Reliance Steel & Aluminum Co.

Reliance Steel & Aluminum Co.

Reliance Steel & Aluminum Co.

Overview
Date Founded

2015

Headquarters

350 South Grand Avenue, Suite 5100, Los Angeles, CA, 90071, USA

Type of Company

Public

Employees (Worldwide)

15.3K

Industries

Wholesale: Industrial Products & Manufacturing
Metal Manufacturing & Products

Company Description

Reliance Steel & Aluminum Co. engages in the provision of metals processing services and distribution of metal products. It offers alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products. The company was founded by Thomas J. Neilan on February 3, 1939 and is headquartered in Los Angeles, CA.

Contact Data
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Executives & Employees

President & Chief Executive Officer

Chief Financial Officer, Senior Executive Vice President, Assistant Secretary

Senior Vice President, General Counsel & Corporate Secretary

Vice President & Chief Information Officer

Vice President, Corporate Controller & Principal Accounting Officer

Executive Vice President-Operations

Senior Vice President, Operations

Senior Vice President, Operations

Senior Vice President, Operations

Vice President, Corporate Initiatives

Board of Directors

Executive Chairman at Graniterock Co.

Director & Vice President at Sunbelt Steel Texas, Inc.

President & Chief Executive Officer at Simpson Manufacturing Co., Inc.

Chief Executive Officer at Genoa, A Qol Healthcare Co. LLC

Former President & Chief Executive Officer at Con-Way, Inc.

Director Emeritus at Pacific Symphony

Former President & Chief Executive Officer at American Iron & Steel Institute, Inc.

Chief Information Officer at Tiffany & Co.

President & Chief Executive Officer at Reliance Steel & Aluminum Co.

Former Managing Director at The Goldman Sachs Group, Inc.

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Owners & Shareholders
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Acadian primarily utilizes systemic, quantitative investment processes to manage equity strategies on behalf of their clients and to construct model portfolios. The firm seeks to identify stocks with active return potential by evaluating them across a multitude of stock characteristics that Acadian considers to be informative. The process uses both top-down and bottom-up signals that encompass not only fundamental valuation factors but also measures of earnings trends, price movements, quality metrics and other factors.

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Cooke & Bieler employs a traditional, conservative, domestic equity, value investment strategy. They generally employ a long-term approach, rather than engaging in trading or speculative investment strategies. Cooke & Bieler are active, bottom-up managers who study the fundamental characteristics of companies and the industries in which they operate to reach a conclusion on their quality and intrinsic value. Their security analysis also emphasizes research meetings and interviews with corporate management. The firm seeks to take advantage of short-term but fixable problems, either industry-wide or in specific investee companies. The quality characteristics they insist on allow management time to fix internal issues, to outlast competitors in consolidating industries, or to take advantage of economic cycles. Cooke & Bieler believes that their explicit focus on price and quality differentiates them from other value oriented managers. They base their valuation on ten years of projected cash flow plus a terminal value, and our historical holding period has been 3 to 5 years. Cooke & Bieler provide investment advice with respect to the following strategies: Large Cap Value, Mid Cap Value, All Cap Value, Small Cap Value, SMID Cap Value and Balanced.

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Royce & Associates invests clients’ assets primarily in the equity securities of US and foreign companies at all capitalization levels using its disciplined valuation-based investment approach. A significant portion of clients’ assets are invested in the securities of micro-, small-, and mid-cap companies. The firm employs active, bottom-up, risk-conscious, and fundamental investment approach. Royce & Associates’ investment styles focuses on companies with specific attributes including, attractive valuations, premium quality companies, or companies with significant growth potential.

Recent Transactions
Details Hidden

purchases Ohio River Metal Services, Inc. from Reliance Steel & Aluminum Co.

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Reliance Steel & Aluminum Co. purchases Fry Steel Co.

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Reliance Steel & Aluminum Co. purchases All Metals Processing & Logistics, Inc. from Triangle Capital Corp. (Private Equity), OFS Capital Management LLC, Logic Ventures LLC

Insider Transactions
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Transaction Advisors
Accountant

Advised onReliance Steel & Aluminum Co. purchases Precision Strip, Inc.

Legal Advisor

Advised onReliance Steel & Aluminum Co. purchases Precision Strip, Inc.

Legal Advisor

Advised onReliance Steel & Aluminum Co. purchases Metals USA Holdings Corp. from Apollo Global Management, Inc., Apollo Investment Management Ltd.

Legal Advisor

Advised onReliance Steel & Aluminum Co. purchases Metals USA Holdings Corp. from Apollo Global Management, Inc., Apollo Investment Management Ltd.

Legal Advisor

Advised onReliance Steel & Aluminum Co. purchases Metals USA Holdings Corp. from Apollo Global Management, Inc., Apollo Investment Management Ltd.

Counsel

Advised onReliance Steel & Aluminum Co. purchases Metals USA Holdings Corp. from Apollo Global Management, Inc., Apollo Investment Management Ltd.

Advisors & Consultants
Legal Advisor

Partner at Davis Polk & Wardwell LLP

Clients

Lockheed Martin Corp. operates as a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS) and Space. The Aeronautics segment researches, designs, develops, manufactures, integrates, sustains, supports, and upgrades advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles, and related technologies. The MFC segment provides air and missile defence systems; tactical missiles and air-to-ground precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support and integration services; manned and unmanned ground vehicles; and energy management solutions. The RMS segment offers design, manufacture, service, and support for a variety of military and commercial helicopters; ship and submarine mission and combat systems; mission systems and sensors for rotary and fixed-wing aircraft; sea and land-based missile defence systems; radar systems; the Littoral Combat Ship; simulation and training services; and unmanned systems and technologies. The Space segment comprises of the research and development, design, engineering and production of satellites, strategic, and defensive missile systems and space transportation systems. The company was founded in 1961 and is headquartered in Bethesda, MD.

BAE Systems is a global defence, aerospace and security company employing around 93,500 people worldwide. Our wide-ranging products and services cover air, land and naval forces, as well as advanced electronics, security, information technology, and support services.

Key Stats and Financials As of 2019
Market Capitalization
$7.51B
Total Enterprise Value
$9.75B
Earnings Per Share
$10.34
Revenue
$11B
Enterprise Value / Sales
0.89x
TEVNet Income
13.9x
Debt TEV
0.18x
Total Equity
$5.21B
Total Debt
$1.79B
Net Profit
$702M
EBITDAMargin
11.24%
Enterprise Value EBITDAOperating
7.74x
EBITDA
$1.23B
Three Year Compounded Annual Growth Rate Of Revenue
8.41%
Non-Profit Donations & Grants
Suppliers
Kaiser Aluminum Corp. Automobiles | Foothill Ranch, California

Kaiser Aluminum Corp. engages in the manufacture and sale of semi-fabricated specialty aluminum products. The firm caters aerospace, general engineering, automotive, and custom industrial applications. The company was founded by Henry J. Kaiser in 1946 and is headquartered in Foothill Ranch, CA.

Universal Stainless & Alloy Products, Inc. engages in the manufacture and marketing of semi-finished and finished specialty steels, including stainless steel, nickel alloys, tool steel and certain other alloyed steels. Its products include specialty bar, forging quality billet, ingots, plate, specialty shapes and coil products, which are sold to service centers, forgers, rerollers and original equipment manufacturers. The company was founded in 1994 and is headquartered in Bridgeville, PA.

Nucor Corporation Engineering, Construction & Architecture | Charlotte, NC

Nucor Corp. engages in the manufacturing of steel and steel products. It operates through the following segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment comprises carbon and alloy steel in sheet, bars; structural and plate; steel trading businesses; rebar distribution businesses; and Nucor's equity method investments. The Steel Products segment includes steel joists and joist girders, steel deck, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, metal building systems, steel grating, tubular products businesses, piling products business, and wire and wire mesh. The Raw Materials segment consists direct reduced iron, and ferrous and nonferrous metals. The company was founded by Ransom E. Olds in 1905 and is headquartered in Charlotte, NC.

Competitors
Olympic Steel, Inc. Metal Manufacturing & Products - Bedford Heights, OH

When Olympic Steel was founded in 1954, our business focused on warehousing and distribution of steel from a single facility with no major processing equipment. Today, our enterprise has an enormously wider range, focused on growth, geographic and customer diversity and the value-added processing of flat-rolled metals. Headquartered in Cleveland, Ohio, our company operates strategically positioned production facilities that effectively serve customers in most metal intensive industries. By being attentive to the principles of good business, we have succeeded in helping customers effectively compete in today's marketplace. In fact, a significant portion of Olympic Steel's business comes from established customers. Customers that know and trust us for service, quality and comprehensive solutions.

Worthington Industries, Inc. Metal Manufacturing & Products - Columbus, OH

Worthington Industries (NYSE: WOR) is a global company that processes steel for use in the automotive, construction, hardware, aerospace and many other industries. Our family of 10,000 employees in 82 facilities throughout 11 countries has helped us earn the respect of our customers, our communities and our industry. With systems developed to conform to international standards for quality, environmental management and occupational health and safety, we consistently rank at the top of the Jacobson & Associates Survey, which ranks customer satisfaction among major steel suppliers. With sales of approximately $2.5 billion annually, our company is North America's premier value-added steel processor and a leader in manufactured pressure cylinders, such as propane, oxygen and helium tanks, hand torches, refrigerant and industrial cylinders, camping cylinders, compressed natural gas storage cylinders and scuba tanks; framing systems and stairs for mid-rise buildings; steel pallets and racks. Since 1955, Worthington Industries and its employees have lived a customer-centered philosophy, based on the Golden Rule. We often describe our company as "stability in motion," meaning our customers can trust us for old-fashioned quality, reliability and superior service, but also can look to us for dynamic innovation. This attitude toward our customers, our employees and our shareholders has earned us the honor of being named one of the Most Admired Companies in our industry by Fortune magazine. In 2003, we were honored as one of the 30 best performing stocks of the past 30 years by Money magazine. Fortune magazine has listed us as one of the 100 Best Companies to Work for in America four times and Forbes magazine named us one of America's Best Big Companies in 2001 and 2004 and one of America's Best Managed Companies in 2005

Ryerson Holding Corp. Wholesale: Industrial Products & Manufacturing - Chicago, IL

Ryerson Holding Corp. engages in the processing and distribution of industrial metals. It processes and distributes products in stainless steel, aluminum carbon steel and alloy steels and a limited line of nickel and red metals in various shapes and forms. The firm serves end-markets including oil and gas, industrial equipment, transportation equipment, heavy equipment and electrical machinery; and also offers value-added processing and fabrication services such as sawing, slitting, blanking, cutting to length, leveling, flame cutting, laser cutting, edge trimming, edge rolling, roll forming, tube manufacturing, polishing, shearing, forming, stamping, punching, rolling shell plate to radius. The company was founded on July 24, 2007 and is headquartered in Chicago, IL.

Awards & Honors
Rank #303
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #303
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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