2011 News Releases


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10/27/11Reliance Steel & Aluminum Co. Reports Third Quarter Results
"Our balance sheet continues to be in excellent shape, with net debt-to-total capital of 31.0% at September 30, 2011. Even after borrowing to fund the acquisition of Continental, we have substantial remaining borrowing capacity with only $790 million of outstanding borrowings on our $1.5 billion credit facility at September 30, 2011." LOS ANGELES--(BUSINESS WIRE)--Reliance Steel & Aluminum Co. (NYSE:RS) reported today its financial results for the third quarter and nine months ended Septem... 
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10/13/11Reliance Steel & Aluminum Co. Hosts 2011 Third Quarter Conference Call Over the Internet
LOS ANGELES--(BUSINESS WIRE)--Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it will host a conference call that will be broadcast live over the Internet regarding the Company’s third quarter and nine months financial results for the period ended September 30, 2011. All interested parties are invited to listen to the web cast on Thursday, October 27, 2011 at 11:00 a.m. Eastern Time. The earnings release will be made available to the public at 9:00 a.m. Eastern Time that same da... 
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08/03/11Reliance Steel & Aluminum Co. Acquires Continental Alloys & Services, Inc.
"We are pleased to join the Reliance network and look forward to the opportunities this will bring to our customers and our employees." LOS ANGELES--(BUSINESS WIRE)--Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it has completed the acquisition of all the outstanding capital securities of Continental Alloys & Services, Inc., and certain affiliated companies, for a transaction value of $415 million, subject to certain adjustments. Other terms were not disclosed. Continental... 
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07/28/11Reliance Steel & Aluminum Co. Reports Second Quarter Results Sales Up 26%, Net Income Up 60%, EPS Up 58%
LOS ANGELES--(BUSINESS WIRE)--Reliance Steel & Aluminum Co. (NYSE:RS) reported today its financial results for the second quarter and six months ended June 30, 2011. For the 2011 second quarter, Reliance reported net income of $98.7 million, up 60% from 2010 second quarter net income of $61.5 million, and up 7% from $92.3 million in the 2011 first quarter. Earnings per diluted share were $1.31 in the 2011 second quarter, up 58% from 2010 second quarter earnings per diluted share of $.83 and up 7... 
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07/27/11Reliance Steel & Aluminum Co. Announces a New $1.5 Billion Credit Facility
LOS ANGELES--(BUSINESS WIRE)--Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it has amended and restated its existing $1.1 billion unsecured revolving credit facility for five years and increased the size to $1.5 billion. The restated credit facility includes an increase option for up to an additional $500 million and includes more favorable pricing terms than the Company’s prior facility that would have matured on November 20, 2012. David H. Hannah, Chairman and CEO of Relia... 
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07/15/11Reliance Steel & Aluminum Co. Hosts 2011 Second Quarter Conference Call over the Internet
"Platinum 400 List of America’s Best Big Companies." LOS ANGELES--(BUSINESS WIRE)--Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it will host a conference call that will be broadcast live over the Internet regarding the Company’s second quarter and six months financial results for the period ended June 30, 2011. All interested parties are invited to listen to the web cast on Thursday, July 28, 2011 at 11:00 a.m. Eastern Time. The earnings release will be made available to th... 
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07/14/11Reliance Steel & Aluminum Co. Agrees to Acquire Continental Alloys & Services, Inc.
"Platinum 400 List of America’s Best Big Companies." LOS ANGELES--(BUSINESS WIRE)--Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it has reached an agreement to purchase all of the outstanding capital securities of Continental Alloys & Services, Inc., headquartered in Houston, Texas and certain affiliated companies. Continental is a leading global materials management company focused on high-end steel and alloy pipe, tube and bar products and precision manufacturing of vari... 
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04/28/11Reliance Steel & Aluminum Co. Reports First Quarter Results
"Our balance sheet is in excellent shape, with net debt-to-total capital at 25.7% and $715 million available on our $1.1 billion credit facility. We continued to manage our working capital well, with an inventory turnover rate of five times based on tons and 4.8 times based on dollars for the 2011 first quarter," LOS ANGELES--(BUSINESS WIRE)--Reliance Steel & Aluminum Co. (NYSE:RS) reported today its financial results for the first quarter ended March 31, 2011. For the 2011 first quarter, ... 
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04/14/11Reliance Steel & Aluminum Co. Hosts 2011 First Quarter Conference Call over the Internet
"Platinum 400 List of America’s Best Big Companies." LOS ANGELES--(BUSINESS WIRE)--Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it will host a conference call that will be broadcast live over the Internet regarding the Company’s first quarter financial results for the period ended March 31, 2011. All interested parties are invited to listen to the web cast on Thursday, April 28, 2011 at 11:00 a.m. Eastern Time. The earnings release will be made available to the public at 9:... 
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02/17/11Reliance Steel & Aluminum Co. Reports 2010 Fourth Quarter and Year End Financial Results; Q4 EPS - $.53; 2010 EPS - $2.61
"Our strongest markets during 2010 were in energy, oil and gas; semiconductor and electronics; aerospace; agriculture and our toll processing business which is primarily related to the auto and appliance industries. Non-residential construction was our most difficult area last year," LOS ANGELES--(BUSINESS WIRE)--Reliance Steel & Aluminum Co. (NYSE:RS) reported today its financial results for the fourth quarter and year ended December 31, 2010. For the 2010 fourth quarter, Reliance reporte... 
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02/03/11Reliance Steel & Aluminum Co. Hosts 2010 Fourth Quarter and Year End Conference Call over the Internet
"Platinum 400 List of America’s Best Big Companies." LOS ANGELES--(BUSINESS WIRE)--Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it will host a conference call that will be broadcast live over the Internet regarding the Company’s fourth quarter and twelve months financial results for the period ended December 31, 2010. All interested parties are invited to listen to the web cast on Thursday, February 17, 2011 at 11:00 a.m. Eastern Time. The earnings release will be made avai... 
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