice President and Chief Operating Officer | Karla R. Lewis, Senior Executive Vice President and Chief Financial Officer
Gregg J. Mollins, President and Chief Executive Officer
10
11
We believe our decentralized operating structure helps
demand also remains solid. 2017 marks the beginning of
us increase our market share by allowing us to focus on
our involvement with the five-year, $350 million Joint Strike
fulfilling small order sizes for the bulk of our customers
Fighter program, further strengthening our already strong
who purchase product in smaller quantities on a much
position in the aerospace and defense markets.
more frequent basis. Our 2016 average order size was
only $1,560, and we delivered approximately 40% of our
We have also performed well servicing the non-residential
orders within 24 hours or less, a competitive advantage
construction market as it continues its gradual recovery,
of which we are very proud. Our investments in value-
and we are encouraged by early signs of recovery in
added processing equipment have also contributed to
the energy market. As the downturn in oil prices and
our increased market share, as we believe we are able
drilling activity began toward the end of 2014, Reliance
to provide a higher quality product to our customers
proactively addressed declines in this market through
than many of our competitors. In 2016, we performed
facility closures and asset write-downs on certain of our
value-added processing services on 47% of our orders,
businesses. We believe we are now well positioned to
compared to our historical rate of 40%. Further, we believe
participate in any recovery.
an efficient inventory position benefits our gross profit
margin by allowing us to focus on higher margin business.
Maintaining a solid overall liquidity position remains a
continual focus for us, providing the flexibility and resources
We also believe our exposure to a broad array of products
to continue growing our business both organically and
and end markets helps mitigate declines in any one
through acquisition opportunities. We will also continue
market. Demand for automotive remains healthy at current
to prioritize returning value to our stockholders through
production rates. We began processing aluminum for the
increased dividend payments and opportunistic share
auto industry in 2015, mainly through our toll-processing
repurchases. In 2016, we continued our balanced capital
operations in the U.S. and Mexico, and since then have
allocation strategy, using our strong cash flow from
expanded our processing volume and capital investments
operations to fund $348.7 million in acquisitions, $154.9
in this area, due to the increased usage of aluminum
million of capital expenditures, and $120.4 million in
in automotive. We expect that our investments in both
dividends. We have paid regular quarterly dividends for 57
facilities and equipment will drive further increases in
consecutive years and have increased the dividend 24 times
aluminum volume processed in 2017 versus our record
since our IPO in 1994, including our most recent increase
levels attained in 2016. In the aerospace market, overall
of 5.9% to $0.45 per share, in the first quarter of 2017.
12
13
The Reliance Family of Companies welcomed three new
practices implemented by our managers in the field
businesses in 2016, bringing our total acquisition count
have enabled Reliance to thrive through all types of
to 62 quality companies since our 1994 IPO. Each of
environments. We are also very pleased with Reliance’s
these companies fits our overall strategy for growth in
safety performance in 2016, in which our companies
specialty and high-margin products and services, and
achieved a year-over-year reduction in our incident
was accretive to our earnings. The acquisition of Tubular
rate of more than 25%. We would like to thank all of our
Steel expands our presence in specialty products and
employees for working hard, and for doing so safely. We
strengthens our foothold in the energy end-market.
would also like to thank our loyal customers, suppliers, and
Although current activity levels are lower than normal,
stockholders for their continued support and commitment
we are confident in the long-term strength of the energy
to Reliance. In the coming year, we anticipate a renewed
market and Tubular Steel’s ability to benefit during
enthusiasm for infrastructure and equipment spending,
the recovery. Best Manufacturing increases our high-
as well as improvement in the energy market. As we look
margin, value-added processing capabilities; and Alaska
“toward a better tomorrow,” we believe Reliance is very
Steel marks our first entry into the Alaskan market,
well positioned to capitalize on these opportunities.
broadening our reach and servicing diverse industries,
including infrastructure and energy.
We are continuously evaluating well-run companies
that fit our strategy for profitable growth and meet our
stringent acquisition criteria. At the same time, we remain
focused on organic investment – primarily in state-of-
the-art, value-added processing equipment – that will
continue to enhance our earnings.
On behalf of Reliance, we would like to express how
extremely proud we are of the strong operational
performance and commitment shown by our more than
14,000 employees. In particular, the strict pricing discipline
Gregg J. Mollins | President and Chief Executive Officer
Karla R. Lewis | Senior Executive Vice President and Chief Financial Officer
and diligent expense and
inventory management
James D. Hoffman | Executive Vice President and Chief Operating Officer
13
Geographic Presence
2016 Sales
S TATE S
Alabama
Florida
Kentucky
Georgia
Louisiana
Alaska
Arizona
Arkansas
California
Colorado
Montana
Nevada
Ohio
Oklahoma
Utah
Virginia
Idaho
Illinois
Maryland
New Hampshire
Oregon
Washington
Massachusetts
New Jersey
Pennsylvania
Wisconsin
Indiana
Michigan
New Mexico
South Carolina
Iowa
Minnesota
New York
Tennessee
Connecticut
Kansas
Missouri
North Carolina
Texas
I NTE R N ATI O N A L
Australia
Mexico
Belgium
Singapore
Canada
South Korea
China
France
India
Malaysia
Turkey
United Arab Emirates
United Kingdom
14
15
2016 Sales
BY R E G I O N
BY CO M M O D IT Y
BY PR O D U C T
Carbon steel plate
Carbon steel structurals
Carbon steel tubing
Carbon steel bar
Heat-treated aluminum plate
Aluminum bar & tube
Stainless steel bar & tube
Stainless steel sheet & coil
Miscellaneous, including brass, copper & titanium
Hot-rolled steel sheet & coil
Galvanized steel sheet & coil
Common alloy aluminum sheet & coil
Alloy bar, rod & tube
Toll processing of aluminum, carbon & stainless steel
Cold-rolled steel sheet & coil
Stainless steel plate
Common alloy aluminum plate
Heat-treated aluminum sheet & coil
Alloy plate, sheet & coil
10%
10%
10%
7%
7%
6%
6%
6%
6%
6%
6%
5%
4%
3%
3%
2%
1%
1%
1%
M I DW E S T 3 2 %
S O U T H E A S T 1 7 %
W E S T/S O U T H W E S T 1 2 %
C A L I F O R N I A 1 0 %
I N T E R N AT I O N A L 9 %
M I D - AT L A N T I C 7 %
N O R T H E A S T 6%
PAC I F I C N O R T H W E S T 4%
C A R B O N S T E E L 52 %
A LU M I N U M 2 0 %
S TA I N L E S S S T E E L 1 4%
OT H E R 6%
A L LOY 5%
M O U N TA I N 3 %
TO L L P R O C E S S I N G 3 %
15
16
17
$10,451.6
$403.5
$1,025.0
$9,223.8
$9,350.5
$8,442.3
$8,613.4
$371.5
$321.6
$311.5
$304.3
$601.9
$633.3
$626.5
$356.0
2012
2013
2014
2015
2016
2012
2013
2014
2015
2016
2012
2013
2014
2015
2016
N E T S A LE S
( I N M I L L I O N S )
N E T I N CO M E
( I N M I L L I O N S )
C A S H F LOW
F R O M O PE R ATI O N S
( I N M I L L I O N S )
13%
$5.33
10%
9%
8%
8%
$4.73
$4.14
$4.16
$4.16
2012
2013
2014
2015
2016
2012
2013
2014
2015
2016
R E TU R N O N E Q U IT Y
E A R N I N G S PE R S H A R E
( D I L U T E D )
17
(1) Gross profit, calculated as net sales less cost
of sales, is a non-GAAP financial measure as it
excludes depreciation and amortization expense
associated with the corresponding sales. The
majority of our orders are basic distribution
with no processing services performed. For the
remainder of our sales orders, we perform “first-
stage” processing, which is generally not labor
intensive as we are simply cutting the metal
to size. Because of this, the amount of related
labor and overhead, including depreciation and
amortization, is not significant and is excluded
from our cost of sales. Therefore, our cost of
sales is substantially comprised of the cost of the
material we sell. We use gross profit as shown
above as a measure of operating performance.
Gross profit is an important operating and financial
measure, as fluctuations in our gross profit can
have a significant impact on our earnings. Gross
profit, as presented, is not necessarily comparable
with similarly titled measures for other companies.
(2) Long-term debt includes the long-term portion
of capital lease obligations.
SELECTED CONSO LIDAT ED FIN A NC IA L DATA
In millions, except share and per share data
Year Ended December 31,
Income Statement Data:
Net sales
2016
2015
2014
2013
2012
$8,613.4
$9,350.5
$10,451.6
$9,223.8
$8,442.3
Cost of sales (exclusive of depreciation and amortization expense)
6,023.1
6,803.6
7,830.6
6,826.2
6,235.4
Gross profit(1)
2,590.3
2,546.9
2,621.0
2,397.6
2,206.9
Warehouse, delivery, selling, general and administrative expense
1,803.3
1,728.5
1,789.8
1,638.4
1,396.2
Depreciation and amortization expense
Impairment of long-lived assets
Operating income
Other income (expense):
Interest expense
Other income (expense), net
Income before income taxes
Provision for income taxes
Net income
Less: Net income attributable to noncontrolling interests
222.0
52.4
218.5
53.3
213.8
–
192.4
14.9
149.0
2.5
512.6
546.6
617.4
551.9
659.2
(84.6)
(84.3)
1.2
429.2
120.1
309.1
4.8
(3.6)
458.7
142.5
316.2
4.7
(81.9)
10.8
546.3
170.0
376.3
4.8
(77.5)
(58.4)
3.9
8.6
478.3
153.6
324.7
3.1
609.4
201.1
408.3
4.8
Net income attributable to Reliance
$304.3
$311.5
$371.5
$321.6
$403.5
Earnings Per Share:
Diluted
Basic
$4.16
$4.21
$4.16
$4.20
$4.73
$4.78
$4.14
$4.19
$5.33
$5.36
Weighted average shares outstanding – diluted
73,120,918
74,902,064
78,615,939
77,646,192
75,694,212
Weighted average shares outstanding – basic
72,362,513
74,096,349
77,682,943
76,844,912
75,216,955
Other Data:
Cash flow provided by operations
$626.5
$1,025.0
$356.0
$633.3
$601.9
Capital expenditures
Cash dividends per share
Balance Sheet Data (December 31):
Working capital
Total assets
Short-term debt
Long-term debt(2)
154.9
1.65
172.2
1.60
190.4
1.40
168.0
1.26
214.0
0.80
$2,032.5
$1,564.5
$2,458.3
$2,165.5
$1,699.2
7,411.3
7,121.6
7,822.4
7,323.6
5,846.7
82.5
500.8
93.9
36.5
83.6
1,847.2
1,428.9
2,209.6
2,055.1
1,113.0
Reliance stockholders' equity
4,148.8
3,914.1
4,099.0
3,874.6
3,558.4
18
19
SEL ECTED CONS OLIDATE D FI NA NC I AL DATA
Amounts in millions, except per share data
Year Ended December 31,
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
Income Statement Data:
Net sales
Operating income(1)
Net income attributable to Reliance
Pretax income(2)
Income taxes
Weighted average shares
outstanding – diluted
Balance Sheet Data:
Current assets
Working capital
Net fixed assets
Total assets(3)
Current liabilities
Short-term debt
Long-term debt(3)
Total Reliance stockholders’ equity
Per Share Data:
Earnings – diluted
Dividends
Book value(4)
Ratio Analysis:
Return on Reliance stockholders’ equity(5)
Current ratio
Net debt-to-total capital ratio(6)
Gross profit margin(7)
Operating income margin(1)
Pretax income margin(2)
Net income margin – Reliance
$8,613.4
$9,350.5
$10,451.6
$9,223.8
$8,442.3
$8,134.7
$6,312.8
$5,318.1
$8,718.8
$7,255.7
$5,742.6
512.6
304.3
429.2
120.1
546.6
311.5
458.7
142.5
617.4
371.5
546.3
170.0
551.9
321.6
478.3
153.6
659.2
403.5
609.4
201.1
572.8
343.8
511.6
162.4
360.7
194.4
296.5
98.6
250.4
148.2
195.5
46.3
853.0
482.8
766.6
282.9
723.5
408.0
654.7
246.4
627.4
354.5
571.4
216.6
73.1
74.9
78.6
77.6
75.7
75.0
74.5
73.7
73.6
76.1
73.6
$2,688.5
$2,554.2
$2,738.9
$2,277.4
$2,274.7
$1,700.9
$1,390.9
$2,302.4
$1,721.4
$1,675.4
2,032.5
1,662.2
7,411.3
656.0
82.5
1,846.7
4,148.8
$4.16
$1.65
$57.07
7.8%
4.1
30.3%
30.1%
6.0%
5.0%
3.5%
1,564.5
1,635.5
7,121.6
989.7
500.8
1,428.9
3,914.1
$3,121.1
2,458.3
1,656.4
7,822.4
662.8
93.9
2,209.6
4,099.0
2,165.5
1,603.9
7,323.6
573.4
36.5
2,055.1
3,874.6
$4.16
$1.60
$4.73
$1.40
$4.14
$1.26
$54.59
$53.03
$49.99
8.0%
2.6
31.8%
27.2%
5.8%
4.9%
3.3%
20
9.6%
4.7
34.9%
25.1%
5.9%
5.2%
3.6%
9.0%
4.8
34.1%
26.0%
6.0%
5.2%
3.5%
1,699.2
1,240.7
5,846.7
578.2
83.6
1,113.0
3,558.4
$5.33
$0.80
$46.82
12.8%
3.9
23.6%
26.1%
7.8%
7.2%
4.8%
1,698.3
1,105.5
5,592.3
576.4
12.2
1,306.9
3,143.9
$4.58
$0.48
$41.92
12.2%
3.9
28.2%
24.4%
7.0%
6.3%
4.2%
2,823.7
2,606.4
1,192.3
1,025.3
4,659.1
508.6
86.2
848.0
$2.61
$0.40
$37.83
7.5%
3.3
23.3%
25.1%
5.7%
4.7%
3.1%
973.3
981.3
4,293.5
417.6
86.4
839.3
$2.01
$0.40
$35.34
6.1%
3.3
25.3%
26.3%
4.7%
3.7%
2.8%
1,652.2
998.7
5,184.8
650.2
93.9
1,664.9
2,431.4
$6.56
$0.40
$33.17
22.9%
3.5
41.3%
24.8%
9.8%
8.8%
5.5%
3,974.2
3,604.4
1,121.5
824.6
599.9
71.8
1,004.0
2,106.2
$5.36
$0.32
$28.12
23.4%
2.9
32.2%
25.3%
10.0%
9.0%
5.6%
1,124.7
742.7
550.7
22.3
1,078.3
1,746.4
$4.82
$0.22
$23.07
27.3%
3.0
37.4%
26.3%
10.9%
10.0%
6.2%
21
SELECTED CONSOL IDATED FI NAN C I AL DATA
Amounts in millions, except per share data
Year Ended December 31,
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
(1) Operating income represents net sales less cost of sales, warehouse, delivery, selling,
Income Statement Data:
Net sales
Operating income(1)
Net income attributable to Reliance
Pretax income(2)
Income taxes
Weighted average shares
outstanding – diluted
Balance Sheet Data:
Current assets
Working capital
Net fixed assets
Total assets(3)
Current liabilities
Short-term debt
Long-term debt(3)
Per Share Data:
Earnings – diluted
Dividends
Book value(4)
Ratio Analysis:
Total Reliance stockholders’ equity
Return on Reliance stockholders’ equity(5)
Current ratio
Net debt-to-total capital ratio(6)
Gross profit margin(7)
Operating income margin(1)
Pretax income margin(2)
Net income margin – Reliance
617.4
371.5
546.3
170.0
$3,121.1
2,458.3
1,656.4
7,822.4
662.8
93.9
2,209.6
4,099.0
9.6%
4.7
34.9%
25.1%
5.9%
5.2%
3.6%
2,032.5
1,662.2
7,411.3
656.0
82.5
1,846.7
4,148.8
$4.16
$1.65
$57.07
7.8%
4.1
30.3%
30.1%
6.0%
5.0%
3.5%
1,564.5
1,635.5
7,121.6
989.7
500.8
1,428.9
3,914.1
8.0%
2.6
31.8%
27.2%
5.8%
4.9%
3.3%
$4.16
$1.60
$4.73
$1.40
$4.14
$1.26
$54.59
$53.03
$49.99
2,165.5
1,603.9
7,323.6
573.4
36.5
2,055.1
3,874.6
9.0%
4.8
34.1%
26.0%
6.0%
5.2%
3.5%
1,699.2
1,240.7
5,846.7
578.2
83.6
1,113.0
3,558.4
$5.33
$0.80
$46.82
12.8%
3.9
23.6%
26.1%
7.8%
7.2%
4.8%
1,698.3
1,105.5
5,592.3
576.4
12.2
1,306.9
3,143.9
$4.58
$0.48
$41.92
12.2%
3.9
28.2%
24.4%
7.0%
6.3%
4.2%
$8,613.4
$9,350.5
$10,451.6
$9,223.8
$8,442.3
$8,134.7
$6,312.8
$5,318.1
$8,718.8
$7,255.7
$5,742.6
512.6
304.3
429.2
120.1
546.6
311.5
458.7
142.5
551.9
321.6
478.3
153.6
659.2
403.5
609.4
201.1
572.8
343.8
511.6
162.4
360.7
194.4
296.5
98.6
250.4
148.2
195.5
46.3
853.0
482.8
766.6
282.9
723.5
408.0
654.7
246.4
627.4
354.5
571.4
216.6
73.1
74.9
78.6
77.6
75.7
75.0
74.5
73.7
73.6
76.1
73.6
$2,688.5
$2,554.2
$2,738.9
$2,277.4
$2,274.7
$1,700.9
$1,390.9
$2,302.4
$1,721.4
$1,675.4
general and administrative expense, and depreciation and amortization expense.
Certain reclassifications were made to 2007 and prior years to include amortization
expense in the calculation of Operating income. In 2016, 2015, 2014, 2013 and 2012, the
calculation of Operating income includes various non-recurring charges and credits,
including impairment charges in 2016, 2015, 2013 and 2012.
(2) The adoption of accounting rule changes in 2009 affected the presentation of
noncontrolling interests. Prior year pretax income and margin amounts have
been retrospectively adjusted to conform to the current presentation.
(3) Long-term debt includes the long-term portion of capital lease obligations. The
adoption of accounting rule changes in 2015 affected the presentation of debt
issuance costs. Prior year Total assets and Long-term debt amounts have been
retrospectively adjusted to conform to the current presentation.
(4) Book value per share is calculated as Reliance stockholders’ equity divided by number
of common shares outstanding as of December 31 of each year.
(5) Return on Reliance stockholders’ equity is based on the beginning of year
equity amount, except for 2015, which is adjusted for $355.5 million of share
1,121.5
824.6
1,124.7
742.7
3,974.2
3,604.4
repurchases, and 2006 which is adjusted for a 2006 acquisition using $360.5
million of common stock as consideration.
(6) Net debt-to-total capital ratio is calculated as total debt (net of cash) divided
by Reliance stockholders’ equity plus total debt (net of cash). The adoption of
accounting rule changes in 2015 affected the calculation of net-debt-to-total
capital ratio.
(7) Gross profit, calculated as net sales less cost of sales, and gross profit margin,
calculated as gross profit divided by net sales, are non-GAAP financial measures
as they exclude depreciation and amortization expense associated with the
corresponding sales. The majority of our orders are basic distribution with no
processing services performed. For the remainder of our sales orders, we perform
“first-stage” processing which is generally not labor intensive as we are simply
cutting the metal to size. Because of this, the amount of related labor and overhead,
including depreciation and amortization, is not significant and is excluded from our
cost of sales. Therefore, our cost of sales is substantially comprised of the cost
of the material we sell. We use gross profit margin as shown as a measure of
operating performance. Gross profit margin is an important operating and financial
measure, as fluctuations in our gross profit margin can have a significant impact on
our earnings. Gross profit margin, as presented, is not necessarily comparable with
similarly titled measures for other companies.
599.9
71.8
1,004.0
2,106.2
$5.36
$0.32
$28.12
23.4%
2.9
32.2%
25.3%
10.0%
9.0%
5.6%
550.7
22.3
1,078.3
1,746.4
$4.82
$0.22
$23.07
27.3%
3.0
37.4%
26.3%
10.9%
10.0%
6.2%
21
1,192.3
1,025.3
4,659.1
508.6
86.2
848.0
973.3
981.3
4,293.5
417.6
86.4
839.3
2,823.7
2,606.4
$2.61
$0.40
$37.83
7.5%
3.3
23.3%
25.1%
5.7%
4.7%
3.1%
$2.01
$0.40
$35.34
6.1%
3.3
25.3%
26.3%
4.7%
3.7%
2.8%
1,652.2
998.7
5,184.8
650.2
93.9
1,664.9
2,431.4
$6.56
$0.40
$33.17
22.9%
3.5
41.3%
24.8%
9.8%
8.8%
5.5%
Reliance Locations
R E LI A N C E D I V I S I O N S
Bralco Metals
Los Angeles, CA
Headquarters
714-736-4800
Albuquerque, NM
505-345-0959
Dallas, TX
972-276-2676
Phoenix, AZ
602-252-1918
Seattle, WA
253-395-0614
Wichita, KS
316-838-9351
Aerotech Alloys
A Bralco Metals Company
Temecula, CA
951-694-1917
Affiliated Metals
A Bralco Metals Company
Salt Lake City, UT
801-363-1711
Olympic Metals
A Bralco Metals Company
Denver, CO
303-286-9700
Central Plains Steel Co.
Wichita, KS
316-636-4500
MetalCenter
Los Angeles, CA
562-944-3322
Reliance Aerospace Solutions
Cypress, CA
714-503-3206
Reliance Metalcenter
Colorado Springs, CO
719-390-4911
Dallas, TX
817-640-7222
Oakland, CA
510-476-4400
Phoenix, AZ
602-275-4471
Salt Lake City, UT
801-974-5300
San Antonio, TX
210-661-2301
San Diego, CA
619-263-2141
Reliance Steel Company
Albuquerque, NM
505-247-1441
Los Angeles, CA
323-583-6111
Tube Service Co.
Los Angeles, CA
Headquarters
562-695-0467
Denver, CO
303-321-9200
Phoenix, AZ
602-267-9865
Portland, OR
503-944-5420
San Diego, CA
619-579-3011
San Jose, CA
408-946-5500
S U B S I D I A R I E S
All Metal Services Limited
A Subsidiary of Reliance Metals UK
Holding Limited—Holding Company
London, United Kingdom
Headquarters
44 189 544 4066
Bangalore, India
91 802 837 9124
Belfast, United Kingdom
44 289 073 9648
Birmingham, United Kingdom
44 167 543 0307
Bolton, United Kingdom
44 194 284 0777
Bristol, United Kingdom
44 117 982 2484
Losse, France
33 558 936 800
All Metal Services Ltd. (Xi’an)
A Subsidiary of All Metal Services Limited
Xi’an, People’s Republic of China
86 29 86125300
All Metal Services (Malaysia) Sdn. Bhd.
A Subsidiary of All Metal Services Limited
Selangor Darul Ehsan, Malaysia
60 378 035 643
Allegheny Steel Distributors, Inc.
Pittsburgh, PA
412-767-5000
American Metals Corporation
Portland, OR
Corporate Office
503-651-6700
Fresno, CA
559-266-0881
Sacramento, CA
916-371-7700
American Steel
A Division of American Metals
Corporation
Portland, OR
503-651-6700
22
23
Reliance Locations
Seattle, WA
253-437-4080
Haskins Steel Co., Inc.
A Division of American Metals
Corporation
Spokane, WA
509-535-0657
Lampros Steel
A Division of American Metals
Corporation
Portland, OR
503-285-6667
Alaska Steel
A Subsidiary of American Metals
Corporation
Anchorage, AK
907-561-1188
Fairbanks, AK
907-456-2719
Kenai, AK
907-283-3880
AMI Metals, Inc.
Nashville, TN
Corporate Office
615-377-0400
Fort Worth, TX
817-831-9586
Los Angeles, CA
909-429-1336
Seattle, WA
Sales Office
253-735-0181
Spokane, WA
509-570-5880
St. Louis, MO
636-946-9492
Swedesboro, NJ
856-241-9180
Wichita, KS
316-945-7771
AMI Metals Aero Services Ankara
Havacılık Anonim Şirketi
A Subsidiary of AMI Metals, Inc.
Ankara, Turkey
90 312 810 0000
AMI Metals Europe SPRL
A Subsidiary of AMI Metals, Inc.
Gosselies, Belgium
32 71 37 67 99
AMI Metals France
A Subsidiary of AMI Metals, Inc.
Figeac, France
33 565 503 460
AMI Metals UK Limited
A Subsidiary of Reliance Metals UK
Holding Limited—Holding Company
Milton Keynes, United Kingdom
44 845 853 6149
Ellesmere Port, United Kingdom
44 151 355 6035
Best Manufacturing, Inc.
Jonesboro, AR
870-931-9533
Bralco Metals (Australia) Pty Ltd
Melbourne, Australia
61 3 9310 5566
CCC Steel, Inc.
Los Angeles, CA
310-637-0111
IMS Steel Co.
A Division of CCC Steel, Inc.
Salt Lake City, UT
801-973-1000
Chapel Steel Corp.
Philadelphia, PA
Corporate Office
215-793-0899
Birmingham, AL
205-781-0317
Chicago, IL
815-937-1970
Chicago, IL
Sales Office
708-429-2244
Cleveland, OH
216-446-6840
Hamilton, Ontario, Canada
289-780-0570
Houston, TX
713-462-4449
Philadelphia, PA
610-705-0477
Portland, OR
503-228-3355
Chapel Steel Canada, Ltd.
A Subsidiary of Reliance Metals Canada
Holding Limited—Holding Company
Hamilton, Ontario, Canada
289-780-0570
23
Chatham Steel Corporation
Savannah, GA
Headquarters
912-233-4182
Birmingham, AL
205-791-2261
Columbia, SC
803-799-8888
Durham, NC
919-682-3388
Orlando, FL
407-859-0310
Clayton Metals, Inc.
Chicago, IL
Headquarters
630-860-7000
Los Angeles, CA
562-921-7070
Newark, NJ
973-588-1100
Continental Alloys & Services Inc.
Houston, TX
Headquarters
281-376-9600
Lafayette, LA
337-837-9311
Continental Alloys & Services, Inc.
A Subsidiary of Reliance Metals Canada
Holding Limited—Holding Company
Calgary, Alberta, Canada
403-216-5150
Continental Alloys & Services (Malaysia)
Sdn. Bhd.
A Subsidiary of Continental Alloys &
Services, Pte. Ltd.
Senai, Johor, Malaysia
6 07 599 9975
Continental Alloys & Services Ltd.
A Subsidiary of Reliance Metals UK
Holding Limited—Holding Company
Brechin, Scotland
44 1356 625 515
Peterhead, Scotland
44 1779 480 420
Continental Alloys & Services Pte. Ltd.
A Subsidiary of Reliance Asia Holding Pte.
Ltd.—Holding Company
Jurong, Singapore
65 6690 0178
Continental Alloys Middle East FZE
A Subsidiary of Reliance Steel &
Aluminum Co.
Dubai, United Arab Emirates
971 4 8809770
Crest Steel Corporation
Riverside, CA
951-727-2600
Delta Steel, Inc.
Houston, TX
Headquarters
713-635-1200
Cedar Hill, TX
817-701-5213
Chicago, IL
708-757-7198
Fort Worth, TX
817-293-5015
San Antonio, TX
210-661-4641
Smith Pipe & Steel Co.
A Subsidiary of Delta Steel, Inc.
Phoenix, AZ
602-257-9494
Diamond Manufacturing Company
Wyoming, PA
Headquarters
800-233-9601
Cedar Hill, TX
972-291-8800
Michigan City, IN
219-874-2374
Perforated Metals Plus
A Division of Diamond Manufacturing
Company
Charlotte, NC
704-598-0443
McKey Perforating
A Division of Diamond Manufacturing
Company
New Berlin, WI
800-345-7373
Manchester, TN
931-723-3636
Durrett Sheppard Steel Co., Inc.
Baltimore, MD
410-633-6800
Earle M. Jorgensen Company
Los Angeles, CA
Headquarters
323-567-1122
Atlanta, GA
678-894-7241
Birmingham, AL
205-814-0043
Boston, MA
508-435-6854
Charlotte, NC
704-588-3001
Chicago, IL
847-301-6100
Cincinnati, OH
513-771-3223
Cleveland, OH
330-425-1500
Cleveland, OH (Plate)
330-963-8150
Dallas, TX
214-741-1761
Denver, CO
303-287-0381
Detroit, MI
734-402-8110
Hartford, CT
860-435-6854
Houston, TX
713-672-1621
Indianapolis, IN
317-838-8899
Kansas City, MO
816-483-4140
Lafayette, LA
713-672-1621
Memphis, TN
901-317-4300
Minneapolis, MN
763-784-5000
Oakland, CA
510-487-2700
Orlando, FL
704-421-7227
Philadelphia, PA
215-949-2850
Phoenix, AZ
602-272-0461
Portland, OR
503-283-2251
Quad Cities, IA
563-285-5340
Richmond, VA
804-732-7491
Rochester, NY
585-425-1500
Salt Lake City, UT
801-532-2543
St. Louis, MO
314-291-6080
Tulsa, OK
618-835-1511
Encore Metals USA
A Division of Earle M. Jorgensen
Company
Portland, OR
503-620-8810
Salt Lake City, UT
801-383-3808
24
25
Steel Bar
A Division of Earle M. Jorgensen
Company
Charlotte, NC
336-294-0053
Reliance Metals Canada Limited
A Subsidiary of Earle M. Jorgensen
Company
Edmonton, Alberta, Canada
Corporate Office
780-801-4114
Earle M. Jorgensen (Canada)
A Division of Reliance Metals Canada
Limited
Edmonton, Alberta, Canada
Headquarters
780-801-4015
Montreal, Quebec, Canada
450-661-5181
North Bay, Ontario, Canada
705-474-0866
Quebec City, Quebec, Canada
418-870-1422
Toronto, Ontario, Canada
905-564-0866
Encore Metals
A Division of Reliance Metals Canada
Limited
Vancouver, British Columbia, Canada
Headquarters
604-940-0439
Calgary, Alberta, Canada
403-236-1418
Edmonton, Alberta, Canada
780-436-6660
Prince George, British Columbia, Canada
250-563-3343
Winnipeg, Manitoba, Canada
204-663-1450
Portage, IN
219-787-9698
GH Metal Solutions, Inc.
A Subsidiary of Feralloy Corporation
Fort Payne, AL
256-845-5411
Acero Prime S. de R.L.de C.V
A Joint Venture of Feralloy Corporation
60% Owned
San Luis Potosi, Mexico
Headquarters
52 444 870 7700
Monterrey, Mexico
52 818 000 5300
Ramos Arizpe, Mexico
52 844 450 6400
Toluca, Mexico
52 722 262 5500
Feralloy Processing Company
A Joint Venture of Feralloy Corporation
51% Owned
Portage, IN
219-787-8773
Indiana Pickling & Processing Company
A Joint Venture of Feralloy Corporation
56% Owned
Portage, IN
219-787-8889
Oregon Feralloy Partners
A Joint Venture of Feralloy Corporation
40% Owned
Portland, OR
503-286-8869
Fox Metals and Alloys, Inc.
Houston, TX
281-890-6666
Team Tube
A Division of Reliance Metals Canada
Limited
Vancouver, British Columbia, Canada
Headquarters
604-468-4747
Calgary, Alberta, Canada
403-279-8131
Edmonton, Alberta, Canada
780-462-7222
Montreal, Quebec, Canada
450-978-8877
Toronto, Ontario, Canada
905-878-1156
Earle M. Jorgensen (Asia) Sdn. Bhd.
A Subsidiary of Reliance Asia Holding Pte.
Ltd.—Holding Company
Nusajaya, Malaysia
60 7 531 9155
Everest Metals (Suzhou) Co., Ltd.
A Subsidiary of Reliance Asia Holding Pte.
Ltd.—Holding Company
Suzhou, People’s Republic of China
86 512 6760 7075
Feralloy Corporation
Chicago, IL
Corporate Office
773-380-1500
Charleston, SC
843-336-4107
Decatur, AL
256-301-0500
25
Infra-Metals Co.
Philadelphia, PA
Corporate Office
215-741-1000
Baltimore, MD
410-355-1664
Hallandale, FL
Sales Office
954-454-1564
Marseilles, IL
815-795-5002
New Boston, OH
740-353-1350
Petersburg, VA
804-957-5900
Tampa, FL
813-626-6005
Wallingford, CT
203-294-2980
Athens Steel
A Division of Infra-Metals Co.
Atlanta, GA
706-552-3850
IMS Steel
A Division of Infra-Metals Co.
Atlanta, GA
404-577-5005
Liebovich Bros., Inc.
Rockford, IL
Corporate Office
815-987-3200
Custom Fab Company
A Division of Liebovich Bros., Inc.
Rockford, IL
815-987-3210
Good Metals Company
A Division of Liebovich Bros., Inc.
Grand Rapids, MI
616-241-4425
Hagerty Steel & Aluminum Company
A Division of Liebovich Bros., Inc.
Peoria, IL
309-699-7251
Bridgeton, MO
309-699-7251
Liebovich Steel & Aluminum Company
A Division of Liebovich Bros., Inc.
Rockford, IL
Headquarters
815-987-3200
Madison, IL
618-452-6000
Randleman, NC
336-498-8900
Springfield, OH
937-882-6354
Wooster, OH
330-264-8416
Metals USA Plates and Shapes,
Northeast, L.P.
A Subsidiary of Metals USA, Inc.
Ambridge, PA
724-266-7708
Cedar Rapids, IA
319-366-8431
Green Bay, WI
920-759-3500
Rockford, IL
815-964-9471
Rockford, IL
815-874-8536
Metals USA, Inc.
Ft. Lauderdale, FL
Corporate Office
954-202-4000
Gregor Technologies, LLC
A Subsidiary of Metals USA, Inc.
Torrington, CT
860-482-2569
Metals USA Carbon Flat Rolled, Inc.
A Subsidiary of Metals USA, Inc.
Jeffersonville, IN
812-288-8906
Fairless Hills, PA
215-337-7000
Langhorne, PA
267-580-2100
Newark, NJ
973-242-1000
Philadelphia, PA
215-673-9300
Seekonk, MA
508-399-8500
York, PA
717-757-3549
Metals USA Plates and Shapes
Southcentral, Inc.
A Subsidiary of Metals USA, Inc.
Cedar Hill, TX
972-299-6497
Enid, OK
580-233-0411
Muskogee, OK
918-487-6800
Tulsa, OK
918-583-2222
Metals USA Plates and Shapes
Southeast, Inc.
A Subsidiary of Metals USA, Inc.
Greensboro, NC
336-674-7991
Ohio River Metal Services, Inc.
A Subsidiary of Metals USA, Inc.
Jeffersonville, IN
812-282-4770
The Richardson Trident Company, LLC
A Subsidiary of Metals USA, Inc.
Odessa, TX
432-561-5446
Jacksonville, FL
904-766-0003
Mobile, AL
251-456-4531
Oakwood, GA
770-536-1214
Waggaman, LA
504-431-7010
Metals USA Specialty Metals
Northcentral, Inc.
A Subsidiary of Metals USA, Inc.
Germantown, WI
262-255-4444
Horicon, WI
920-485-9750
Liberty, MO
816-415-0004
Northbrook, IL
847-291-2400
Walker, MI
616-453-9845
Lynch Metals
A Division of Metals USA Specialty
Metals Northcentral, Inc.
Union, NJ
Headquarters
908-686-8401
Anaheim, CA
714-238-7240
26
Richardson, TX
972-231-5176
Tulsa, OK
918-252-5781
Metalweb Limited
Birmingham, United Kingdom
Headquarters
44 121 328 7700
Kilkeel, United Kingdom
44 284 176 3050
London, United Kingdom
44 199 245 0300
Manchester, United Kingdom
44 161 483 9662
Oxford, Kingdom
44 186 588 4499
National Specialty Alloys, Inc.
Houston, TX
Headquarters
281-345-2115
Anaheim, CA
714-870-7800
Buford, GA
770-945-9255
27
Aleaciones Especiales de Mexico S de
R.L. de C.V.
A Subsidiary of National
Specialty Alloys, Inc.
Cuautitlan, Mexico
52 55 2225 0835
Northern Illinois Steel Supply Co.
Channahon, IL
815-467-9000
Pacific Metal Company
Portland, OR
Headquarters
503-454-1051
Billings, MT
406-245-2210
Boise, ID
208-323-8045
Eugene, OR
541-485-1876
Seattle, WA
253-796-2840
Spokane, WA
509-535-0326
PDM Steel Service Centers, Inc.
Elk Grove, CA
Corporate Office
916-513-4548
Boise, ID
208-343-6298
Denver, CO
303-297-1456
Fresno, CA
559-442-1410
Grand Junction, CO
Sales Office
970-858-3441
Las Vegas, NV
702-413-0067
Provo, UT
801-798-8676
Reno, NV
775-358-1441
Santa Clara, CA
408-988-3000
Stockton, CA
209-943-0513
Vancouver, WA
360-225-1133
PDM (Feralloy)
A Division of PDM Steel
Service Centers, Inc.
Stockton, CA
209-234-0548
Phoenix Corporation
Doing Business as Phoenix
Metals Company
Atlanta, GA
Headquarters
770-447-4211
Baton Rouge, LA
225-272-3228
Birmingham, AL
205-841-7477
Charlotte, NC
704-588-7075
Cincinnati, OH
513-727-4763
Dayton, OH
937-667-6255
Indianapolis, IN
765-778-4452
Kenton, OH
419-674-4186
Middletown, OH
513-423-4166
Portage, IN
219-850-5080
Talladega, AL
256-315-2345
Toledo, OH
419-661-1100
Vonore, TN
423-271-3690
Woodhaven, MI
734-301-4001
Reliance Metalcenter Asia Pacific Pte. Ltd.
A Subsidiary of Reliance Asia Holding Pte.
Ltd.— Holding Company
Jurong, Singapore
65 6265 1211
Service Steel Aerospace Corp.
Seattle, WA
Headquarters
253-627-2910
Canton, OH
330-833-5800
Wichita, KS
316-838-7737
Gary, IN
219-886-2777
Kansas City, KS
913-321-5200
Nashville, TN
931-486-1456
Philadelphia, PA
215-295-9512
Richmond, VA
804-222-5052
Russellville, AR
479-452-3802
St. Louis, MO
636-379-4050
Tampa, FL
813-626-8999
Aluminum & Stainless, Inc.
A Division of Phoenix Coporation
Lafayette, LA
Headquarters
337-837-4381
New Orleans, LA
504-586-9191
Precision Flamecutting and Steel, Inc.
Houston, TX
281-477-1600
Precision Strip, Inc.
Minster, OH
Headquarters
419-628-2343
Bowling Green, KY
270-542-6100
27
Dynamic Metals International
A Division of Service Steel
Aerospace Corp.
Bristol, CT
860-688-8393
United Alloys Aircraft Metals
A Division of Service Steel
Aerospace Corp.
Los Angeles, CA
323-588-2688
Siskin Steel & Supply Company, Inc.
Chattanooga, TN
Headquarters
423-756-3671
Louisville, KY
502-716-5140
Nashville, TN
615-242-4444
Spartanburg, SC
864-599-9988
East Tennessee Steel Supply
A Division of Siskin Steel & Supply
Company, Inc.
Morristown, TN
423-587-3500
Sugar Steel Corporation
Chicago, IL
Headquarters
708-757-9500
Evansville, IN
812-428-5490
Sunbelt Steel Texas, Inc.
Houston, TX
Headquarters
713-937-4300
Lafayette, LA
337-330-4140
Toma Metals, Inc.
Johnstown, PA
814-536-3596
Tubular Steel, Inc.
St. Louis, MO
Headquarters
314-851-9200
Katy, TX
281-371-5200
Hazelwood, MO
314-524-6600
Rialto, CA
909-429-6900
Savannah, GA
912-748-2405
Staunton, IL
618-635-3695
Westmont, IL
Sales Office
630-515-5500
Metalcraft Enterprises, Inc.
A Subsidiary of Tubular Steel, Inc.
New Haven, MO
800-325-0890
Valex Corp.
Ventura, CA
805-658-0944
Valex China Co., Ltd.
A Subsidiary of Valex Holdings Limited—
Holding Company
Shanghai, People’s Republic of China
86 21 5818 3189
Valex Korea Co., Ltd.
A 95% Owned Subsidiary of Valex Corp.
Seoul, Republic of Korea
82 31 683 0119
Viking Materials, Inc.
Minneapolis, MN
Headquarters
612-617-5800
Chicago, IL
847-451-7171
Yarde Metals, Inc.
Hartford, CT
Headquarters
860-406-6061
Cleveland, OH
330-342-7020
Greensboro, NC
336-500-0535
Long Island, NY
631-232-1600
Morristown, NJ
973-463-1166
Nashua, NH
603-635-1266
Philadelphia, PA
610-495-7545
28
Corporate Directory
D I R E C TO R S
Mark V. Kaminski (1), (2), (3), (4), (5)
Executive Chairman of the Board and
Director
Graniterock
Robert A. McEvoy (1), (3), (4)
Investment Advisor
Brasil Warrant LLC and
Former Managing Director
Goldman Sachs
Sarah J. Anderson (1), (2), (4)
Former Partner
Ernst & Young LLP
Karen W. Colonias (1), (2), (3)
President and Chief Executive Officer
Simpson Manufacturing Co., Inc.
John G. Figueroa (1), (3), (4)
Chief Executive Officer
Genoa Healthcare
Thomas W. Gimbel (1), (4)
Former Trustee
The Florence Neilan Trust
David H. Hannah
Former Chief Executive Officer and
Executive Chairman of the Board
Reliance Steel & Aluminum Co.
Douglas M. Hayes (1), (2), (3), (4)
President
Hayes Capital Corporation
Gregg J. Mollins
President and Chief Executive Officer
Reliance Steel & Aluminum Co.
Andrew G. Sharkey (1), (2), (3), (4)
Former President and Chief Executive Officer
American Iron and Steel Institute
Douglas W. Stotlar (1), (2), (3)
Director
Detroit Branch of the Federal Reserve
Bank of Chicago and
Former President and Chief Executive Officer
Con-way Inc.
O F F I C E R S
Gregg J. Mollins
President and Chief Executive Officer
Karla R. Lewis
Senior Executive Vice President and
Chief Financial Officer
James D. Hoffman
Executive Vice President and
Chief Operating Officer
William K. Sales, Jr.
Executive Vice President, Operations
Stephen P. Koch
Senior Vice President, Operations
Michael P. Shanley
Senior Vice President, Operations
William A. Smith II
Senior Vice President, General Counsel and
Corporate Secretary
Arthur Ajemyan
Vice President and Corporate Controller
Susan Borchers
Chief Information Officer
Brenda S. Miyamoto
Vice President, Corporate Initiatives
Donna M. Newton
Vice President, Benefits
Donald J. Prebola
Vice President, Health, Safety & Human Resources
John A. Shatkus
Vice President, Internal Audit
Silva Yeghyayan
Vice President, Tax
(1) Independent Director | (2) Member of the Audit Committee | (3) Member of the Compensation Committee | (4) Member of the Nominating and Governance Committee | (5) Independent Chairman of the Board
30
Corporate Information
TRANSFER AGENT & REGISTRAR
FORM 10-K
MARKET PRICE OF COMMON STOCK
American Stock Transfer &
A copy of the Annual Report on Form
The high and low closing sales prices for
Trust Company
6201 15th Avenue
Brooklyn, NY 11219
800-937-5449
718-921-8124
www.amstock.com
10-K, filed with the Securities and Exchange
the Company’s common stock in 2016 were
Commission, is available at www.sec.gov or
$87.58 and $50.08. The following table sets
investor.rsac.com or upon request to:
forth the high and low intraday reported sale
Karla R. Lewis
Senior Executive Vice President and
prices of the Company’s common stock for
the stated calendar quarters:
Chief Financial Officer
2016 HIGH
LOW
INDEPENDENT AUDITORS
Reliance Steel & Aluminum Co.
KPMG LLP
Los Angeles, CA
RELIANCE STEEL & ALUMINUM CO.
350 South Grand Avenue
Suite 5100
Los Angeles, CA 90071
1Q
2Q
3Q
4Q
$71.34
$50.08
$78.38
$67.57
$84.25
$67.66
$87.58
$65.10
CORPORATE HEADQUARTERS
INVESTOR RELATIONS CONTACT
STOCKHOLDERS OF RECORD
350 South Grand Avenue
Suite 5100
Los Angeles, CA 90071
213-687-7700
www.rsac.com
ANNUAL MEETING
10:00 a.m.
Wednesday, May 17, 2017
The Omni Hotel
251 South Olive Street
Los Angeles, CA 90071
All stockholders are invited to attend.
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Y
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:
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Brenda S. Miyamoto
213-576-2428
investor@rsac.com
SECURITIES LISTING
AND DIVIDEND POLICY
As of January 31, 2017, there were
approximately 205 record holders of our
common stock. We have paid quarterly cash
dividends on our common stock for 57 years.
Reliance Steel & Aluminum Co.’s common
In February 2017, our Board of Directors
stock is traded on the New York Stock
increased the regular quarterly cash dividend
Exchange under the symbol “RS.”
amount 5.9% to $0.45 per share. Our Board of
Directors has increased the quarterly dividend
rate on a periodic basis with the most recent
being our 24th increase since our IPO in 1994.
350 SOUTH GRAND AVENUE, SUITE 5100 | LOS ANGELES, CA 90071 | 213-687-7700 | WWW.RSAC.COM