EMERGING
STRONGER
RELIANCE STEEL & ALUMINUM CO.
2020 ANNUAL REPORT
In 2020, the coronavirus pandemic tested the strength of our longstanding strategy – and
we proved its resilience. Reliance conscientiously cared for the health, safety, and wellbeing
of our employees. They, in turn, worked nimbly under ever-changing circumstances to
remain customer-centered while proactively reducing expenses and focusing on continuous
improvement. As a Family, our companies collaborated, innovated, and executed: together, we
met our inventory turn goal, achieved a second consecutive record annual gross profit margin,
and generated cash flow from operations of $1.17 billion – which was used on stock repurchases,
increased dividends, and operating investments to benefit all our stakeholders. Further, Reliance
formalized our commitment to operating ethically and responsibly by creating a Sustainability
Mission Statement. While our strategy based on product, process, geographical, and end market
diversity and decentralization of operations helped us achieve many milestones, Reliance’s true
foundation is the strength and resolve of our people. We attribute our success to them all. More
than a year on, we’ve learned many lessons. Moving ahead, Reliance is safer, better prepared,
and emerging stronger than ever.
2020 ANNUAL REPORT
1
2
EMERGING STRONGER BETTER TOGETHER: OUR FAMILY IS
STRONGER THAN STEEL
Every step of a customer’s journey is powered by a knowledgeable, dedicated, and service-
oriented Reliance employee. Our frontline, essential workers’ commitment to exceed
expectations is an enduring aspect of Reliance culture and the backbone of our success –
evidenced by a high level of repeat business. Our employees’ combined actions to take care of
each other led to our safest year on record and our winning the Metals Service Center Institute’s
2020 Safety Innovation & Improvement Award. Their daily efforts drove our strong financial
results and recognitions including the Fastmarkets AMM award for Service Center of the Year;
#1 on Metal Center News’ Top 50 list for the 13th consecutive year; and our highest rank of 291 on
Fortune magazine’s list of America’s 500 largest companies.
Fastmarkets
AMM
Service Center of
the Year winner
MSCI
Safety Innovation
& Improvement
Award winner
COVID-19
We implemented a special
aid policy providing
paid leave for impacted
employees
23%
Improvement in safety incident
rate over 2019
3
2020 ANNUAL REPORT 4
EMERGING STRONGER COMMITTED TO OUR CUSTOMERS
AND SUPPLIERS
Responding to the coronavirus pandemic reinforced our relationships in many ways. Individuals
embraced technological innovation to bridge gaps resulting from socially distant or remote work
and sales scenarios. Our smaller customers depended on us to continue supplying materials so
that their businesses could stay afloat. Reliance’s ongoing investments to increase our value-
added services combined with strong, well-established supplier relationships helped ensure
uninterrupted best-in-class service. We are proud to have consistently and reliably provided
metal solutions during the pandemic: in leveraging our longstanding mill relationships to source
materials even during tight supply conditions, we demonstrated to our customers that they can
always rely on Reliance.
$172M
capital expenditures
spent mostly on organic
growth and innovation
49%
orders included
value-added
processing
5
$1,910
average order size
40%
orders delivered within
24 hours
2020 ANNUAL REPORT 6
EMERGING STRONGER OPERATING PROFITABLY YET RESPONSIBLY
OUR SUSTAINABILITY MISSION STATEMENT
Reliance’s sustainability efforts are anchored in the same fundamental principle that has made
us a successful business for over 80 years: a steadfast commitment to doing the right thing. We
are committed to promoting the health, safety, and wellbeing of our employees and their families,
as well as supporting the communities in which we live and work. We strive to foster a culture
of excellence by generating industry leading results while operating responsibly and ethically,
minimizing environmental impacts, and leveraging the diversity of talent and perspectives
within our Family of Companies. Looking ahead, Reliance will maintain our strategic focus on
innovation and continuous improvement without compromising our dedication to doing the
right thing for our people – including our colleagues, our customers, and our suppliers – our
communities, and our planet.
$337M
RS common stock
repurchased
We purchase significant
volumes of metal produced
from recycled material
$122.65
RS highest
close in 2020
380
Grants from our
employee assistance
fund since its
inception in 2017
430M
Pounds of recycled scrap
material were reintroduced into
the manufacturing life cycle
7
2020 ANNUAL REPORT 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)
2020
2019
2018
2017
2016
$8,811.9
$10,973.8
$11,534.5
$9,721.0
$8,613.4
6,036.8
7,644.4
8,253.0
6,933.2
6,023.1
Gross profit(1)
2,775.1
3,329.4
3,281.5
2,787.8
2,590.3
Warehouse, delivery, selling, general and
administrative expense(2)
Depreciation and amortization expense
Impairment of long-lived assets
Operating income
Other (income) expense:
Interest expense
Other expense (income), net(2)
Income before income taxes
Income tax provision (benefit)(3)
Net income(3)
Less: Net income attributable to noncontrolling interests
1,874.0
2,095.4
2,091.8
1,902.8
1,798.1
227.3
108.0
565.8
62.9
24.7
478.2
105.8
372.4
3.3
219.3
1.2
1,013.5
85.0
(0.8)
929.3
223.2
706.1
4.6
215.2
37.0
937.5
86.2
0.7
850.6
208.8
641.8
8.1
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
Net income attributable to Reliance(3)
$369.1
$701.5
$633.7
$613.4
$304.3
Earnings Per Share:
Diluted(3)
Basic(3)
Weighted average shares outstanding – diluted
Weighted average shares outstanding – basic
Other Data:
$5.66
$5.74
65,263
64,328
$10.34
$10.49
67,855
66,885
$8.75
$8.85
72,441
71,621
$8.34
$8.42
73,539
72,851
$4.16
$4.21
73,121
72,363
Cash flow provided by operations
$1,173.0
$1,301.5
$664.6
$399.0
$626.5
Capital expenditures
Cash dividends per share
Balance Sheet Data (December 31):
Working capital
Total assets
Short-term debt(4)
Long-term debt(4)
Total equity
172.0
2.50
242.2
2.20
239.9
2.00
161.6
1.80
154.9
1.65
$2,499.8
$2,334.9
$2,585.9
$2,347.6
$2,032.5
8,106.8
8,131.1
8,044.9
7,751.0
7,411.3
6.7
65.6
66.8
92.6
83.1
1,639.7
5,122.7
1,525.2
2,141.1
1,809.6
1,847.2
5,214.1
4,679.5
4,699.9
4,179.1
(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
expense, is not significant and is excluded from 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 finance lease obligations.
8
EMERGING STRONGER
We leveraged technology and embraced remote work, where feasible, and modified the way we conduct many aspects of our business to reduce the number of
in-person interactions. We significantly expanded the use of virtual interactions in all aspects of our business, including customer facing activities and our annual
meeting of stockholders.
FELLOW
STOCKHOLDERS
2020 was a year marked by unprecedented challenges
created by the global COVID-19 pandemic. We are
proud that Reliance not only remained operational as
an essential business but that despite considerable
market turbulence, the outstanding execution by
our dedicated employees enabled us to deliver
a solid financial performance – including record
gross profit margins. Company-wide, we executed
on our tried-and-true business model: providing
superior customer service, when-needed inventory
management, strong pricing discipline, effective
expense control, growth, and innovation. Every
member of the Reliance Family of Companies made
tremendous efforts to quickly and nimbly respond to
the changing environment and ensure our customers
were always taken care of. Most importantly, our
employees took care of one another by adopting new
COVID-19 safety protocols in the workplace, thereby
maintaining an unwavering commitment to health and
safety – our most important core value.
Our solid 2020 results demonstrate both the
resiliency of the long-term Reliance business model
and our ability to execute in good times and bad. Our
practice of serving a broad spectrum of end markets
– including non-residential construction, automotive,
heavy industry, aerospace, and energy – helps
mitigate volatility in any single sector. In addition,
our decentralized operating structure allows us
to respond rapidly to fluid market conditions and
demand trends. This strategic business design,
combined with continuous improvements to our
value-added processing capabilities and pricing
discipline exercised by our field leadership, enabled
Reliance to achieve a record annual gross profit
margin (31.5%) for the second consecutive year,
despite the extraordinarily unpredictable market
conditions. In 2020, tons sold declined 10.8%
compared to 2019 as a result of lower demand in
nearly all of our end markets due to COVID-19 related
customer shut-downs and project delays in the
first half of the year. Additionally, our 2020 average
selling price per ton sold was down 9.6% from 2019
as a result of declines in mill prices for most of
the products we sell during the first nine months
9
2020 ANNUAL REPORT of the year. Despite these challenges, our record
gross profit margin and effective expense control
measures helped mitigate the decline in profitability
as we generated non-GAAP earnings per diluted
share of $7.71 for the full year of 2020.
The health, safety, and well-being of our employees
is Reliance’s top priority. Since 2017, Reliance’s
comprehensive, company-wide SMART Safety
strategy has further fostered and deeply instilled
a culture of safety across our entire Family of
Companies. Working together to share lessons
learned and best practices, our efforts culminated
in 2020 as we recorded our safest year yet, including
a 23% improvement in our safety incident rate
compared to 2019. Reliance was also awarded the
prestigious Safety Innovation and Improvement
Award by the Metals Service Center Institute. We
enhanced health and safety measures in response
to the new and unique challenges presented
by COVID-19. At the onset of the pandemic, we
acted swiftly to reduce the spread of the virus:
where possible, we promoted remote working
arrangements; in operational warehouses, we
implemented social distancing and staggered shifts,
improved sanitation measures, and utilized contact
tracing technology.
To support our employees impacted by the virus, we
provided temporary aid in the form of paid time away
from work, expanded assistance under our Reliance
Cares emergency fund, and extended healthcare
benefits for a transitionary period to support
impacted employees and their families. We also
worked closely with our suppliers to maintain strong
partnerships, and we engaged with and listened to
our customers, adapting to address and support
their needs. Many companies within the Reliance
family also worked alongside customers on mission
critical projects to aid in the COVID-19 response
around the country.
As was evident throughout the past year, our
customers rely on Reliance to continue to support
them through trying times – often in greater
capacities and on a more frequent basis. In 2020,
our average order size was $1,910 and approximately
40% of our orders were delivered within 24 hours.
Operating with a decentralized structure allows us
to concentrate on small orders: the majority of our
customers purchase smaller quantities on a when-
needed basis and are generally less price sensitive
than customers that place large volume orders with
long lead times.
Across the Reliance network of approximately 300
locations, our managers maintained a disciplined
approach to pricing and focused on high quality,
high margin business. Field leadership also
leveraged opportunities to expand value-added
processing capabilities in order to meet – and
in many cases, exceed – our customers’ needs.
10
EMERGING STRONGER Our value-added processing capabilities have
increased in recent years – 49% of 2020 orders,
compared to more historical levels of 40% – because
of our significant investments in state-of-the-art
equipment. Value-added processing services also
help to stabilize our margins in challenging markets
and were a key factor contributing to our record
gross profit margin in 2020.
Concurrent with our response to the coronavirus
pandemic, Reliance concentrated not only on
maintaining our secure financial position but
improving it. We operated from a position of
strength, reinforced by a strong balance sheet,
an investment-grade credit rating, and enhanced
liquidity due to significant cash generation coupled
with effective working capital management. We
achieved a Company-wide inventory turn goal of
4.7x based on tons thanks to our field leadership’s
focus on right-sizing inventory to reflect current
demand levels and taking advantage of cross-
selling inventory within our Family of Companies.
Financing activities in the latter half of the year
further increased our liquidity and improved our
debt maturity profile. Currently, ample capital is
available for borrowing on our $1.5 billion revolving
credit facility.
In addition, our highly variable cost structure
provides financial flexibility, with approximately
65% of our selling, general, and administrative
(“SG&A”) expenses being people-related. We
reported an 11.5% year-over-year decline in same-
store SG&A expenses in 2020, with approximately
half of the decrease related to a 14% decline in our
work force compared to the prior year. Difficult
decisions regarding temporary and permanent
employee reductions were made on a location-by-
location basis, which provided us flexibility to make
additional changes as warranted. Thankfully, as
the economy began to re-open late in the second
quarter, we were pleased to bring many of our highly
skilled employees back to work.
Following a record year in 2019, we generated strong
cash flow from operations of $1.17 billion in 2020 due
to our continued profitable operations and effective
working capital management. This countercyclical
cash generation and strong financial position,
enhanced by our 2020 financing activities, allowed us
to continue supporting our customers and to remain
flexible and opportunistic in executing our growth
and stockholder return initiatives.
In 2020, we invested $172 million in capital
expenditures that included innovative equipment
and advanced technology to improve safety in our
operations, enhance working environments for
our employees, and fund growth and innovation
initiatives to better meet our customers’ needs.
This includes the construction of two on-campus
tolling operations: one location in Ghent, Kentucky
11
2020 ANNUAL REPORT opened in Q4 of 2020; another facility in Sinton,
Texas was announced in October 2020. Our 2021
capital expenditure budget of $245 million supports
the continued growth of our value-added processing
capabilities as well as investments in facility
upgrades and expansions.
of her experience. Also in January, Arthur Ajemyan
was promoted to Vice President, Chief Financial
Officer. Over his 15-year tenure with Reliance, Arthur
has held key roles in the corporate finance and
accounting department with increased levels of
responsibility.
Although COVID-19 has slowed the pace of M&A
activity, Reliance continues to see a healthy pipeline
of potential acquisition candidates, especially as
we have begun to broaden our view on prospective
growth opportunities. As always, we evaluate
opportunities based on a strict set of criteria to
ensure a strong fit within our Family of Companies.
Our two-fold growth strategy of leveraging capital
expenditures to drive organic expansion, coupled
with strategic acquisitions of well-managed metals
service centers, continues to solidify our position
as a leading diversified metal solutions provider in
North America.
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 61
consecutive years and have increased our dividend
28 times since our 1994 IPO, including our most
recent increase of 10.0% to $0.6875 per share in
the first quarter of 2021. In 2020, we repurchased
$337.3 million of our common stock. These actions
underscore our commitment to delivering value to
our stockholders as well as ongoing confidence in our
business model. We also remain committed to being
a responsible corporate citizen as demonstrated in
our Sustainability Mission Statement on page 7.
Because of Reliance’s decentralized structure,
succession plans are always in motion. 2021 started
with a number of new leaders throughout our Family
of Companies. Notable management changes also
took place at Reliance Corporate. Consistent with
our strategic executive succession plan, effective
January 15, 2021, Karla Lewis was promoted to
President and appointed to our Board of Directors.
This new role recognizes Karla’s significant
contributions and will broaden her knowledge of
Reliance’s field operations and increase the diversity
While the COVID-19 pandemic continues to impact
the global economy, we are extremely proud to have
successfully navigated the challenges that arose.
Over the past year, we have adapted to operating
more efficiently without sacrificing our competitive
edge and the critical elements that make Reliance
a trusted and reliable business partner. Having
forged stronger bonds through these trying times,
we believe that Reliance is emerging even stronger.
We will maintain our focus on profitable growth
opportunities to continue to enhance our value-
added processing, further diversify our products,
end markets, and geographic footprint, and uphold
our commitments to strong pricing discipline,
diligent expense control, when-needed inventory
management, organic growth, and innovation.
Our strong balance sheet provides us with the
ability to execute all four of our capital allocation
strategies – long-term profitable business growth
as well as returning value to our stockholders
through continued dividend increases and share
repurchases. Looking ahead, Reliance will continue
to execute and improve upon our tried-and-true
model that has led us to industry-leading results for
many decades. We thank you, our investors, for your
continued support of and commitment to Reliance.
JAMES D. HOFFMAN
Chief Executive Officer
KARLA R. LEWIS
President
12
EMERGING STRONGER NET SALES (IN MILLIONS)
$11,534.5
$9,721.0
$10,973.8
$8,613.4
$8,811.9
CASH FLOW FROM OPERATIONS
(IN MILLIONS)
$1,301.5
$1,173.0
$626.5
$664.6
$399.0
2016
2017
2018
2019
2020
2016
2017
2018
2019
2020
RETURN ON EQUITY (% RETURN)
Based on beginning of the year equity.
15%*
14%*
10%*
8%
7%*
NET INCOME (IN MILLIONS)
EARNINGS PER SHARE (DILUTED)
2016
2017
2018
2019
2020
$701.5
$633.7
$613.4**
$369.1
$304.3
$10.34
$8.34 **
$8.75
$4.16
$5.66
2016
2017
2018
2019
2020
2016
2017
2018
2019
2020
* Return on Reliance stockholders’ equity is based on the beginning of the year equity amount, except for 2020, 2019, and 2018, which are adjusted for $337.3 million, $50.0 million, and $484.9
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.
**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.
13
2020 ANNUAL REPORT GEOGRAPHIC PRESENCE
S TAT E S
IN T ER N AT ION A L
Alabama
Georgia
Maryland
New Jersey
Rhode Island
Australia
Singapore
Alaska
Arizona
Idaho
Illinois
Massachusetts
New Mexico
South Carolina
Belgium
South Korea
Michigan
New York
Tennessee
Canada
Turkey
Arkansas
Indiana
Minnesota
North Carolina
Texas
California
Iowa
Colorado
Kansas
Missouri
Montana
Ohio
Utah
Oklahoma
Virginia
Connecticut
Kentucky
Nevada
Oregon
Washington
Florida
Louisiana
New Hampshire
Pennsylvania
Wisconsin
China
France
India
Malaysia
Mexico
United Arab Emirates
United Kingdom
SALES BY REGION
MOUNTAIN 3%
PACIFIC NORTHWEST 4%
NORTHEAST 7%
MID-ATLANTIC 7%
INTERNATIONAL 7%
SOUTHEAST
WEST/SOUTHWEST
MIDWEST
19%
22%
31%
14
EMERGING STRONGER SALES BY
COMMODITY
SALES BY
PRODUCT
CARBON STEEL
51%
Carbon steel tubing
Carbon steel plate
Carbon steel structurals
Hot-rolled steel sheet and coil
Carbon steel bar
Galvanized steel sheet and coil
Cold-rolled steel sheet and coil
ALUMINUM
19%
STAINLESS STEEL
16%
ALLOY
MISCELLANEOUS
TOLL PROCESSING AND LOGISTICS
5%
5%
4%
Heat-treated aluminum plate
Aluminum bar and tube
Common alloy aluminum sheet and coil
Common alloy aluminum plate
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
Miscellaneous, including brass, copper,
titanium, manufactured parts, and scrap
Toll processing – aluminum, carbon steel,
and stainless steel*
* Includes revenues for logistics services provided
by our toll processing companies
11%
10%
10%
7%
6%
4%
3%
7%
5%
5%
1%
1%
8%
6%
2%
4%
1%
5%
4%
15
2020 ANNUAL REPORT HISTORICAL FINANCIAL DATA
In millions, except per share data.
Year Ended December 31,
Income Statement Data:
Net sales
Operating income(1)
Pretax income
Income taxes(2)
Net income attributable to Reliance(2)
Weighted average shares outstanding – diluted
Balance Sheet Data (December 31):
Current assets
Working capital
Net fixed assets
Total assets(3)
Current liabilities
Short-term debt(3)
Long-term debt(3)
Total equity
Per Share Data:
Earnings – diluted(2)
Dividends
Book value(4)
Ratio Analysis:
Return on Reliance stockholders’ equity (5)
Current ratio
Net debt-to-total capital ratio(6)
Gross profit margin(7)
Operating income margin(1)
Pretax income margin
Net income margin – Reliance(2)
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
$8,811.9
$10,973.8
$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
565.8
478.2
105.8
369.1
65.3
$3,112.8
2,499.8
1,792.2
8,106.8
613.0
6.7
1,639.7
5,122.7
$5.66
$2.50
$80.43
7.4%
5.1
15.8%
31.5%
6.4%
5.4%
4.2%
1,013.5
929.3
223.2
701.5
67.9
937.5
850.6
208.8
633.7
72.4
662.4
583.8
(37.2)
613.4
73.5
$3,010.2
$3,285.0
$3,051.3
$2,688.5
$2,554.2
$2,738.9
$2,277.4
$2,274.7
$1,700.9
2,334.9
1,795.2
8,131.1
675.3
65.6
1,525.2
5,214.1
$10.34
$2.20
$77.83
15.1%
4.5
21.4%
30.3%
9.2%
8.5%
6.4%
2,585.9
1,729.9
8,044.9
699.1
66.8
2,141.1
4,679.5
$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
4,699.9
$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
4,179.1
$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
3,942.7
$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
4,127.9
$4.73
$1.40
$53.03
9.6%
4.7
34.9%
25.1%
5.9%
5.2%
3.6%
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
3,884.4
$4.14
$1.26
$49.99
9.0%
4.8
34.1%
26.0%
6.0%
5.2%
3.5%
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
3,567.4
$5.33
$0.80
$46.82
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
3,152.0
$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
2,830.1
$2.61
$0.40
$37.83
7.5%
3.3
23.3%
25.1%
5.8%
4.7%
3.1%
(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 2020 includes various non-recurring charges and credits, including impairment charges in 2020,
2019, 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) 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.
(3) Short-term and long-term debt amounts include finance 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.
(4) 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.
(5) Return on Reliance stockholders’ equity is based on the beginning of year equity amount, except for 2020, 2019, 2018 and 2015, which are adjusted for $337.3 million, $50.0 million, $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.
16
EMERGING STRONGER In millions, except per share data.
Year Ended December 31,
Income Statement Data:
Net sales
Operating income(1)
Pretax income
Income taxes(2)
Net income attributable to Reliance(2)
Weighted average shares outstanding – diluted
Balance Sheet Data (December 31):
Current assets
Working capital
Net fixed assets
Total assets(3)
Current liabilities
Short-term debt(3)
Long-term debt(3)
Total equity
Per Share Data:
Earnings – diluted(2)
Dividends
Book value(4)
Ratio Analysis:
Current ratio
Return on Reliance stockholders’ equity (5)
Net debt-to-total capital ratio(6)
Gross profit margin(7)
Operating income margin(1)
Pretax income margin
Net income margin – Reliance(2)
565.8
478.2
105.8
369.1
65.3
$3,112.8
2,499.8
1,792.2
8,106.8
613.0
6.7
1,639.7
5,122.7
$5.66
$2.50
$80.43
7.4%
5.1
15.8%
31.5%
6.4%
5.4%
4.2%
1,013.5
929.3
223.2
701.5
67.9
2,334.9
1,795.2
8,131.1
675.3
65.6
1,525.2
5,214.1
$10.34
$2.20
$77.83
15.1%
4.5
21.4%
30.3%
9.2%
8.5%
6.4%
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
4,679.5
$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
4,699.9
$8.34
$1.80
$64.29
9.8%
4.3
27.2%
28.7%
6.8%
6.0%
6.3%
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
$8,811.9
$10,973.8
$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
517.8
429.2
120.1
304.3
73.1
549.8
458.7
142.5
311.5
74.9
$3,010.2
$3,285.0
$3,051.3
$2,688.5
$2,554.2
2,032.5
1,662.2
7,411.3
656.0
83.1
1,847.2
4,179.1
$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
3,942.7
$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
4,127.9
$4.73
$1.40
$53.03
9.6%
4.7
34.9%
25.1%
5.9%
5.2%
3.6%
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
$2,738.9
$2,277.4
$2,274.7
$1,700.9
2,165.5
1,603.9
7,323.6
573.4
36.8
2,055.1
3,884.4
$4.14
$1.26
$49.99
9.0%
4.8
34.1%
26.0%
6.0%
5.2%
3.5%
1,699.2
1,240.7
5,846.7
578.2
84.0
1,113.0
3,567.4
$5.33
$0.80
$46.82
12.8%
3.9
23.6%
26.1%
7.8%
7.2%
4.8%
1,698.3
1,105.5
5,592.3
576.4
12.8
1,306.9
3,152.0
$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
2,830.1
$2.61
$0.40
$37.83
7.5%
3.3
23.3%
25.1%
5.8%
4.7%
3.1%
(6) Net debt-to-total capital ratio is calculated as total debt (net of cash) divided by Reliance stockholders’ equity plus total debt (net of cash).
(7) Gross profit, calculated as net sales less cost of sales, and gross profit margin, calculated as gross profit divided by net sales, are non-GAAP financial measures as they exclude
depreciation and amortization expense associated with the corresponding sales. 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 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.
17
2020 ANNUAL REPORT RELIANCE LOCATIONS
D I V ISIONS
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
MetalCenter
A Bralco Metals Company
Los Angeles, CA
562-944-3322
Central Plains Steel Co.
Wichita, KS
316-636-4500
Reliance Aerospace Solutions
Cypress, CA
877-727-6073
Reliance Metalcenter
Oakland, CA
510-476-4400
Reliance Metals Group
Reliance Metalcenter
Colorado Springs, CO
719-390-4911
Dallas, TX
817-640-7222
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
Smith Pipe & Steel Company
Phoenix, AZ
602-257-9494
Reliance Steel Company
Albuquerque, NM
505-247-1441
Los Angeles, CA
323-583-6111
Slough, United Kingdom – Sales Office
44 20 7318 5066
All Metal Services India Private Limited
A Subsidiary of All Metal Services Limited
Belagavi, India
91 80 2837 9124
All Metal Services Ltd. (Xi’an)
A Subsidiary of All Metal Services Limited
Xi’an, People’s Republic of China
86 29 8612 5300
All Metal Services (Malaysia) Sdn. Bhd.
A Subsidiary of All Metal Services Limited
Selangor Darul Ehsan, Malaysia
60 3 7803 5643
All Metals Processing & Logistics, Inc.
Spartanburg, SC – Headquarters
864-574-8050
Cartersville, GA
770-427-7379
Tube Service Co.
Los Angeles, CA – Headquarters
562-695-0467
All Metals Transportation & Logistics, Inc.
Decatur, AL
877-877-7528
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
SUBSIDIARIES
All Metal Services Limited
A Subsidiary of Reliance Metals UK
Holding Limited – Holding Company
London, United Kingdom – Headquarters
44 18 9544 4066
Belfast, United Kingdom
44 28 9073 9648
Birmingham, United Kingdom
44 16 7543 0307
Bolton, United Kingdom
44 19 4284 0777
Bristol, United Kingdom
44 11 7982 2484
Losse, France
33 558 936 800
Minworth, United Kingdom
44 16 7543 0307
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
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
Plate Sales
A Division of American Metals Corporation
Portland, OR
503-286-0039
18
EMERGING STRONGER
Alaska Steel Company
A Subsidiary of American Metals Corporation
Anchorage, AK – Headquarters
907-561-1188
Chapel Steel Corp.
Philadelphia, PA – Corporate Office
215-793-0899
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 UK Limited
A Subsidiary of Reliance Metals UK Holding
Limited — Holding Company
Ellesmere Port, United Kingdom
44 151 355 6035
Best Manufacturing, Inc.
Jonesboro, AR
870-931-9533
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
Birmingham, AL
205-781-0317
Birmingham, AL – Sales Office
800-641-1006
Chicago, IL
815-937-1970
Chicago, IL – Sales Office
708-429-2244
Cleveland, OH
216-446-6840
Houston, TX
713-462-4449
Philadelphia, PA
610-705-0477
Portland, OR
503-228-3355
Tulsa, OK
844-964-0335
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
Birmingham, AL
205-791-2261
Columbia, SC
803-799-8888
Durham, NC
919-682-3388
Orlando, FL
407-859-0310
Clayton Metals, Inc.
Chicago, IL – Headquarters
630-860-7000
Elk Grove Village, IL
847-238-9265
Newark, NJ
973-588-1100
Continental Alloys & Services Limited
A Subsidiary of Reliance Metals UK Holding
Limited — Holding Company
Brechin, Scotland
44 135 662 5515
Peterhead, Scotland
44 177 948 0420
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.
Nusajaya, Malaysia
60 7 531 9155
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
972-299-6497
Chicago Heights, IL
708-757-7198
Fort Worth, TX
817-293-5015
San Antonio, TX
210-661-4641
Diamond Manufacturing Company
Wyoming, PA - Headquarters
800-233-9601
Michigan City, IN
219-874-2374
McKey Perforating Co.
A Division of Diamond Manufacturing
Company
New Berlin, WI
800-532-7373
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
401-941-8876
19
2020 ANNUAL REPORT
New Castle, PA
724-657-8703
DuBose National Energy Fasteners &
Machined Parts, Inc.
Cleveland, OH
216-362-1700
DuBose National Energy Services, Inc.
Clinton, NC – Headquarters
910-590-2151
Atlanta, GA – Sales Office
678-608-3660
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
678-894-2500
Birmingham, AL
205-814-0043
Boise, ID
503-283-2251
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
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
800-365-5454
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
330-425-1500
Salt Lake City, UT
801-532-2543
Seattle, WA
253-872-0100
St. Louis, MO
314-291-6080
Tulsa, OK
918-835-1511
Wrightsville, PA
215-949-2850
Encore Metals USA
A Division of Earle M. Jorgensen Company
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
Vancouver, British Columbia, Canada
604-468-4747
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
Montreal, Quebec, Canada
450-978-8877
Prince George, British Columbia, Canada
250-563-3343
Toronto, Ontario, Canada
905-878-1156
Winnipeg, Manitoba, Canada
204-663-1450
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
Ghent, KY
502-206-7002
Portage, IN
219-787-9698
Acero Prime, S. de R.L. de C.V.
A Subsidiary of Feralloy Corporation
San Luis Potosí, Mexico – Headquarters
52 444 870 7700
20
EMERGING STRONGER
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
Charleston, SC
843-336-4107
Decatur, AL
256-845-5411
Fort Payne, AL (East)
256-845-5411
Feralloy Processing Company LLC
A Subsidiary of Feralloy Corporation
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
Fry Steel Company
Santa Fe Springs, CA
562-802-2721
Infra-Metals Co.
Wallingford, CT – Headquarters
203-294-2980
Philadelphia, PA – Corporate Office
215-741-1000
Atlanta, GA
404-419-3460
Hallandale, FL
954-454-1564
Marseilles, IL
815-795-5002
New Boston, OH
740-353-1350
Petersburg, VA
804-957-5900
Tampa, FL
813-626-6005
Athens Steel
A Division of Infra-Metals Co.
Athens, GA
706-552-3850
IMS Steel
A Division of Infra-Metals Co.
Atlanta, GA
404-419-3460
KMS FAB, LLC
Luzerne, PA
570-338-0200
KMS South, Inc.
W. Columbia, SC
803-796-9995
Liebovich Bros., Inc.
Rockford, IL
815-987-3200
Custom Fab Company
A Division of Liebovich Bros., Inc.
Rockford, IL
815-987-3210
Good Metals Company
A Division of Liebovich Bros., Inc.
Grand Rapids, MI
616-241-4425
Hagerty Steel & Aluminum Company
A Division of Liebovich Bros., Inc.
Peoria, IL
309-699-7251
Liebovich Steel & Aluminum Company
A Division of Liebovich Bros., Inc.
Rockford, IL – Headquarters
815-987-3200
Cedar Rapids, IA
319-366-8431
Kaukauna, WI
920-759-3500
Metals USA, Inc.
Metals USA Carbon Flat Rolled, Inc.
A Subsidiary of Metals USA, Inc.
Northbrook, IL – Headquarters
847-291-2400
Germantown, WI
262-255-4444
Horicon, WI
920-485-9750
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 Rolled,
Inc.
Jeffersonville, IN
812-282-4770
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
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
21
2020 ANNUAL REPORT
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
Billings, MT
406-245-2210
Boise, ID
208-323-8045
Eugene, OR
541-485-1876
Spokane, WA
509-535-0326
The Richardson Trident Company, LLC
A Subsidiary of Metals USA Plates and Shapes
Southcentral, Inc.
Richardson, TX – Headquarters
972-231-5176
PDM Steel Service Centers, Inc.
Elk Grove, CA – Headquarters
916-513-4548
Odessa, TX
432-561-5446
Tulsa, OK
918-252-5781
Altair Electronics, LLC
A Subsidiary of The Richardson Trident
Company, LLC
Richardson, TX
972-231-5176
Metalweb Limited
Birmingham, United Kingdom – Headquarters
44 121 328 7700
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
Denver, CO
303-297-1456
Fresno, CA
209-943-0513
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
Feralloy PDM Steel Service
A Division of PDM Steel Service Centers, Inc.
Stockton, CA
209-234-0548
Phoenix Corporation
Doing Business as Phoenix Metals Company
Atlanta, GA – Headquarters
770-447-4211
Aleaciones Especiales de México, S. de R.L.
de C.V.
A Subsidiary of National Specialty Alloys, Inc.
Cuautitlán, Mexico
52 55 2225 0835
Northern Illinois Steel Supply Co.
Channahon, IL – Headquarters
815-467-9000
Houston, TX
800-892-1601
Pacific Metal Company
Portland, OR – Headquarters
503-454-1051
Birmingham, AL
205-841-7477
Charlotte, NC
704-588-7075
Cincinnati, OH
513-727-4763
Fort Smith, AR
479-452-3802
Hammond, IN
513-727-4763
Kansas City, KS
913-321-5200
Nashville, TN
931-486-1456
Philadelphia, PA
215-295-9512
Richmond, VA
804-222-5052
St. Louis, MO
636-379-4050
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
Dayton, OH
937-667-6255
Indianapolis, IN
765-778-4452
Jeffersonville, IN
812-850-3161
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
423-271-3690
Woodburn, KY
270-542-6100
Woodhaven, MI
734-301-4001
22
EMERGING STRONGER
Lorain, OH
440-960-6100
New Haven, MO
800-325-0890
Rialto, CA
909-429-6900
Valex Corp.
Ventura, CA
805-658-0944
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 96% Owned Subsidiary of Valex Corp.
Seoul, Republic of Korea
82 31 683 0119
Viking Materials, Inc.
Minneapolis, MN – Headquarters
612-617-5800
Chicago, IL
847-451-7171
Yarde Metals, Inc.
Southington, CT – Headquarters
860-406-6061
East Hanover, NJ
973-463-1166
Greensboro, NC
336-500-0535
Hauppauge, NY
631-232-1600
Limerick, PA
610-495-7545
North Canton, OH
330-342-7020
Pelham, NH
603-635-1266
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
Dynamic Metals International
A Division of Service Steel Aerospace Corp.
Windsor, CT
860-688-8393
United Alloys Aircraft Metals
A Division of Service Steel Aerospace Corp.
Los Angeles, CA
323-588-2688
Siskin Steel & Supply Company, Inc.
Chattanooga, TN – Headquarters
423-756-3671
Louisville, KY
502-716-5140
Nashville, TN
615-242-4444
Spartanburg, SC
864-599-9988
East Tennessee Steel Supply 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
Tubular Steel, Inc.
St. Louis, MO – Headquarters
314-851-9200
Katy, TX
281-371-5200
Hazelwood, MO
314-524-6600
23
2020 ANNUAL REPORT
CORPORATE DIRECTORY
D IREC TOR S
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
Lisa Baldwin (1), (2), (3)
Chief Information Officer
Tiffany & Co.
Karen W. Colonias (1), (2), (3)
President and Chief Executive Officer
Simpson Manufacturing Co., Inc.
John G. Figueroa (1), (3), (4)
Chairman and Chief Executive Officer
Carepathrx
David H. Hannah
Former Executive Chairman of the Board
Reliance Steel & Aluminum Co.
James D. Hoffman
Chief Executive Officer
Reliance Steel & Aluminum Co.
Karla R. Lewis
President
Reliance Steel & Aluminum Co.
Robert A. McEvoy (1), (3), (4)
Former Managing Director
Goldman Sachs
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
OF F ICER S
James D. Hoffman
Chief Executive Officer
Karla R. Lewis
President
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, Chief Financial Officer
Suzanne M. Bonner
Vice President, Chief Information Officer
Brenda S. Miyamoto
Vice President, Corporate Initiatives
Donald J. Prebola
Vice President, Health and Human Resources
John A. Shatkus
Vice President, Enterprise Risk
Silva Yeghyayan
Vice President, Tax
24
EMERGING STRONGER CORPORATE INFORMATION
TRANSFER AGENT & REGISTRAR
American Stock Transfer & Trust Company, LLC
6201 15th Avenue
Brooklyn, NY 11219
800-937-5449
718-921-8124
astfinancial.com
INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM
KPMG LLP
Los Angeles, CA
RELIANCE STEEL & ALUMINUM CO.
PRINCIPLE EXECUTIVE OFFICES
350 South Grand Avenue
Suite 5100
Los Angeles, CA 90071
213-687-7700
rsac.com
FORM 10-K
A copy of the Annual Report on Form 10-K,
filed with the United States Securities and
Exchange Commission, is available at
sec.gov or investor.rsac.com or upon request to:
William A. Smith II
Senior Vice President, General Counsel
and Corporate Secretary
Reliance Steel & Aluminum Co.
350 South Grand Avenue
Suite 5100
Los Angeles, CA 90071
INVESTOR RELATIONS CONTACT
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 2020 were $122.65 and $71.42.
The following table sets forth the high and low sales
prices of the Company’s common stock for the
stated calendar quarters.
2020
1Q
2Q
3Q
4Q
LOW
HIGH
$71.42
$121.50
$79.76
$102.13
$109.24
$89.88
$122.65 $104.75
STOCKHOLDERS OF RECORD AND DIVIDEND POLICY
As of February 19, 2021, there were 173 record
holders of our common stock. We have paid
quarterly cash dividends on our common stock for
61 consecutive years. Our Board of Directors has
increased the quarterly dividend rate on a periodic
basis 28 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 2020 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.
25
2020 ANNUAL REPORT
350 SOUTH GRAND AVENUE, SUITE 5100 | LOS ANGELES, CA 90071 | 213-687-7700 | RSAC.COM