Price: $320.6400
$1.39
0.435%
|
Day's High:
| $322.635
| Week Perf:
| 0.85 %
|
Day's Low: |
$ 316.98 |
30 Day Perf: |
8.82 % |
Volume (M): |
1,078 |
52 Wk High: |
$ 333.33 |
Volume (M$): |
$ 345,682 |
52 Wk Avg: |
$270.63 |
Open: |
$316.98 |
52 Wk Low: |
$229.12 |
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Market Capitalization (Millions $) |
18,920 |
Shares
Outstanding (Millions) |
59 |
Employees |
14,500 |
Revenues (TTM) (Millions $) |
14,806 |
Net Income (TTM) (Millions $) |
1,340 |
Cash Flow (TTM) (Millions $) |
-93 |
Capital Exp. (TTM) (Millions $) |
469 |
Reliance Inc
We are the largest metals service center company in North America (U.S. and
Canada). Our network of metals service centers operates more than 300 locations
in 39 states in the U.S. and in 12 other countries (Australia, Belgium, Canada,
China, France, Malaysia, Mexico, Singapore, South Korea, Turkey, the United
Arab Emirates and the United Kingdom). Through this network, we provide metals
processing services and distribute a full line of more than 100,000 metal products,
including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium
and specialty steel products, to more than 125,000 customers in a broad range
of industries. We focus on small orders with quick turnaround and increasing
levels of value-added processing.
Our primary business strategy is to provide the highest levels of quality and
service to our customers in the most efficient operational manner, allowing
us to maximize our financial results. Our growth strategy is based on increasing
our operating results through organic growth activities and strategic acquisitions
that enhance our product, customer and geographic diversification with a focus
on higher margin specialty products and value-added processing services. We
focus on improving the operating performance at acquired locations by integrating
them into our operational model and providing them access to capital and other
resources to promote growth and efficiencies. We believe our focused growth
strategy of diversifying our products, customers and geographic locations makes
us less vulnerable to regional or industry specific economic volatility and
somewhat lessens the negative impact of volatility experienced in commodity
pricing and cyclicality of our customer end markets, as well as general economic
trends. We also believe that our focus on servicing customers with small order
sizes and quick turnaround, along with our growth and diversification strategy
have been instrumental in our ability to produce industry-leading operating
results among publicly traded metals service center companies in North America.
Metals service centers acquire carbon steel, aluminum, stainless and alloy
steel and other metal products from primary metals producers and then process
these materials to meet customer specifications using techniques such as beam,
bar, pipe and tube cutting; bending, forming and shaping; coil and flat roll
processing; plate and sheet cutting; machining and various other specialized
services such as laser cutting, fabricating, and mechanical polishing, among
others. These processing services save our customers time, labor, and expense,
reducing their overall manufacturing costs. Specialized metals processing equipment
requires high-volume production to be cost effective. Many manufacturers and
their suppliers are not able or willing to invest in the necessary technology,
equipment, and warehousing of inventory to process the metals for their own
manufacturing or processing operations. Accordingly, industry dynamics have
created a niche in the market. Metals service centers purchase, process, and
deliver metals to end-users in a more efficient and cost-effective manner than
the end-user could achieve by dealing directly with the primary producer. Service
centers comprise the largest customer group for North American mills, buying
and reselling almost 50% of all the carbon, alloy, stainless and specialty steels,
aluminum, copper, brass, bronze and superalloys produced in the United States.
Metals service centers are generally less susceptible to market cycles than
metals producers because service centers are generally able to pass on all or
a portion of increases in metal costs to their customers, unless they are selling
to their customers on a fixed-price contractual basis. We believe that service
center companies, like Reliance, that emphasize rapid inventory turnover and
minimal contract sales, are generally less vulnerable to changing metals prices
than the metals producers. However, fluctuations in metal pricing have a significant
impact on our revenue and profit.
Customers purchase from service centers for a variety of reasons, including
the ability to obtain value-added metals processing, readily available inventory,
reliable and timely delivery, flexible minimum order size, and quality control.
Many customers deal exclusively with service centers because the quantities
of metal products that they purchase are smaller than the minimum orders specified
by mills or because those customers require intermittent deliveries over long
or irregular periods. Metals service centers respond to a niche market created
because of the focus on just-in-time inventory management and materials management
outsourcing in the capital goods and related industries, and because the larger
metal producers have reduced in-house direct sales efforts to small sporadic
purchasers to enhance their production efficiency. In general, metals service
center customers have placed increased emphasis on carrying lower amounts of
inventory, especially during declining price environments. Many customers have
also reduced their in-house processing, sourcing processed metal from service
centers like us, which has spurred some of our recent capital expenditures and
also contributed to improved gross profit margins.
Our executive officers maintain a control environment that is focused on integrity
and ethical behavior, establish general policies and operating guidelines and
monitor adherence to proper financial controls, while our division managers
and subsidiary officers have autonomy with respect to day-to-day operations.
This balanced yet entrepreneurial management style has enabled us to improve
the productivity and profitability of both our acquired businesses and of our
existing operations. Key management personnel are eligible for incentive compensation
based, in part, on the profitability of their particular division or subsidiary
and, in part, on the Company’s overall profitability.
Company Address: 16100 N. 71st Street, Suite 400 Scottsdale 85254 AZ
Company Phone Number: 564-5700 Stock Exchange / Ticker: NYSE RS
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Customers recorded net loss |
Customers recorded net loss |
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Stock Performances by Major Competitors |
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Reliance Inc
Reliance Steel & Aluminum Co. has made a significant move to expand its value-added processing capabilities by acquiring American Alloy Steel, Inc. This strategic acquisition highlights Reliance's commitment to enhancing its offerings and providing customers with a broader range of quality steel products. American Alloy Steel, a leading distributor of specialty carbon and alloy steel plate and round bar, brings with it a strong reputation and a successful track record in the industry. The acquisition of American Alloy Steel is expected to bolster Reliance's value-added processing capabilities, particularly in burning, cutting, rolling, and beveling. This will allow Reliance to better serve its customers and meet their evolving needs in various markets, including military, infrastructure, power generation, utility, refining, petrochemical, mining, shipbuilding, and marine applications.
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Merger and Acquisition
Published Wed, Feb 14 2024 11:50 AM UTC
Reliance Steel & Aluminum Co. Acquires American Alloy Steel, Inc. to Expand Value-added Processing Capabilities SCOTTSDALE, Ariz., Feb. 14, 2024 - Reliance Steel & Aluminum Co. (NYSE: RS), a renowned player in the iron and steel industry, has announced its definitive agreement to acquire American Alloy Steel, Inc. and all its related real estate assets. The Houston-based...
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Merger and Acquisition
Published Fri, Feb 2 2024 11:50 AM UTC
Reliance Steel & Aluminum Co. Acquires Cooksey Iron & Metal Co., Inc.: A Strategic Step towards Expansion and Market Dominance SCOTTSDALE, Ariz., Feb. 02, 2024 - Reliance Steel & Aluminum Co. (NYSE: RS), one of the largest metals service center companies in North America, has recently made a significant acquisition that is set to propel its growth and strengthen its posi...
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Reliance Steel And Aluminum Co
The third quarter of 2023 earnings season brought disappointing news for Reliance Steel And Aluminum Co, as both revenue and bottom-line witnessed a significant decline compared to the previous year. These figures have prompted concerns among investors and analysts, who are keenly monitoring the company's financial performance and future prospects. Earnings and Revenue Plummet In the third quarter of 2023, earnings per share fell by a staggering -22.64% to $4.99, while revenue decreased by -14.697% year-on-year. Revenue, which stood at $3.62 billion, paled in comparison to the $4.25 billion recorded in the corresponding timeframe the previous year. This signals a concerning trend for the company's financial health.
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Reliance Steel And Aluminum Co
Date: July 1, 2023 Byline: In its recently released Q2 financial report for 2023, Reliance Steel And Aluminum Co reported a decline in both top and bottom-line figures, underscoring the ongoing challenges faced by the Iron & Steel industry. The company's earnings per share (EPS) witnessed a significant drop of -29.07%, while revenue also experienced a decline of -17.109% on a year-on-year basis. The Q2 revenue stood at $3.88 billion, down from $4.68 billion in the same period last year. EPS for the quarter amounted to $6.49, compared to $9.15 in the second quarter of 2022. It is worth noting that while there was a marginal improvement of 0.93% in income from the previous quarter, reaching $6.43 per share, revenue saw a decrease of -2.144% from $3.97 billion.
|
Per Share |
Current |
Earnings (TTM) |
22.66 $ |
Revenues (TTM) |
250.92 $
|
Cash Flow (TTM) |
- |
Cash |
18.31 $
|
Book Value |
131.05 $
|
Dividend (TTM) |
0 $ |
|
Per Share |
|
Earnings (TTM) |
22.66 $
|
Revenues (TTM) |
250.92 $ |
Cash Flow (TTM) |
- |
Cash |
18.31 $
|
Book Value |
131.05 $ |
Dividend (TTM) |
0 $ |
|
|
|
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