STRENGTHENING
OUR CORE
RELIANCE STEEL
& ALUMINUM CO.
2017 ANNUAL REPORT
4 RELIANCE STEEL & ALUMINUM CO.
2017 ANNUAL REPORT 1
THE CORE OF OUR BUSINESS
Caring for our people and their safety, never becoming complacent.
Increasing the value and service we provide to our customers while
maximizing returns. Generating strong cash flows by improving our
operational efficiences and working capital management. Plannning for
the future with strategic investments in capital expenditures and seeking
the right acquisition opportunities. Delivering exceptional results to our
stockholders, customers, suppliers, employees, and communities.
In 2017, we took the proper steps to strengthen our core.
2 RELIANCE STEEL & ALUMINUM CO.
Reliance intentionally operates as a decentralized business of over 75
metal service center brands across 40 states and in 13 countries. Yet
our managers in the field share a common goal: Reliance’s success.
This is demonstrated through their excellent performance managing
through pricing volatility, improving the quality and breadth of value-
added services to customers, controlling expenses, and managing
working capital. In 2017, this diligence contributed to the highest
gross profit dollars in Reliance’s 78-year history and our second-
highest net sales. We achieved a gross profit margin of 28.7% – near
the high-end of our target range of 27% to 29% – and accomplished
an inventory turn rate of 4.5 times, contributing to $399 million in
cash flow from operations.
THE
HIGHEST
STANDARDS
ACHIEVING RESULTS: GROSS PROFIT: $2.79 B | NET SALES: $9.72 B | NET INCOME: $613.4 M*
*Includes a $207.3 million, or $2.82 per share, income tax benefit as a result of the Tax Cuts and Jobs Act of 2017.
2017 ANNUAL REPORT 3
4 RELIANCE STEEL & ALUMINUM CO.
Reliance prioritizes maintaining a strong balance sheet so that as
we grow our business, we increase our capacity to give back and
provide meaningful stockholder returns. Over $1 billion has been
paid to stockholders through dividends and share repurchases
during the past five years. In 2017, we achieved our second-
highest annual diluted earnings per share of $5.52.* Confidence
in Reliance’s outlook led us to repurchase $25 million of our
company stock in the fourth quarter of 2017. And believing in our
ability to execute profitably and grow our business has resulted in
substantial dividend increases over the last several years. In 2017,
we paid out $132 million in cash dividends; in the first quarter of
2018 we increased our regular quarterly dividend 11.1% to $0.50
per share, or an annual dividend of $2.00 per share.
ONE
BILLION
RETURNED
*See footnote on page 29.
BEST IN CLASS: A 2018 FORTUNE WORLD’S MOST ADMIRED COMPANY | #320 ON FORTUNE 500 LIST
2017 ANNUAL REPORT 5
6 RELIANCE STEEL & ALUMINUM CO.
Reliance is fully committed to growth. To this end, we have strategically
invested $2.3 billion over the last five years. In 2017, we completed our
63rd acquisition since our 1994 IPO, further expanding our geographic
presence with a high-value-added, niche player. We spent $162 million
in capital expenditures to grow our value-added processing services
and geographic coverage. New processing equipment improves the
quality and service we provide to our customers which, in turn, increases
our profitability. Further, we expanded our operations: a new location in
Kentucky supports the increased use of aluminum in automotive; and
another in India services global aerospace. In 2018, we are doubling
our capacity in South Korea and China to meet the growing needs of
our semiconductor customers.
TWO
BILLION
INVESTED
MAKING GAINS: PROCESSING SERVICES PERFORMED ON 48% OF ORDERS (UP FROM HISTORICAL 40%)
2017 ANNUAL REPORT 7
8 RELIANCE STEEL & ALUMINUM CO.
The health and safety of our employees, customers, and neighbors is a
Reliance core value. In 2017, we inaugurated an employee assistance
program – Reliance Cares – to support the true source of our
company’s success: our over 14,000 employees worldwide. Funded
through voluntary contributions, mostly from employees themselves
and matched by our company, Reliance Cares provides assistance to
any Reliance employee who is impacted by a natural disaster.
OUR
BEST
ASSETS
2017 ANNUAL REPORT 9
10 RELIANCE STEEL & ALUMINUM CO.
2017 ANNUAL REPORT 11
SELECTED CONSOLIDATED FINANCIAL DATA
In millions, except share and per share data
Year Ended December 31,
Income Statement Data:
Net sales
Cost of sales (exclusive of depreciation and amortization
expense)
Gross profit(1)
Warehouse, delivery, selling, general and administrative
expense(2)
Depreciation and amortization expense
Impairment of long-lived assets
Operating income
Other expense (income):
Interest expense
Other expense (income), net(2)
Income before income taxes
(Benefit) provision for income taxes(3)
Net income(3)
Less: Net income attributable to noncontrolling interests
2017
2016
2015
2014
2013
$9,721.0
$8,613.4
$9,350.5
$10,451.6
$9,223.8
6,933.2
6,023.1
6,803.6
7,830.6
6,826.2
2,787.8
1,902.8
2,590.3
2,546.9
2,621.0
2,397.6
1,798.1
1,725.3
1,789.8
1,636.0
218.4
4.2
662.4
73.9
4.7
583.8
(37.2)
621.0
7.6
222.0
52.4
517.8
84.6
4.0
429.2
120.1
309.1
4.8
218.5
53.3
549.8
84.3
6.8
458.7
142.5
316.2
4.7
213.8
-
617.4
81.9
(10.8)
546.3
170.0
376.3
4.8
192.4
14.9
554.3
77.5
(1.5)
478.3
153.6
324.7
3.1
Net income attributable to Reliance(3)
$613.4
$304.3
$311.5
$371.5
$321.6
Earnings Per Share:
Diluted(3)
Basic(3)
$8.34
$8.42
$4.16
$4.21
$4.16
$4.20
$4.73
$4.78
$4.14
$4.19
Weighted average shares outstanding – diluted
73,539,424
73,120,918
74,902,064 78,615,939
77,646,192
Weighted average shares outstanding – basic
72,851,021
72,362,513
74,096,349
77,682,943 76,844,912
Other Data:
Cash flow provided by operations
$399.0
$626.5
$1,025.0
$356.0
$633.3
Capital expenditures
Cash dividends per share
161.6
1.80
154.9
1.65
172.2
1.60
190.4
1.40
168.0
1.26
Balance Sheet Data (December 31):
Working capital
Total assets
Short-term debt
Long-term debt(4)
Reliance stockholders' equity
$2,347.6
$2,032.5
$1,564.5
$2,458.3
$2,165.5
7,751.0
7,411.3
7,121.6
7,822.4
7,323.6
92.0
1,809.6
4,667.1
82.5
500.8
93.9
36.5
1,847.2
1,428.9
2,209.6
2,055.1
4,148.8
3,914.1
4,099.0
3,874.6
(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) The adoption of accounting rule changes in 2017 affected the presentation of pension costs. Prior year Warehouse, delivery, selling, general and administrative expense
and Other expense (income), net have been retrospectively adjusted to conform to the current presentation.
(3) In 2017, we recognized a $207.3 million income tax benefit as a result of the Tax Cuts and Jobs Act of 2017.
(4) Long-term debt includes the long-term portion of capital lease obligations.
12 RELIANCE STEEL & ALUMINUM CO.
2017 ANNUAL REPORT 13
FELLOW STOCKHOLDERS
2017 was an exceptional year for Reliance. We focused on the core
values that differentiate our company. Our commitment to maximizing
gross profit margin, coupled with fantastic performance by our
managers in the field, resulted in significant operational milestones.
Notably, ongoing modest growth in demand along with a positive
pricing environment throughout most of the year helped us grow 2017
net sales by $1.1 billion over 2016 to reach $9.7 billion, the second-
highest ever for Reliance. Further, our annual gross profit margin of
28.7% was near the high-end of our target range of 27% to 29%, and
produced gross profit dollars of $2.8 billion – the highest in Reliance
history. As a result, we generated strong cash flow from operations
that allowed us to execute on our growth strategy while also providing
meaningful returns to our stockholders.
The spring and summer months of 2017 were characterized by a high
level of uncertainty related to the pending Section 232 investigation.
This, in turn, contributed to increased imports in the marketplace,
pressuring metal pricing. At the same time, however, customer demand
grew steadily, with our same-store tons sold up 3.6% year-over-year.
The improving demand environment along with increased raw material
pricing and trade case resolutions in the second half of the year
supported higher pricing on nearly every product we offer, resulting in a
9.1% increase in our average selling price in 2017 compared to 2016.
14 RELIANCE STEEL & ALUMINUM CO.
NET SALES (IN MILLIONS)
$10,451.6
$9,223.8
$9,350.5
$9,721.0
$8,613.4
2013
2014
2015
2016
2017
NET INCOME (IN MILLIONS)
$613.4†
$371.5
$321.6
$311.5
$304.3
2013
2014
2015
2016
2017
†Includes a $207.3 million, or $2.82 per
share, income tax benefit as a result of the
Tax Cuts and Jobs Act of 2017.
Our managers in the field did an excellent job managing pricing
fluctuations, growing our value-added service offerings to customers,
controlling expenses, and managing working capital, all of which led
to our second highest annual diluted earnings per share of $5.52,*
surpassed only in 2008.
We continue to be very proud of all of our employees’ hard work
and personal commitment to safety and sustainability. Safety is one
of Reliance’s core values; maintaining a safe and secure working
environment is of the utmost importance. We are also committed to
environmental sustainability and continue to work to mitigate the
environmental impact of our business.
Reliance is proud of our solid growth record, achieved through capital
investments and acquisitions. Over the past five years, we have invested a
total of $2.3 billion on a combination of capital expenditures – to support
customer needs and further drive organic growth – as well as strategic
acquisitions of well-managed metals service centers and processors. In
2017 alone, we spent $161.6 million in capital expenditures and completed
the acquisition of Ferguson Perforating Company, a niche player in the
perforated metals market providing highly-engineered specialty products.
We expect 2018 to be no different. Our 2018 capital expenditure budget
is $225 million – our highest-ever – with the majority of these investments
targeting growth opportunities. We have already completed one
acquisition this year: on March 1, 2018, we acquired DuBose National
Energy Services, Inc. and its affiliate, DuBose National Energy Fasteners
and Machined Parts, Inc., who provide specialty products and high
levels of value-added processing to the nuclear industry. We continue
to look for well-run businesses that further expand our existing footprint,
complement our diversification of products and services, and increase
our value-added processing capabilities. We are currently seeing more
acquisition opportunities in the market.
We believe our investments in cutting-edge, value-added processing
equipment have enabled us to increase both our market share and
gross profit margin. In 2017, we performed value-added processing
services on 48% of our orders, compared to our historical rate of 40%.
Additionally, we believe that an efficient inventory position benefits
our gross profit margin by allowing us to focus on higher-margin
business. Further, our decentralized operating structure allows us to
focus on fulfilling small order sizes for our customers, as the majority
of our customers purchase in smaller quantities on a just-in-time
basis. Our 2017 average order size was only $1,740 and we delivered
approximately 40% of our orders within 24 hours.
*See footnote on page 29.
We continue to benefit from our longtime strategy of serving a broad
spectrum of diverse end markets – namely aerospace, automotive,
non-residential construction, heavy industry, and energy – which helps
mitigate declines in any single end market. Demand for aerospace, one of
our top-performing end markets, remains strong with increased activity
from many of our defense customers. Our participation in the five-year,
$350 million Joint Strike Fighter program that began in 2017 is now
fully ramped, and we expect production levels to remain fairly steady in
10%
9%
2017 ANNUAL REPORT 15
RETURN ON EQUITY
15%*
2018. Demand for automotive, which we service mainly through our toll
8%
8%
processing operations in the U.S. and Mexico, remains solid. In 2017,
we continued to expand our facilities and equipment in order to increase
our capacity to support both carbon and aluminum processing for the
automotive market. Included in these initiatives was the opening of a new
facility in Kentucky given increased activity in that region.
Demand in the non-residential construction market – including
infrastructure – grew at a steady rate throughout 2017, but still
remains far below peak levels experienced in 2006. We are cautiously
optimistic that domestic infrastructure spending will strengthen in
2018, with incremental upside possible from federal infrastructure
spending. We are also encouraged by early signs of recovery in the
heavy industry and energy markets. Importantly, Reliance businesses
servicing the energy market contributed positively to our earnings in the
first quarter of 2017 for the first time since the second quarter of 2015,
and continued the trend for the rest of the year. The increased activity
in energy is a positive sign and we are well positioned to support an
upturn in demand as this market continues to recover.
2013
2014
2015
2016
2017
EARNINGS PER SHARE (DILUTED)
$8.34†
Because it provides the foundation for us to continue executing our
growth and stockholder return activities, maintaining a strong balance
$4.73
sheet and solid overall liquidity position remains a continual focus. In
$4.14
$4.16
$4.16
2017, we used our strong cash flow from operations to fund $161.6
million in capital expenditures, $132.0 million in dividends, $37.8
million in acquisitions, and $25.0 million in share repurchases. We
have paid regular quarterly dividends for 58 consecutive years and
have increased our dividend 25 times since our IPO in 1994 –
including our most recent increase of 11.1% to $0.50 per share, in the
first quarter of 2018. We will continue to prioritize returning value to our
stockholders through increased dividend payments and opportunistic
share repurchases.
On behalf of Reliance, we would like to express our gratitude to our loyal
customers, suppliers, and stockholders for their continued support. We
also thank our over 14,000 employees for their dedication to making
Reliance a best-in-class company. As we often state, our employees
2013
2014
2015
2016
2017
†Includes a $207.3 million, or $2.82 per
share, income tax benefit as a result of the
Tax Cuts and Jobs Act of 2017.
16 RELIANCE STEEL & ALUMINUM CO.
CASH FLOW FROM OPERATIONS
(IN MILLIONS)
$1,025.0
$633.3
$626.5
$356.0
$399.0
are our most important assets and we are proud to announce that in
2017, we launched Reliance Cares, an employee relief fund available
to any of our employees, worldwide, impacted by a natural disaster.
In the wake of Hurricanes Harvey and Irma, Reliance Cares provided
financial assistance to several of our impacted employees.
Both demand and pricing have been strong thus far in 2018. Given
the steel and aluminum tariffs put into effect by the U.S. Government,
purchasing patterns and pricing have been more volatile than typical.
Reliance will continue to focus on our core values and will navigate the
current market conditions with a focus on servicing our customers while
maximizing our gross profit margins and leveraging our strong position
with domestic producers to improve our profitability and strong cash
flows. Our repurchase of $25.0 million of our common stock during the
fourth quarter of 2017 and the 11.1% increase in our quarterly dividend
to total $2.00 annually, effective for the first quarter of 2018, reflect the
confidence our Board and management team have in our outlook and
ability to execute in the current favorable environment. We look forward
2013
2014
2015
2016
2017
to a successful year ahead.
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
EXECUTIVE LEADERSHIP: JIM HOFFMAN | KARLA LEWIS | GREGG MOLLINS
2017 ANNUAL REPORT 17
18 RELIANCE STEEL & ALUMINUM CO.
SELECTED CONSOLIDATED FINANCIAL DATA
In millions, other than per share data
Year Ended December 31,
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
Income Statement Data:
Net sales
Operating income(1)
Pretax income(2)
Income taxes(3)
Net income attributable to Reliance(3)
Weighted average shares outstanding – diluted
Balance Sheet Data:
Current assets
Working capital
Net fixed assets
Total assets(4)
Current liabilities
Short-term debt
Long-term debt(4)
Total Reliance stockholders’ equity
Per Share Data:
Earnings – diluted(3)
Dividends
Book value(5)
Ratio Analysis:
$9,721.0
$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
662.4
583.8
(37.2)
613.4
73.5
517.8
429.2
120.1
304.3
73.1
549.8
458.7
142.5
311.5
74.9
617.4
546.3
170.0
371.5
78.6
$3,051.3
$2,688.5
$2,554.2
$3,121.1
$2,738.9
$2,277.4
$2,274.7
$1,700.9
$1,390.9
$2,302.4
$1,721.4
2,347.6
1,656.3
7,751.0
703.7
92.0
1,809.6
4,667.1
2,032.5
1,662.2
7,411.3
656.0
82.5
1,847.2
4,148.8
1,564.5
1,635.5
7,121.6
989.7
500.8
1,428.9
3,914.1
2,458.3
1,656.4
7,822.4
662.8
93.9
2,209.6
4,099.0
$8.34
$1.80
$4.16
$1.65
$4.16
$1.60
$4.73
$1.40
$4.14
$1.26
$5.33
$0.80
$4.58
$0.48
$2.61
$0.40
$2.01
$0.40
$6.56
$0.40
$5.36
$0.32
$64.29
$57.07
$54.59
$53.03
$49.99
$46.82
$41.92
$37.83
$35.34
$33.17
$28.12
Return on Reliance stockholders’ equity(3), (6)
Current ratio
Net debt-to-total capital ratio(7)
Gross profit margin(8)
Operating income margin(1)
Pretax income margin(2)
Net income margin – Reliance(3)
14.8%
4.3
27.2%
28.7%
6.8%
6.0%
6.3%
7.8%
4.1
30.3%
30.1%
6.0%
5.0%
3.5%
8.0%
2.6
31.8%
27.2%
5.9%
4.9%
3.3%
9.6%
4.7
34.9%
25.1%
5.9%
5.2%
3.6%
(1) Operating income represents net sales less cost of sales, warehouse, delivery, selling, general and administrative expense, depreciation and amortization expense and impairment of long-lived
assets. Certain reclassifications were made to 2007 to include amortization expense in the calculation of Operating income. In 2017, 2016, 2015, 2014, 2013 and 2012, the calculation of Operating
income includes various non-recurring charges and credits, including impairment charges in 2017, 2016, 2015, 2013 and 2012. Additionally, the adoption of an accounting rule change in 2017 affected
the presentation of operating income. Prior year operating income and margin amounts have been retrospectively adjusted to conform to the current presentation.
(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) In 2017, we recognized a $207.3 million income tax benefit as a result of the Tax Cuts and Jobs Act of 2017.
(4) 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.
(5) Book value per share is calculated as Reliance stockholders’ equity divided by number of common shares outstanding as of December 31 of each year.
554.3
478.3
153.6
321.6
77.6
2,165.5
1,603.9
7,323.6
573.4
36.5
2,055.1
3,874.6
661.6
609.4
201.1
403.5
75.7
1,699.2
1,240.7
5,846.7
578.2
83.6
1,113.0
3,558.4
574.8
511.6
162.4
343.8
75.0
1,698.3
1,105.5
5,592.3
576.4
12.2
1,306.9
3,143.9
364.6
296.5
98.6
194.4
74.5
1,192.3
1,025.3
4,659.1
508.6
86.2
848.0
858.5
766.6
282.9
482.8
73.6
1,652.2
998.7
650.2
93.9
1,664.9
2,431.4
727.4
654.7
246.4
408.0
76.1
1,121.5
824.6
599.9
71.8
1,004.0
2,106.2
4,293.5
5,184.8
3,974.2
2,823.7
2,606.4
9.0%
4.8
34.1%
26.0%
6.0%
5.2%
3.5%
12.8%
3.9
23.6%
26.1%
7.8%
7.2%
4.8%
12.2%
3.9
28.2%
24.4%
7.1%
6.3%
4.2%
7.5%
3.3
23.3%
25.1%
5.8%
4.7%
3.1%
22.9%
3.5
41.3%
24.8%
9.8%
8.8%
5.5%
23.4%
2.9
32.2%
25.3%
10.0%
9.0%
5.6%
254.8
195.5
46.3
148.2
73.7
973.3
981.3
417.6
86.4
839.3
6.1%
3.3
25.3%
26.3%
4.8%
3.7%
2.8%
In millions, other than per share data
Income Statement Data:
Net sales
Operating income(1)
Pretax income(2)
Income taxes(3)
Net income attributable to Reliance(3)
Weighted average shares outstanding – diluted
Balance Sheet Data:
Current assets
Working capital
Net fixed assets
Total assets(4)
Current liabilities
Short-term debt
Long-term debt(4)
Per Share Data:
Earnings – diluted(3)
Dividends
Book value(5)
Ratio Analysis:
Total Reliance stockholders’ equity
662.4
583.8
(37.2)
613.4
73.5
2,347.6
1,656.3
7,751.0
703.7
92.0
1,809.6
4,667.1
517.8
429.2
120.1
304.3
73.1
2,032.5
1,662.2
7,411.3
656.0
82.5
1,847.2
4,148.8
549.8
458.7
142.5
311.5
74.9
1,564.5
1,635.5
7,121.6
989.7
500.8
1,428.9
3,914.1
617.4
546.3
170.0
371.5
78.6
2,458.3
1,656.4
7,822.4
662.8
93.9
2,209.6
4,099.0
2017 ANNUAL REPORT 19
Year Ended December 31,
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
$9,721.0
$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
554.3
478.3
153.6
321.6
77.6
661.6
609.4
201.1
403.5
75.7
574.8
511.6
162.4
343.8
75.0
364.6
296.5
98.6
194.4
74.5
254.8
195.5
46.3
148.2
73.7
858.5
766.6
282.9
482.8
73.6
727.4
654.7
246.4
408.0
76.1
$3,051.3
$2,688.5
$2,554.2
$3,121.1
$2,738.9
$2,277.4
$2,274.7
$1,700.9
$1,390.9
$2,302.4
$1,721.4
2,165.5
1,603.9
7,323.6
573.4
36.5
2,055.1
3,874.6
1,699.2
1,240.7
5,846.7
578.2
83.6
1,113.0
3,558.4
1,698.3
1,105.5
5,592.3
576.4
12.2
1,306.9
3,143.9
1,192.3
1,025.3
4,659.1
508.6
86.2
848.0
973.3
981.3
1,652.2
998.7
1,121.5
824.6
4,293.5
5,184.8
3,974.2
417.6
86.4
839.3
650.2
93.9
1,664.9
2,431.4
599.9
71.8
1,004.0
2,106.2
2,823.7
2,606.4
$8.34
$1.80
$4.16
$1.65
$4.16
$1.60
$4.73
$1.40
$4.14
$1.26
$5.33
$0.80
$4.58
$0.48
$2.61
$0.40
$2.01
$0.40
$6.56
$0.40
$5.36
$0.32
$64.29
$57.07
$54.59
$53.03
$49.99
$46.82
$41.92
$37.83
$35.34
$33.17
$28.12
Return on Reliance stockholders’ equity(3), (6)
Current ratio
Net debt-to-total capital ratio(7)
Gross profit margin(8)
Operating income margin(1)
Pretax income margin(2)
Net income margin – Reliance(3)
14.8%
4.3
27.2%
28.7%
6.8%
6.0%
6.3%
7.8%
4.1
30.3%
30.1%
6.0%
5.0%
3.5%
8.0%
2.6
31.8%
27.2%
5.9%
4.9%
3.3%
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%
12.8%
3.9
23.6%
26.1%
7.8%
7.2%
4.8%
12.2%
3.9
28.2%
24.4%
7.1%
6.3%
4.2%
7.5%
3.3
23.3%
25.1%
5.8%
4.7%
3.1%
6.1%
3.3
25.3%
26.3%
4.8%
3.7%
2.8%
22.9%
3.5
41.3%
24.8%
9.8%
8.8%
5.5%
23.4%
2.9
32.2%
25.3%
10.0%
9.0%
5.6%
(6) 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 repurchases.
(7) 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.
(8) 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
above 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.
20 RELIANCE STEEL & ALUMINUM CO.
GEOGRAPHIC PRESENCE
S TAT E S
Alabama
Arizona
Arkansas
California
Colorado
Georgia
Idaho
Illinois
Indiana
Iowa
Louisiana
Maryland
Montana
Nevada
Ohio
Oklahoma
Massachusetts
New Hampshire
Oregon
Texas
Utah
Virginia
Michigan
Minnesota
New Jersey
Pennsylvania
Washington
New Mexico
Rhode Island
Wisconsin
Connecticut
Kansas
Mississippi
New York
South Carolina
Florida
Kentucky
Missouri
North Carolina
Tennessee
IN T E R N AT IO N A L
Australia
Mexico
Belgium
Canada
China
France
India
Malaysia
Singapore
South Korea
Turkey
The U.A.E.
United Kingdom
SALES BY PRODUCT
Carbon steel plate
Carbon steel structurals
Carbon steel tubing
Hot-rolled steel sheet & coil
Carbon steel bar
Galvanized steel sheet & coil
Cold-rolled steel sheet & coil
Heat-treated aluminum plate
Aluminum bar & tube
Common alloy aluminum sheet & coil
Common alloy aluminum plate
11%
10%
10%
7%
6%
5%
3%
7%
6%
4%
1%
Heat-treated aluminum sheet & coil
Stainless steel bar & tube
Stainless steel sheet & coil
Stainless steel plate
Alloy bar and rod
Alloy tube
Alloy plate, sheet & coil
Toll processing – aluminum, carbon steel,
and stainless steel*
Miscellaneous, including brass, copper, titanium,
manufactured parts and scrap
1%
6%
6%
2%
4%
1%
1%
4%
5%
*Includes revenues for logistics services provided by our toll processing companies.
SALES BY REGION
SALES BY COMMODITY
2017 ANNUAL REPORT 21
TOLL PROCESSING & LOGISTICS
OTHER
ALLOY
STAINLESS STEEL
ALUMINUM
4%
5%
6%
14%
19%
CARBON STEEL
52%
MIDWEST
WEST/SOUTHWEST
SOUTHEAST
INTERNATIONAL
MID-ATLANTIC
NORTHEAST
PACIFIC NORTHWEST
MOUNTAIN
32%
22%
18%
9%
6%
6%
4%
3%
22 RELIANCE STEEL & ALUMINUM CO.
RELIANCE LOCATIONS
R E L I A N CE DI V I S ION 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
877-727-6073
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 UB S IDI A R IE S
All Metal Services Limited
A Subsidiary of Reliance Metals UK
Holding Limited — Holding Company
London, United Kingdom – Headquarters
44 189 544 4066
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 India Private Limited
A Subsidiary of All Metal Services Limited
Belagavi, India
91 802 837 9124
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
Doing Business as American Steel
Portland, OR – Corporate Office
503-651-6700
Fresno, CA
559-266-0881
Sacramento, CA
916-371-7700
Seattle, WA
253-437-4080
Haskins Steel Company
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 Company
A Subsidiary of American Metals Corporation
Anchorage, AK – Headquarters
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
Birmingham, AL
205-781-0317
Chicago, IL
815-937-1970
2017 ANNUAL REPORT 23
Continental Alloys & Services Limited
A Subsidiary of Reliance Metals UK Holding
Limited — Holding Company
Brechin, Scotland
44 1356 625 515
Chicago, IL – Sales Office
708-429-2244
Peterhead, Scotland
44 1779 480 420
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 –
Headquarters
44 845 853 6149
Ellesmere Port, United Kingdom
44 151 355 6035
Cleveland, OH
216-446-6840
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 – Holding Company
Hamilton, Ontario, Canada
289-780-0570
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
Best Manufacturing, Inc.
Jonesboro, AR
870-931-9533
Clayton Metals, Inc.
Chicago, IL – Headquarters
630-860-7000
Bralco Metals (Australia) Pty Ltd
Doing Business as Airport Metals (Australia)
Melbourne, Australia
61 3 9310 5566
Los Angeles, CA
562-921-7070
Newark, NJ
973-588-1100
CCC Steel, Inc.
Los Angeles, CA
310-637-0111
IMS Steel
A Division of CCC Steel, Inc.
Salt Lake City, UT
801-973-1000
Chapel Steel Corp.
Philadelphia, PA – Corporate Office
215-793-0899
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 Pte. Ltd.
A Subsidiary of Reliance Asia Holding Pte.
Ltd. — Holding Company
Jurong, Singapore
65 6690 0178
Continental Alloys & Services
(Malaysia) Sdn. Bhd.
A Subsidiary of Continental Alloys &
Services, Pte. Ltd.
Senai, Johor, Malaysia
6 07 599 9975
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
Cedar Hill, TX
972-299-6497
Chicago, IL
708-757-7198
Fort Worth, TX
817-293-5015
San Antonio, TX
210-661-4641
Smith Pipe & Steel Company
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
112411_2017_Reliance_Text_R1.indd 23
3/23/18 10:50 PM
24 RELIANCE STEEL & ALUMINUM CO.
McKey Perforating Co.
A Division of Diamond Manufacturing Company
New Berlin, WI
800-233-9601
Manchester, TN
931-723-3636
Perforated Metals Plus
A Division of Diamond Manufacturing Company
Charlotte, NC
704-598-0443
Ferguson Perforating Company
A Subsidiary of Diamond Manufacturing
Company
Providence, RI – Headquarters
800-233-9601
New Castle, PA
401-941-8876
DuBose National Energy Fasteners &
Machined Parts, Inc.
Cleveland, OH
216-362-1700
DuBose National Energy Services, Inc.
Clinton, NC
910-590-2151
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
508-435-6854
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
585-475-1050
Salt Lake City, UT
330-425-1500
Seattle, WA
253-872-0100
St. Louis, MO
314-291-6080
Tulsa, OK
918-835-1511
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
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
Encore Metals USA
A Division of Earle M. Jorgensen Company
Portland, OR
503-620-8810
Salt Lake City, UT
801-383-3808
Earle M. Jorgensen (Asia) Sdn. Bhd.
A Subsidiary of Reliance Asia Holding Pte.
Ltd. — Holding Company
Nusajaya, Malaysia
60 7 531 9155
Feralloy Corporation
Chicago, IL – Corporate Office
773-380-1500
Charleston, SC
843-336-4107
Decatur, AL
256-301-0500
Portage, IN
219-787-9698
GH Metal Solutions, Inc.
A Subsidiary of Feralloy Corporation
Fort Payne, AL – Headquarters
256-845-5411
Charleston, SC
843-336-4107
Decatur, AL
256-845-5411
Fort Payne, AL (East)
256-845-5411
Acero Prime S. de R.L. de C.V
A Joint Venture of Feralloy Corporation
60% Owned
San Luis Potosí, 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
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 Co.
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 – Headquarters
309-699-7251
Bridgeton, MO
309-699-7251
Liebovich Steel & Aluminum Company
A Division of Liebovich Bros., Inc.
Rockford, IL – Headquarters
815-987-3200
Cedar Rapids, IA
319-366-8431
Green Bay, WI
920-759-3500
Rockford, IL
815-964-9471
Rockford, IL
815-874-8536
2017 ANNUAL REPORT 25
Metals USA, Inc.
Ft. Lauderdale, FL – Corporate Office
954-202-4000
Metals USA Carbon Flat Rolled, Inc.
A Subsidiary of Metals USA, Inc.
Germantown, WI
262-255-4444
Horicon, WI
920-485-9750
Jeffersonville, IN
812-288-8906
Liberty, MO
816-415-0004
Madison, IL
618-452-6000
Northbrook, IL
847-291-2400
Randleman, NC
336-498-8900
Springfield, OH
937-882-6354
Walker, MI
616-453-9845
Wooster, OH
330-264-8416
Lynch Metals
A Division of Metals USA Carbon Flat
Rolled, Inc.
Union, NJ – Headquarters
908-686-8401
Anaheim, CA
714-238-7240
Ohio River Metal Services, Inc.
A Subsidiary of Metals USA Carbon Flat
Rolled, Inc.
Jeffersonville, IN
812-282-4770
Metals USA Plates and Shapes, Inc.
A Subsidiary of Metals USA, Inc.
Ambridge, PA
724-266-7708
Fairless Hills, PA
215-337-7000
Greensboro, NC
336-674-7991
Jacksonville, FL
904-766-0003
Langhorne, PA
267-580-2100
Mobile, AL
251-456-4531
26 RELIANCE STEEL & ALUMINUM CO.
Newark, NJ
973-242-1000
Oakwood, GA
770-536-1214
Philadelphia, PA
215-673-9300
Seekonk, MA
508-399-8500
Waggaman, LA
504-431-7010
York, PA
717-757-3549
Gregor Technologies, LLC
A Subsidiary of Metals USA Plates and
Shapes, Inc.
Torrington, CT
860-482-2569
Metals USA Plates and Shapes
Southcentral, Inc.
A Subsidiary of Metals USA, Inc.
Enid, OK
580-233-0411
Muskogee, OK
918-487-6800
Tulsa, OK
918-583-2222
The Richardson Trident Company, LLC
A Subsidiary of Metals USA Plates and
Shapes Southcentral, Inc.
Richardson, TX – Headquarters
972-231-5176
Odessa, TX
432-561-5446
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, United 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
PDM (Feralloy)
A Division of PDM Steel Service Centers, Inc.
Stockton, CA
209-234-0548
Aleaciones Especiales de México S. de
R.L. de C.V.
A Subsidiary of National Specialty Alloys, Inc.
Cuautitlán, Mexico
52 55 2225 0835
Phoenix Corporation
Doing Business as Phoenix Metals Company
Atlanta, GA – Headquarters
770-447-4211
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 – Headquarters
916-513-4548
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
Birmingham, AL
205-841-7477
Charlotte, NC
704-588-7075
Cincinnati, OH
513-727-4763
Gary, IN
219-886-2777
Kansas City, KS
913-321-5200
Nashville, TN
931-486-1456
Philadelphia, PA
215-295-9512
Philadelphia, PA – Sales Office
610-321-0866
Richmond, VA
804-222-5052
Russellville, AR
479-452-3802
St. Louis, MO
636-379-4050
Tampa, FL
813-626-8999
Aluminum & Stainless
A Division of Phoenix Corporation
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
270-282-8420
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
Rockport, IN
812-362-6480
Talladega, AL
256-315-2345
Toledo, OH
419-661-1100
Vonore, TN
423-884-2450
Woodburn, KY
270-542-6100
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
2017 ANNUAL REPORT 27
Spartanburg, SC
864-599-9988
Viking Materials, Inc.
Minneapolis, MN – Headquarters
612-617-5800
East Tennessee Steel Supply
A Division of Siskin Steel & Supply Company, Inc.
Morristown, TN
423-587-3500
Chicago, IL
847-451-7171
Yarde Metals, Inc.
Hartford, CT – Headquarters
860-406-6061
Greensboro, NC
336-500-0535
Long Island, NY
631-232-1600
Mansfield, MA
508-261-1142
Morristown, NJ
973-463-1166
Nashua, NH
603-635-1266
Philadelphia, PA
610-495-7545
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
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
Dynamic Metals International
A Division of Service Steel Aerospace Corp.
Bristol, CT
860-688-8393
Valex Corp.
Ventura, CA
805-658-0944
United Alloys Aircraft Metals
A Division of Service Steel Aerospace Corp.
Los Angeles, CA
323-588-2688
Valex China Co., Ltd.
A Subsidiary of Valex Corp.
Shanghai, People’s Republic of China
86 21 5818 3189
Siskin Steel & Supply Company, Inc.
Chattanooga, TN – Headquarters
423-756-3671
Louisville, KY
502-716-5140
Nashville, TN
615-242-4444
Valex Semiconductor Materials
(Zhejiang) Co., Ltd.
A Subsidiary of Valex Corp.
Haiyan Economic Development Zone,
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
28 RELIANCE STEEL & ALUMINUM CO.
CORPORATE DIRECTORY
D I R E C T O R S
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
Brenda S. Miyamoto
Vice President, Corporate Initiatives
Donald J. Prebola
Vice President, Health, Safety, and Human Resources
John A. Shatkus
Vice President, Internal Audit
Silva Yeghyayan
Vice President, Tax
Mark V. Kaminski(1), (2), (3), (4)
Chairman of the Board
Executive Chairman and Director
Graniterock
Gregg J. Mollins
President and Chief Executive Officer
Sarah J. Anderson(1), (2), (4)
Former Partner
Ernst & Young LLP
A public accounting firm
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 Executive Chairman of the Board
Reliance Steel & Aluminum Co.
Douglas M. Hayes(1), (2), (3), (4)
President
Hayes Capital Corporation
An investment banking firm
Robert A. McEvoy (1), (3), (4)
Former Managing Director
Goldman Sachs
Andrew G. Sharkey III(1), (2), (3), (4)
Former President and Chief Executive Officer
American Iron and Steel Institute
Douglas W. Stotlar(1), (2), (3)
Former President and Chief Executive Officer
Con-way Inc.
(1) Independent Director
(2) Member of the Audit Committee
(3) Member of the Compensation Committee
(4) Member of the Nominating and Governance Committee
CORPORATE INFORMATION
T R A N S F E R A G E N T & R E G I S T R A R
American Stock Transfer & Trust Company
6201 15th Avenue
Brooklyn, NY 11219
800-937-5449
718-921-8124
www.amstock.com
I N D E P E N D E N T A U D I T O R S
KPMG LLP
Los Angeles, CA
R E L I A N C E S T E E L & A L U M I N U M C O.
C O R P O R AT E H E A D Q U A R T E R S
350 South Grand Avenue
Suite 5100
Los Angeles, CA 90071
213-687-7700
www.rsac.com
A N N U A L M E E T I N G
10:00 a.m. (Pacific)
Wednesday, May 16, 2018
Omni Los Angeles Hotel at California Plaza
251 South Olive Street
Los Angeles, CA 90012
All stockholders are invited to attend.
F O R M 10-K
A copy of the Annual Report on Form 10-K, filed
with the Securities and Exchange Commission,
is available at: http://www.sec.gov or
http://investor.rsac.com or upon request to:
Karla R. Lewis
Senior Executive Vice President and
Chief Financial Officer
Reliance Steel & Aluminum Co.
350 South Grand Avenue
Suite 5100
Los Angeles, CA 90071
I N V E S T O R R E L AT I O N S C O N TA C T
Brenda S. Miyamoto
213-576-2428
investor@rsac.com
S E C U R I T IE S L I S T IN G
Reliance Steel & Aluminum Co.’s common stock is
traded on the New York Stock Exchange under the
symbol “RS.”
M A R K E T P R I C E O F C O M M O N S T O C K
The high and low sales prices for the Company’s
common stock in 2017 were $88.58 and $68.46.
The table below sets forth the high and low
reported sale prices of the Company’s common
stock for the stated calendar quarters.
LOW
2017 HIGH
1Q
2Q
3Q
4Q
$88.58 $76.18
$69.31
$82.28
$76.98
$68.46
$87.33 $72.69
S T O C K H O L D E R S O F R E C O R D A N D
D I V I D E N D P O L I C Y
As of February 23, 2018, there were approximately
203 record holders of our common stock. We have
paid quarterly cash dividends on our common stock
for 58 consecutive years. Our Board of Directors
has increased the quarterly dividend rate on a
periodic basis 25 times since our IPO in 1994.
F O R WA R D -L O O K I N G S TAT E M E N T S
This Annual Report includes statements that, to
the extent they are not recitations of historical fact,
constitute forward-looking statements within the
meaning of the federal securities laws, and are
based on Reliance’s current expectations and
assumptions. For a discussion identifying important
factors that could cause actual results to vary
materially from those anticipated in the forward-
looking statements, see Reliance’s 2017 Form 10-K.
*This Annual Report includes references to earnings per diluted share, excluding the impact of the Tax Cuts and Jobs Act of 2017, which is a non-GAAP financial
measure. As earnings per diluted share, excluding the impact of the Tax Cuts and Jobs Act of 2017, is not intended to be considered in isolation or as a substitute
for GAAP EPS, you should carefully read the 2017 Form 10-K, which includes our consolidated financial statements prepared in accordance with U.S. GAAP.
350 SOUTH GRAND AVENUE, SUITE 5100 | LOS ANGELES, CA 90071 | 213-687-7700 | WWW.RSAC.COM