Reliance Steel & Aluminum (RS)

Founded in 1939 and headquartered in Los Angeles, California, Reliance Steel & Aluminum Co. is a leading global diversified metal solutions provider and the largest metals service center company in North America. Through a network of approximately 300 locations in 40 states and 13 countries outside of the United States, Reliance provides value-added metals processing services and distributes a full line of over 100,000 metal products to more than 125,000 customers in a broad range of industries. Reliance focuses on small orders with quick turnaround and increasing levels of value-added processing. In 2020, Reliance's average order size was $1,910, approximately 49% of orders included value-added processing and approximately 40% of orders were delivered within 24 hours.

Company profile

Ticker

Exchange

NYSE

Website

www.rsac.com

CEO

James Hoffman

Incorporated

Delaware

Location

Arizona

Fiscal year end

Dec 31

Sector

Manufacturing > Iron and Steel Mills and Ferroalloy Manufacturing

Industry (SIC)

Wholesale - Metals Service Centers & Offices

Ryerson Holding • A. M. Castle & Co. • Olympic Steel • L.B. Foster • Greenwave Technology Solutions ...

SEC CIK

0000861884

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Admiral Metals Servicenter Company, Incorporated. • Acero Prime, S. de R.L. de C.V., a limited liability company • Alaska Steel Company • Aleaciones Especiales de Mexico • Allegheny Steel Distributors, Inc. • All Metal Services Limited • All Metal Services India Private Limited, a company limited • All Metal Services Ltd. • All Metal Services (Malaysia) Sdn. Bhd. • All Metals Processing & Logistics, Inc. ...

IRS number

951142616

RS stock data

1M 1Y 5Y

News

From Benzinga Pro

Recap: Reliance Steel & Aluminum Q2 Earnings

28 Jul 22

Reliance Steel & Aluminum (NYSE:RS) reported its Q2 earnings results on Thursday, July 28, 2022 at 06:50 AM. Here's what investors need to know about the announcement.

Reliance Steel & Aluminum Q2 EPS $9.15 Beats $9.01 Estimate, Sales $4.68B Beat $4.60B Estimate

28 Jul 22

Reliance Steel & Aluminum (NYSE:RS) reported quarterly earnings of $9.15 per share which beat the analyst consensus estimate of $9.01 by 1.55 percent. This is a 80.83 percent increase over earnings of $5.06 per share

Earnings Scheduled For July 28, 2022

28 Jul 22

Companies Reporting Before The Bell • ArcelorMittal (NYSE:MT) is estimated to report earnings for its second quarter.

Here's Why You Should Hold Onto Reliance Steel (RS) Stock For Now

14 Jul 22

Press releases

From Benzinga Pro

Reliance Steel & Aluminum Co. Reports Second Quarter 2022 Financial Results

28 Jul 22

- Record quarterly sales of $4.68 billion- Record quarterly gross profit of $1.50 billion driven by strong gross profit margin of 31.9%- Record quarterly pretax income of $762.6 million and margin of 16.3%- Record

Reliance Steel & Aluminum Co. to Announce Second Quarter 2022 Results on Thursday, July 28th

14 Jul 22

LOS ANGELES, July 14, 2022 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it will report second quarter 2022 financial results for the period ended June 30, 2022, on Thursday, July

Reliance Steel & Aluminum Co. Announces Executive Officer Retirement and Promotions

19 May 22

— Michael P. Shanley retiring as Senior Vice President, Operations — Stephen P. Koch promoted to Executive Vice President and Chief Operating Officer — Michael R. Hynes promoted to Senior Vice President, Operations

Calendar

4 Aug 22

12 Aug 22

31 Dec 22

Financial summary

Financial statements Chart RS financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	504.5M	504.5M	504.5M	504.5M	504.5M	504.5M
Cash burn (monthly)	14.5M	18.59M	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	20.99M	26.92M	n/a	n/a	n/a	n/a
Cash remaining	483.51M	477.58M	n/a	n/a	n/a	n/a
Runway (months of cash)	33.3	25.7	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

RS insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
10 Aug 22	Smith William A II	Common Stock	Sell	Dispose S	No	No	193.02	2,954	570.18K	16,314
6 Jul 22	Hoffman James Donald	Common Stock	Sell	Dispose S	No	Yes	170.51	627	106.91K	142,738
6 Jul 22	Hoffman James Donald	Common Stock	Sell	Dispose S	No	Yes	169.54	1,584	268.55K	143,365
6 Jul 22	Hoffman James Donald	Common Stock	Sell	Dispose S	No	Yes	168.62	1,500	252.93K	144,949
6 Jul 22	Hoffman James Donald	Common Stock	Sell	Dispose S	No	Yes	167.36	2,022	338.4K	146,449
6 Jul 22	Hoffman James Donald	Common Stock	Sell	Dispose S	No	Yes	166.63	4,267	711.01K	148,471
18 May 22	Baldwin Lisa	Common Stock	Grant	Acquire A	No	No	0	767	0	2,971
18 May 22	Colonias Karen Winifred	Common Stock	Grant	Acquire A	No	No	0	767	0	767

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

RS institutional ownership history Ownership history

79.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	457	415	+10.1%
Opened positions	80	54	+48.1%
Closed positions	38	57	-33.3%
Increased positions	149	123	+21.1%
Reduced positions	165	162	+1.9%

13F shares	Current	Prev Q	Change
Total value	9.43B	8.4B	+12.3%
Total shares	50.81M	51.22M	-0.8%
Total puts	112.2K	35.6K	+215.2%
Total calls	200.8K	129.3K	+55.3%
Total put/call ratio	0.6	0.3	+102.9%

Largest owners	Shares	Value	Change
Vanguard	7.4M	$1.36B	-0.7%
BLK Blackrock	6.37M	$1.17B	+6.5%
STT State Street	2.55M	$467.52M	+16.4%
Wellington Management	2.36M	$433.26M	-2.4%
Dimensional Fund Advisors	2.24M	$411.22M	+2.0%
Victory Capital Management	2M	$369M	-8.8%
TROW T. Rowe Price	1.72M	$315.9M	+3.4%
Acadian Asset Management	1.7M	$311.81M	-0.6%
Yacktman Asset Management	1.26M	$231.63M	+19.9%
LSV Asset Management	1.18M	$216.46M	-3.1%

Largest transactions	Shares	Bought/sold	Change
Cooke & Bieler	6.39K	-964.85K	-99.3%
Norges Bank	0	-627.75K	EXIT
Alliancebernstein	597.21K	-441.56K	-42.5%
BLK Blackrock	6.37M	+389.94K	+6.5%
STT State Street	2.55M	+359.36K	+16.4%
Ardevora Asset Management	324.5K	+324.5K	NEW
First Trust Advisors	515.74K	+282.48K	+121.1%
Nuveen Asset Management	619.11K	-231.64K	-27.2%
Citadel Advisors	216.03K	+216.03K	NEW
Envestnet Asset Management	378.09K	+211.15K	+126.5%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Canada

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: amidst, array, bolstered, challenging, conversion, demonstrating, elevated, macroeconomic, moderate, political, prove, rapid, recession, recessionary, slowdown, standard

Removed: aerospace, chain, energy, excluding, gain, guidance, inception, increasing, insignificant, location, modified, October, shipment, termination, transition, turn, variety

From filing 10-Q 2022 Q2

Financial reports

View all