2 0 1 8 A N N U A L R E P O R T
E X ECU T I NG OU R PL A N
E X E C U T I N G O U R P L A N
1
We continued to execute our corporate strategy in 2018.
Favorable market conditions buoyed our efforts, resulting
in significant financial and operational milestones. Our
dedication to relationships and commitment to our long-term
plan helped Reliance deliver record-breaking results.
Annual Net Sales $11.53 Billion
Annual Gross Profit $3.28 Billion
Annual Earnings Per Share $8.75
Pre-tax Income $850.6 Million
S E T T I NG N E W R ECOR DS
1
EXECUTING OUR PLAN Consistent with our growth and capital
allocation strategies, we invested $77.6
million to complete three acquisitions
that increase our value-added processing
capabilities and expand our catalog of
specialty products. We also invested
a record $239.9 million in capital
expenditures, demonstrating our
commitment to organic growth, with a focus
on state-of-the-art processing equipment.
CON T I N UOUS G ROW T H
A N D I N NOVAT ION
2
2018 RELIANCE STEEL & ALUMINUM CO. ANNUAL REPORT Our internal peer-to-peer SMART Safety
program helps ensure that we go home to
our loved ones in the same condition as we
arrived for work. This concentrated effort to
enhance our safety culture resulted in a 6%
decrease in recordable incidents in 2018.
We care about our customers and provide
best-in-class service at all levels, from
innovating custom solutions to delivering
materials on a just-in-time basis. We
focus on small orders with value-added
processing and quick turnaround. In 2018,
we performed processing on approximately
49% of our orders and delivered about 40%
of our orders within 24 hours. Our average
order size was $2,130.
PE A K PE R FOR M A NC E
3
EXECUTING OUR PLAN Reliance made record share repurchases
of $484.9 million in 2018, demonstrating
our confidence in our strategic plan and
outlook. We also provided meaningful
return to our stockholders through
dividend payments, totalling $145.3
million in 2018. Reliance has paid
regular quarterly cash dividends for
59 consecutive years; the 10% increase
announced in the first quarter of 2019
is the 26th dividend increase since the
Company went public in 1994.
S T O C K H O L D E R R E T U R N S
4
2018 RELIANCE STEEL & ALUMINUM CO. ANNUAL REPORT Reliance's executive management
team represents over a century
of combined operational and
management experience. Coupled
with our deep bench of leaders
across our Family of Companies,
Reliance's expertise and experience is
unparalleled. After more than a decade
on the executive team following a
17-year tenure at one of our largest
subsidiaries, Jim Hoffman became
President and Chief Executive Officer
effective January 1, 2019.
L E A D E R S H I P S U C C E S S I O N
5
EXECUTING OUR PLAN Selected Consolidated Financial Data
In millions, except number of shares, which are reflected in
thousands, and per share amounts.
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
Provision (benefit) for income taxes(3)
Net income(3)
Less: Net income attributable to noncontrolling interests
2018
2017
2016
2015
2014
$11,534.5
$9,721.0
$8,613.4
$9,350.5
$10,451.6
8,253.0
3,281.5
2,091.8
215.2
37.0
937.5
86.2
0.7
850.6
208.8
641.8
8.1
6,933.2
2,787.8
1,902.8
218.4
4.2
662.4
73.9
4.7
583.8
(37.2)
621.0
7.6
6,023.1
2,590.3
1,798.1
222.0
52.4
517.8
84.6
4.0
429.2
120.1
309.1
4.8
6,803.6
2,546.9
1,725.3
218.5
53.3
549.8
84.3
6.8
458.7
142.5
316.2
4.7
7,830.6
2,621.0
1,789.8
213.8
—
617.4
81.9
(10.8)
546.3
170.0
376.3
4.8
Net income attributable to Reliance(3)
$633.7
$613.4
$304.3
$311.5
$371.5
Earnings Per Share:
Diluted(3)
Basic(3)
Weighted average shares outstanding – diluted
Weighted average shares outstanding – basic
Other Data:
$8.75
$8.85
72,441
71,621
$8.34
$8.42
73,539
72,851
$4.16
$4.21
73,121
72,363
$4.16
$4.20
74,902
74,096
$4.73
$4.78
78,616
77,683
Cash flow provided by operations
$664.6
$399.0
$626.5
$1,025.0
$356.0
Capital expenditures
Cash dividends per share
Balance Sheet Data (December 31):
Working capital
Total assets
Short-term debt(4)
Long-term debt(4)
Reliance stockholders' equity
239.9
2.00
161.6
1.80
154.9
1.65
172.2
1.60
190.4
1.40
$2,585.9
$2,347.6
$2,032.5
$1,564.5
$2,458.3
8,044.9
7,751.0
66.8
2,141.1
4,671.6
92.6
1,809.6
4,667.1
7,411.3
83.1
1,847.2
4,148.8
7,121.6
7,822.4
501.3
94.6
1,428.9
2,209.6
3,914.1
4,099.0
(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. About
half 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) 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.
(4) Includes capital lease obligations.
6
2018 RELIANCE STEEL & ALUMINUM CO. ANNUAL REPORT
Fellow Stockholders
2018 was a record year for Reliance, marked by
significant financial and operational milestones.
Our field managers’ continued excellence in
strategic execution was bolstered by healthy
demand trends and improved pricing conditions
in the marketplace. These forces synergized
to achieve 2018 net sales of $11.5 billion – $1.8
billion over 2017 and the highest in Reliance’s
history. Our annual gross profit margin of 28.4%
(near the high-end of our estimated sustainable
range of 27% to 29%) produced record gross profit
dollars of $3.3 billion and our highest ever pre-
tax income of $850.6 million. Importantly, our
pre-tax income increased 45.7% year-over-year
on an 18.7% increase in sales, demonstrating the
strength of our business model and disciplined
strategy of focusing on higher-margin business.
As a result, we generated strong cash flow
from operations of $664.6 million which we
deployed by executing on our growth strategy
while also providing meaningful returns to our
stockholders. Notably, in 2018 we repurchased
a record $484.9 million of our common stock,
demonstrating our continued confidence in the
strength of our business strategy and outlook.
Our full-year non-GAAP earnings of $8.94
per diluted share grew 64.3% year-over-year,
and set another Reliance record. Our earnings
were supported by favorable pricing conditions
stemming from solid demand trends and
trade actions, which led to multiple mill price
increases during the first nine months of the
year. While we did not experience any notable
price increases in the fourth quarter, the overall
strong pricing environment resulted in a 17.9%
increase in our average selling price in 2018
compared to 2017. Customer demand was
healthy throughout the year, with our same-
store tons sold up 0.8% year-over-year.
Reliance credits much of our success to the
emphasis we place on increasing value-added
services to our customers, effective working
capital management, and strict expense control.
Our significant investments in cutting-edge,
value-added processing equipment have enabled
us to increase our gross profit margin, which
in turn improves our earnings. Maintaining
an efficient inventory position also benefits
our gross profit margin by allowing us to
concentrate on higher-margin business. In 2018,
we performed value-added processing services
on 49% of our orders, an increase of 400 basis
points over the past five years, with our gross
profit margin expanding 330 basis points over
the same period. We were very pleased with
our expense management in 2018: our full year
expenses (warehouse, delivery, selling, general,
and administrative), as a percent of sales,
declined 150 basis points year-over-year on a
$1.8 billion increase in sales.
We continue to benefit from our long-term
strategy of serving a broad spectrum of diverse
end markets – including aerospace, automotive,
non-residential construction, heavy industry,
and energy – which helps mitigate volatility
in any single end market. Further, Reliance’s
decentralized operating structure allows us to
concentrate on fulfilling small orders, as the
majority of our customers purchase in smaller
quantities on a just-in-time basis, and are
generally less price sensitive than customers
that place large volume orders with long lead
times. In 2018, our average order size was $2,130
and approximately 40% of our orders were
delivered within 24 hours.
Aerospace remains one of our top-performing
end markets and we continue to focus on
7
EXECUTING OUR PLAN
growing our market share both domestically
and abroad. Demand for automotive, which
we service mainly through our toll processing
operations in the U.S. and Mexico, also remains
strong. We continue to invest in facilities
and value-added processing equipment to
meet the robust demand for the services we
provide, especially those related to increased
aluminum content in vehicles. Consistent with
these efforts, in 2018 we commenced projects
to further increase our aluminum processing
capabilities in Kentucky and acquired complete
ownership of Acero Prime, S. de R.L. de C.V., a
toll processer in Mexico with four locations, from
our joint venture partner. These investments
allow us to better support our growth initiatives
in automotive as we continue to capitalize on
the positive demand environment.
Demand in heavy industry – which includes
rail car, truck trailer, ship building, barge
manufacturing, tank manufacturers and wind
and transmission towers – steadily improved
throughout 2018. We benefitted from our
customers’ higher capital spending budgets,
evidenced by increased spending on both
construction and agricultural equipment
throughout the year. While still below peak
levels in 2006, demand in the non-residential
construction market – including infrastructure
– also grew at a steady rate throughout 2018. We
believe this market will continue to recover and
that we are well positioned to support a higher
volume of business.
Finally, demand for the products we sell into the
energy market, which is mainly oil and natural
gas, improved in 2018, and we remain confident
in our ability to service further increases in
demand. Our overall outlook for 2019 remains
positive, with feedback on demand trends in
the various end markets we serve ranging from
steady to strong.
Reliance’s twofold growth strategy of capital
expenditures to achieve organic growth and
strategic acquisitions of well-managed metals
service centers has driven the Company’s
outstanding growth for decades. Over the last
five years we have invested almost $1 billion
in capital expenditures, with approximately
50% spent on new processing equipment.
NET SALES (in millions)
NET INCOME (in millions)
$10,451.6
$9,350.5
$8,613.4
$9,721.0
$11,534.5
$613.4*
$633.7
$371.5
$311.5
$304.3
2014
2015
2016
2017
2018
2014
2015
2016
2017
2018
*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.
8
2018 RELIANCE STEEL & ALUMINUM CO. ANNUAL REPORT
In 2018, our capital expenditures totaled a
record $239.9 million and our 2019 budget is
$230 million. The majority of our spending
will be strategically focused on organic
growth, investing in innovative technologies
and equipment to further expand our value-
added processing capabilities. Reliance also
completed three acquisitions in 2018, bringing
our total post-IPO acquisition count to 66. We
continue to pursue acquisition opportunities
that align with our proven strategy of acquiring
well-run businesses that complement our
diversification of products, services and
geography and enhance our value-added
processing services. We are very pleased with
the robust pipeline of opportunities currently
in the market, but will remain selective in
regards to acquisition activity.
Returning value to our stockholders through
quarterly cash dividends and share repurchases
remains core to our capital allocation philosophy.
We have paid regular quarterly cash dividends
for 59 consecutive years and have increased our
dividend 26 times since our 1994 IPO, including
our recent increase of 10% to $0.55 per share
in the first quarter of 2019. Our record share
repurchases in 2018, totaling $484.9 million,
reflect the trust and confidence our Board and
management have in our strong and consistent
business strategy and outlook.
In February, we celebrated Reliance’s 80th
anniversary. Reliance was founded in 1939
based on the core principle of providing
outstanding service to our customers. We have
grown tremendously in our 80 year history,
fueled by decades of expansion through organic
growth and strategic acquisitions, with an
emphasis on high-margin specialty products
and value-added processing capabilities.
Today, we are the largest metals service center
company in North America, servicing our
125,000 plus customers from over 300 locations
in 40 states and 13 countries outside of the U.S.
Despite the exponential growth of our business,
our founding commitment to customer service
remains unchanged.
Our ability to meet that fundamental commitment
to our customers would not be possible without
the hard work and dedication of our 15,000 plus
RETURN ON EQUITY
Based on beginning of the year equity.
CASH FLOW FROM OPERATIONS (in millions)
14%*
$1,025.0
10%
10%*
8%*
8%
$626.5
$664.6
$356.0
$399.0
2014
2015
2016
2017
2018
2014
2015
2016
2017
2018
*Return on Reliance stockholders' equity is based on the beginning
of year equity amount, except for 2018 and 2015, which are adjusted
for $484.9 million and $355.5 million of share repurchases,
respectively, and 2017, which is adjusted for a $207.3 million income
tax benefit as a result of the Tax Cuts and Jobs Act of 2017.
9
EXECUTING OUR PLAN employees around the world. That dedication
is reciprocated; employees are our most
important asset and we continue to focus on
ensuring their safety every day on the job.
In 2018, incident rates at Reliance improved
6% year-over-year. We attribute much of this
success to our peer-to-peer based “SMART
Safety” program, launched in 2017. With
the 2019 theme “One Family, One Culture
of SMART Safety”, safety will remain a key
priority as we work to further embed a culture
of safety across our Family of Companies. We
also recognize the value of our employees by
providing industry-leading benefits with rich
healthcare and retirement plans.
Complementing our long history of supporting
national and international disaster relief
organizations, Reliance established an employee
assistance fund, “Reliance Cares,” specifically
designed to support our employees impacted
by natural disasters. Since its inception in 2017,
employees across our Family of Companies have
donated to the fund, and Reliance has matched
all contributions dollar for dollar. Reliance Cares
provided grants to help employees and their
families rebuild after Hurricanes Harvey and
Irma in 2017, and Hurricane Florence in 2018.
In addition to helping our employees when they
need it, Reliance is devoted to investing in and
enriching the communities in which we live and
work. We encourage our employees to engage in
and initiate events to serve their communities,
and often match their fundraising efforts.
Among other activities, we support nonprofits
that provide veteran transition services and
participate in a national program focused on
supporting members of the armed forces and
their families. We continue to seek employee
and community engagement opportunities,
especially national initiatives, in which our Family
of Companies can participate. Finally, we are
committed to mitigating the impact our products
EARNINGS PER SHARE (diluted)
$8.34*
$8.75
$4.73
$4.16
$4.16
2014
2015
2016
2017
2018
*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.
1 0
2018 RELIANCE STEEL & ALUMINUM CO. ANNUAL REPORT
and operations have on the environment. As part
of our pledge to environmental sustainability, we
continuously evaluate and implement initiatives
focused on energy conservation, recycling, and
other programs to reduce pollution and improve
our environmental impact.
In closing, Reliance is extremely proud of
our record 2018 financial results, which were
made possible by the excellent execution of our
employees and supported by strong metal pricing
and healthy demand trends in the end markets we
service. Our 2018 results are a testament to our
ability to produce record results under favorable
market conditions. We remain optimistic about
the current environment, in which we will
continue to strive to maximize our earnings and
increase value for our stockholders. On behalf of
Reliance, we would like to express our gratitude
to our loyal employees, customers, suppliers,
and stockholders for their continued support. We
look forward to another successful year in 2019.
James D. Hoffman
President and Chief Executive Officer
Karla R. Lewis
Senior Executive Vice President and Chief Financial Officer
1 1
EXECUTING OUR PLAN S A L E S B Y PRODUC T
Carbon steel plate
Carbon steel tubing
Carbon steel structurals
Hot-rolled steel sheet and coil
Carbon steel bar
Galvanized steel sheet and coil
Cold-rolled steel sheet and coil
Heat-treated aluminum plate
Aluminum bar and tube
Common alloy aluminum sheet and coil
Common alloy aluminum plate
G EOG R A PH IC PR E S E NC E
12%
11%
9%
7%
6%
5%
3%
7%
5%
5%
1%
Heat-treated aluminum sheet and coil
Stainless steel bar and tube
Stainless steel sheet and coil
Stainless steel plate
Alloy bar and rod
Alloy tube
Alloy plate, sheet, and 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%
4%
*Includes revenues for logistics services provided by our toll processing companies.
I N T E R NAT IO NA L
Australia
Mexico
Belgium
Singapore
Canada
South Korea
China
France
India
Malaysia
Turkey
United Arab Emirates
United Kingdom
S TAT E S
Alabama
Florida
Kentucky
Georgia
Louisiana
Alaska
Arizona
Arkansas
Montana
Nevada
Ohio
Oklahoma
Texas
Utah
Idaho
Illinois
Maryland
New Hampshire
Oregon
Virginia
Massachusetts
New Jersey
Pennsylvania
Washington
California
Indiana
Michigan
New Mexico
Rhode Island
Wisconsin
Colorado
Iowa
Minnesota
New York
South Carolina
Connecticut
Kansas
Missouri
North Carolina
Tennessee
1 2
2018 RELIANCE STEEL & ALUMINUM CO. ANNUAL REPORT
S A L E S B Y
R EG ION
Mountain
Pacific Northwest
Northeast
S A L E S B Y
COM MODI T Y
3%
5%
6%
Toll processing and logistics 4%
Miscellaneous
Alloy
4%
6%
Mid-Atlantic
6%
Stainless steel
14%
International
8%
Southeast
18%
Aluminum
19%
West/Southwest
22%
Carbon steel
53%
Midwest
32%
1 3
EXECUTING OUR PLAN Historical Financial Data
In millions, except per share data
Year Ended December 31,
Income Statement Data:
Net sales
Operating income(1)
Pre-tax income(2)
Income taxes(3)
Net income attributable to Reliance(3)
Weighted average shares outstanding – diluted
Balance Sheet Data (December 31):
Current assets
Working capital
Net fixed assets
Total assets(4)
Current liabilities
Short-term debt(4)
Long-term debt(4)
Reliance stockholders’ equity
Per Share Data:
Earnings – diluted(3)
Dividends
Book value(5)
Ratio Analysis:
Return on Reliance stockholders’ equity(6)
Current ratio
Net debt-to-total capital ratio(7)
Gross profit margin(8)
Operating income margin(1)
Pre-tax income margin(2)
Net income margin – Reliance(3)
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
$11,534.5
$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
937.5
850.6
208.8
633.7
72.4
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
$3,285.0
$3,051.3
$2,688.5
$2,554.2
$2,738.9
$2,277.4
$2,274.7
$1,700.9
$1,390.9
$2,302.4
2,585.9
1,729.9
8,044.9
699.1
66.8
2,141.1
4,671.6
$8.75
$2.00
$69.83
13.9%
4.7
30.8%
28.4%
8.1%
7.4%
5.5%
2,347.6
1,656.3
7,751.0
703.7
92.6
1,809.6
4,667.1
$8.34
$1.80
$64.29
9.8%
4.3
27.2%
28.7%
6.8%
6.0%
6.3%
2,032.5
1,662.2
7,411.3
656.0
83.1
1,847.2
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
501.3
1,428.9
3,914.1
$4.16
$1.60
$54.59
8.0%
2.6
31.8%
27.2%
5.9%
4.9%
3.3%
617.4
546.3
170.0
371.5
78.6
$3,121.1
2,458.3
1,656.4
7,822.4
662.8
94.6
2,209.6
4,099.0
554.3
478.3
153.6
321.6
77.6
2,165.5
1,603.9
7,323.6
573.4
36.8
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
84.0
1,113.0
3,558.4
$4.73
$1.40
$53.03
$4.14
$1.26
$5.33
$0.80
$49.99
$46.82
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%
574.8
511.6
162.4
343.8
75.0
1,698.3
1,105.5
5,592.3
576.4
12.8
1,306.9
3,143.9
$4.58
$0.48
$41.92
12.2%
3.9
28.2%
24.4%
7.1%
6.3%
4.2%
364.6
296.5
98.6
194.4
74.5
1,192.3
1,025.3
4,659.1
508.6
87.0
848.0
254.8
195.5
46.3
148.2
73.7
973.3
981.3
4,293.5
417.6
87.1
839.3
2,823.7
2,606.4
$2.61
$0.40
$37.83
$2.01
$0.40
$35.34
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%
858.5
766.6
282.9
482.8
73.6
1,652.2
998.7
5,184.8
650.2
94.5
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%
(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. The
calculation of operating income in years 2012 through 2018 includes various non-recurring charges and credits, including impairment charges in 2018, 2017, 2016, 2015, 2013 and 2012. Additionally, the adoption
of accounting rule changes 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 pre-tax income and margin amounts have been retrospectively adjusted to conform to the
current presentation.
(3) 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.
(4) Short-term and long-term debt amounts include capital lease obligations. The adoption of accounting rule changes in 2015 affected the presentation of debt issuance costs. Prior year total assets, long-term
debt and net debt-to-total capital ratio amounts have been retrospectively adjusted to conform to the current presentation.
(5) Book value per share is calculated as Reliance stockholders’ equity divided by the number of common shares outstanding as of December 31 of each year.
1 4
2018 RELIANCE STEEL & ALUMINUM CO. ANNUAL REPORT
In millions, except per share data
Year Ended December 31,
Income Statement Data:
Net sales
Operating income(1)
Pre-tax income(2)
Income taxes(3)
Net income attributable to Reliance(3)
Weighted average shares outstanding – diluted
Balance Sheet Data (December 31):
Reliance stockholders’ equity
Current assets
Working capital
Net fixed assets
Total assets(4)
Current liabilities
Short-term debt(4)
Long-term debt(4)
Per Share Data:
Earnings – diluted(3)
Dividends
Book value(5)
Ratio Analysis:
Current ratio
Return on Reliance stockholders’ equity(6)
Net debt-to-total capital ratio(7)
Gross profit margin(8)
Operating income margin(1)
Pre-tax income margin(2)
Net income margin – Reliance(3)
$3,285.0
$3,051.3
$2,688.5
$2,554.2
937.5
850.6
208.8
633.7
72.4
2,585.9
1,729.9
8,044.9
699.1
66.8
2,141.1
4,671.6
$8.75
$2.00
$69.83
13.9%
4.7
30.8%
28.4%
8.1%
7.4%
5.5%
662.4
583.8
(37.2)
613.4
73.5
2,347.6
1,656.3
7,751.0
703.7
92.6
1,809.6
4,667.1
$8.34
$1.80
$64.29
9.8%
4.3
27.2%
28.7%
6.8%
6.0%
6.3%
517.8
429.2
120.1
304.3
73.1
2,032.5
1,662.2
7,411.3
656.0
83.1
1,847.2
4,148.8
$4.16
$1.65
$57.07
7.8%
4.1
30.3%
30.1%
6.0%
5.0%
3.5%
549.8
458.7
142.5
311.5
74.9
1,564.5
1,635.5
7,121.6
989.7
501.3
1,428.9
3,914.1
$4.16
$1.60
$54.59
8.0%
2.6
31.8%
27.2%
5.9%
4.9%
3.3%
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
$11,534.5
$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
617.4
546.3
170.0
371.5
78.6
$3,121.1
2,458.3
1,656.4
7,822.4
662.8
94.6
2,209.6
4,099.0
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
$2,738.9
$2,277.4
$2,274.7
$1,700.9
$1,390.9
$2,302.4
2,165.5
1,603.9
7,323.6
573.4
36.8
2,055.1
3,874.6
1,699.2
1,240.7
5,846.7
578.2
84.0
1,113.0
3,558.4
$4.73
$1.40
$53.03
$4.14
$1.26
$5.33
$0.80
$49.99
$46.82
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%
1,698.3
1,105.5
5,592.3
576.4
12.8
1,306.9
3,143.9
$4.58
$0.48
$41.92
12.2%
3.9
28.2%
24.4%
7.1%
6.3%
4.2%
1,192.3
1,025.3
4,659.1
508.6
87.0
848.0
973.3
981.3
4,293.5
417.6
87.1
839.3
2,823.7
2,606.4
$2.61
$0.40
$37.83
$2.01
$0.40
$35.34
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%
1,652.2
998.7
5,184.8
650.2
94.5
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%
(6) Return on Reliance stockholders' equity is based on the beginning of year equity amount, except for 2018 and 2015 , which are adjusted for $484 .9 million and $355.5 million of share repurchases,
respectively, and 2017, which is adjusted for a $207.3 million income tax benefit as a result of the Tax Cuts and Jobs Act of 2017.
(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).
(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. About half 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.
1 5
EXECUTING OUR PLAN Reliance Locations
R E L I A NC E DI V I S IONS
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
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
1 6
Phoenix, AZ
602-275-4471
Phoenix, AZ
480-986-6156
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
Smith Pipe & Steel Company
Phoenix, AZ
602-257-9494
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 DI 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
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
Minworth, United Kingdom
44 167 543 0307
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
All Metals Processing & Logistics, Inc.
Spartanburg, SC – Headquarters
864-574-8050
Cartersville, GA
770-427-7379
All Metals Transportation and Logistics, Inc.
Decatur, AL
877-877-7528
Allegheny Steel Distributors, Inc.
Pittsburgh, PA
412-767-5000
American Metals Corporation
Doing Business as American Steel
Portland, OR – Headquarters
503-651-6700
Fresno, CA
559-266-0881
2018 RELIANCE STEEL & ALUMINUM CO. ANNUAL REPORT
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
LSI Plate
A Division of American Metals Corporation
Rancho Cucamonga, CA
877-877-7528
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 – Headquarters
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 –
Headquarters
44 845 853 6149
Philadelphia, PA
610-705-0477
Portland, OR
503-228-3355
Chapel Steel Canada, Ltd.
A Subsidiary of Reliance Metals Canada
Holdings Limited – Holding Company
Hamilton, Ontario, Canada
289-780-0570
Chatham Steel Corporation
Savannah, GA – Headquarters
912-233-4182
Ellesmere Port, United Kingdom
44 151 355 6035
Birmingham, AL
205-791-2261
Best Manufacturing, Inc.
Jonesboro, AR
870-931-9533
Bralco Metals (Australia) Pty Ltd
Doing Business as Airport Metals (Australia)
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
Houston, TX
713-462-4449
Columbia, SC
803-799-8888
Durham, NC
919-682-3388
Orlando, FL
407-859-0310
Clayton Metals, Inc.
Chicago, IL – Headquarters
630-860-7000
Elk Grove Village, IL
847-238-9265
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 Limited
A Subsidiary of Reliance Metals UK Holding
Limited — Holding Company
Brechin, Scotland
44 1356 625 515
Peterhead, Scotland
44 1779 480 420
1 7
EXECUTING OUR PLAN
Continental Alloys & Services Pte. Ltd.
A Subsidiary of Reliance Asia Holding Pte.
Manchester, TN
931-723-3636
Cleveland, OH
330-425-1500
Perforated Metals Plus
A Division of Diamond Manufacturing
Cleveland, OH (Plate)
330-963-8150
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
Company
Charlotte, NC
704-598-0443
Ferguson Perforating Company
A Subsidiary of Diamond Manufacturing
Company
Providence, RI – Headquarters
Continental Alloys Middle East FZE
A Subsidiary of Reliance Steel & Aluminum Co.
Dubai, United Arab Emirates
971 4 8809770
800-233-9601
New Castle, PA
401-941-8876
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
Tulsa, OK
918-234-7833
Diamond Manufacturing Company
Wyoming, PA – Headquarters
800-233-9601
Cedar Hill, TX
972-291-8800
Michigan City, IN
219-874-2374
McKey Perforating Co.
A Division of Diamond Manufacturing
Company
New Berlin, WI
800-233-9601
1 8
DuBose National Energy Fasteners &
Machined Parts, Inc.
Cleveland, OH
216-362-1700
DuBose National Energy Services, Inc.
Clinton, NC – Headquarters
910-590-2151
Charlotte, NC – Sales Office
704-295-1060
Exton, PA – Sales Office
610-594-9413
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
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
2018 RELIANCE STEEL & ALUMINUM CO. ANNUAL REPORT
St. Louis, MO
314-291-6080
Tulsa, OK
918-835-1511
Wrightsville, PA
215-949-2850
Team Tube
A Division of Reliance Metals Canada Limited
Charleston, SC
843-336-4107
Vancouver, British Columbia, Canada –
Headquarters
604-468-4747
Calgary, Alberta, Canada
403-279-8131
Decatur, AL
256-845-5411
Fort Payne, AL (East)
256-845-5411
Encore Metals USA
A Division of Earle M. Jorgensen Company
Edmonton, Alberta, Canada
780-462-7222
Feralloy Processing Company
A Joint Venture of Feralloy Corporation
Portland, OR
503-620-8810
Salt Lake City, UT
801-383-3808
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
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
FastMetals, Inc.
Massillon, OH
833-327-8685
Feralloy Corporation
Chicago, IL – Corporate Office
773-380-1500
Charleston, SC
843-336-4107
Decatur, AL
256-301-0500
Portage, IN
219-787-9698
Encore Metals
A Division of Reliance Metals Canada Limited
Vancouver, British Columbia, Canada –
Acero Prime, S. de R.L. de C.V.
A Subsidiary of Feralloy Corporation
San Luis Potosí, Mexico – Headquarters
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
52 444 870 7700
Monterrey, Mexico
52 818 000 5300
Ramos Arizpe, Mexico
52 844 450 6400
Toluca, Mexico
52 722 262 5500
GH Metal Solutions, Inc.
A Subsidiary of Feralloy Corporation
Fort Payne, AL – Headquarters
256-845-5411
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.
Wallingford, CT – Headquarters
203-294-2980
Atlanta, GA
404-419-3460
Baltimore, MD
410-355-1664
Hallandale, FL
954-454-1564
Marseilles, IL
815-795-5002
New Boston,OH
740-353-1350
Petersburg, VA
804-957-5900
Philadelphia, PA – Corporate Office
215-741-1000
Tampa, FL
813-626-6005
1 9
EXECUTING OUR PLAN
Athens Steel
A Division of Infra-Metals Co.
Athens, GA
706-552-3850
IMS Steel
A Division of Infra-Metals Co.
Metals USA, Inc.
Ft. Lauderdale, FL – Corporate Office
954-202-4000
Metals USA Carbon Flat Rolled, Inc.
A Subsidiary of Metals USA, Inc.
Northbrook, IL – Headquarters
Atlanta, GA
404-577-5005
KMS FAB, LLC
Luzerne, PA
570-338-0200
KMS South, Inc.
W. Columbia, SC
803-796-9995
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
847-291-2400
Germantown, WI
262-255-4444
Horicon, WI
920-485-9750
Jeffersonville, IN
812-288-8906
Liberty, MO
816-415-0004
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
Liebovich Steel & Aluminum Company
A Division of Liebovich Bros., Inc.
Rockford, IL – Headquarters
815-987-3200
Rolled, Inc.
Jeffersonville, IN
812-282-4770
Cedar Rapids, IA
319-366-8431
Green Bay, WI
920-759-3500
Rockford, IL
815-964-9471
Rockford, IL
815-874-8536
2 0
Metals USA Plates and Shapes, Inc.
A Subsidiary of Metals USA, Inc.
Langhorne, PA – Headquarters
267-580-2100
Ambridge, PA
724-266-7708
Bethlehem, PA
610-691-4270
Fairless Hills, PA
215-337-7000
Greensboro, NC
336-674-7991
Jacksonville, FL
904-766-0003
Mobile, AL
251-456-4531
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
Altair Electronics, LLC
A Subsidiary of The Richardson Trident
Company, LLC
Richardson, TX
972-231-5166
Metalweb Limited
Birmingham, United Kingdom – Headquarters
44 121 328 7700
2018 RELIANCE STEEL & ALUMINUM CO. ANNUAL REPORT
London, United Kingdom
44 199 245 0300
Manchester, United Kingdom
44 161 483 9662
National Specialty Alloys, Inc.
Houston, TX – Headquarters
281-345-2115
Anaheim, CA
714-870-7800
Buford, GA
770-945-9255
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
Aleaciones Especiales de México, S. de R.L.
de C.V.
A Subsidiary of National Specialty Alloys, Inc.
Cuautitlán, Mexico
52 55 2225 0835
Feralloy PDM Steel Service
A Division of PDM Steel Service Centers, Inc.
Stockton, CA
209-234-0548
Tampa, FL
813-626-8999
Aluminum & Stainless
A Division of Phoenix Corporation
Lafayette, LA
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
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
Phoenix Corporation
Doing Business as Phoenix Metals Company
Atlanta, GA – Headquarters
770-447-4211
Birmingham, AL
205-841-7477
Charlotte, NC
704-588-7075
Cincinnati, OH
513-727-4763
Fort Smith, AR
479-452-3802
Hammond, 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
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
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EXECUTING OUR PLAN
Service Steel Aerospace Corp.
Seattle, WA – Headquarters
Tubular Steel, Inc.
St. Louis, MO – Headquarters
253-627-2910
Canton, OH
330-833-5800
Wichita, KS
316-838-7737
314-851-9200
Katy, TX
281-371-5200
Hazelwood, MO
314-524-6600
Dynamic Metals International
A Division of Service Steel Aerospace Corp.
Lorain, OH
440-960-6100
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
New Haven, MO
800-325-0890
Rialto, CA
909-429-6900
Savannah, GA
912-748-2405
Staunton, IL
618-635-3695
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
Westmont, IL – Sales Office
630-515-5500
Valex Corp.
Ventura, CA
805-658-0944
Valex China Co., Ltd.
A Subsidiary of Valex Corp.
Shanghai, People’s Republic of China
86 21 5818 3189
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
Viking Materials, Inc.
Minneapolis, MN – Headquarters
612-617-5800
Chicago, IL
847-451-7171
423-756-3671
Louisville, KY
502-716-5140
Nashville, TN
615-242-4444
Spartanburg, SC
864-599-9988
East Tennessee Steel Supply Co.
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
Perrysburg, OH
419-661-8500
Sunbelt Steel Texas, Inc.
Houston, TX – Headquarters
713-937-4300
Lafayette, LA
337-330-4140
2 2
2018 RELIANCE STEEL & ALUMINUM CO. ANNUAL REPORT
Tributes
1995
1998
2006
2011
2016
Gregg Mollins came to Reliance with a decade of
experience in operations. After his success as
a division manager, he went on to succeed Joe
Crider as Reliance’s “fix-it” man. He applied his
know-how to improve many of the Company’s
early acquisitions, which positioned Reliance to
successfully complete its 1994 IPO. Gregg has
been involved in all 66 post-IPO acquisitions,
the last seven of which he championed as
President and CEO. Gregg has always believed
in “doing the right thing,” an ethos that has
earned him a reputation for integrity and
unparalleled operational instinct in the metals
service center industry. Across the Family
of Companies, Gregg is known for caring
deeply about our people. Reliance’s record
performance in 2018 under his leadership is
proof. The Reliance Family thanks Gregg for
his 32 years of service and wishes him and his
family the very best in his retirement.
As the son of William
Gimbel, who led Reliance
for over 30 years, Thomas
W. Gimbel essentially grew
up alongside the Company.
Tom’s service on the Reliance
board for 20 years has
been both strategic and
sentimental. We salute the
Gimbel legacy and send Tom
into retirement with deep
appreciation and best wishes.
Douglas M. Hayes was the
lead banker in Reliance's 1994
IPO, and since joining our
Board in 1997, has provided
investment perspective and
strategic guidance. We thank
Doug for over two decades of
dedication to Reliance, which
has helped us weather difficult
times, undergo exponential
growth, and accomplish record
achievements.
2 3
EXECUTING OUR PLAN Corporate Directory
Corporate Information
DI R EC T OR S
OF F IC E R S
James D. Hoffman
President and Chief Executive Officer
Karla R. Lewis
Senior Executive Vice President and Chief
Financial Officer
William K. Sales, Jr.
Executive Vice President, Operations
Jeffrey W. Durham
Senior 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)
Chairman of the Board
Executive Chairman and Director
Graniterock
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)
Former 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
Robert A. McEvoy (1), (3), (4)
Former Managing Director
Goldman Sachs
Gregg J. Mollins
Senior Advisor to the Chief Executive Officer
Former President and Chief Executive Officer
Reliance Steel & Aluminum Co.
Andrew G. Sharkey, III (1), (3), (4)
Former President and Chief Executive Officer
American Iron and Steel Institute
Douglas W. Stotlar (1), (2), (4)
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
2 4
2018 RELIANCE STEEL & ALUMINUM CO. ANNUAL REPORT
Corporate Information
TRANSFER AGENT & REGISTRAR
American Stock Transfer & Trust Company
6201 15th Avenue
Brooklyn, NY 11219
800-937-5449
718-921-8124
www.amstock.com
INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM
KPMG LLP
Los Angeles, CA
RELIANCE STEEL & ALUMINUM CO.
CORPORATE HEADQUARTERS
350 South Grand Avenue
Suite 5100
Los Angeles, CA 90071
213-687-7700
www.rsac.com
ANNUAL MEETING
10:00 a.m. (Pacific)
Wednesday, May 15, 2019
Millennium Biltmore Los Angeles
506 South Grand Avenue
Los Angeles, CA 90071
All stockholders are invited to attend.
FORM 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
INVESTOR RELATIONS CONTACT
Brenda S. Miyamoto
213-576-2428
investor@rsac.com
SECURITIES LISTING
Reliance Steel & Aluminum Co.’s common stock is
traded on the New York Stock Exchange under the
symbol “RS.”
MARKET PRICE OF COMMON STOCK
The high and low sales prices for the Company’s
common stock in 2018 were $97.41 and $68.62. The
following table sets forth the high and low sales
prices of the Company’s common stock for the stated
calendar quarters.
2018 HIGH
$95.97
1Q
$97.41
2Q
$94.15
3Q
$86.61
4Q
LOW
$79.84
$82.40
$83.12
$68.62
STOCKHOLDERS OF RECORD
AND DIVIDEND POLICY
As of February 22, 2019, there were 190 record
holders of our common stock. We have paid
quarterly cash dividends on our common stock for
59 consecutive years. Our Board of Directors has
increased the quarterly dividend rate on a periodic
basis 26 times since our IPO in 1994.
FORWARD-LOOKING STATEMENTS
This Annual Report includes statements that, to
the extent they are not recitations of historical
fact, may constitute forward-looking statements
within the meanng 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
2018 Form 10-K. As a result, these statements
speak only as of the date that they are made,
and Reliance disclaims any and all obligation to
publicly update or revise any forward-looking
statements, whether as a result of new information,
future events, or otherwise.
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EXECUTING OUR PLAN
R S A C . C O M