Strengthening Our Core
16 RELIANCE STEEL & ALUMINUM CO.
CASH FLOW FROM OPERATIONS (IN MILLIONS)
are our most important assets and we are proud to announce that in 2017, we launched Reliance Cares, an employee relief fund available to any of our employees, worldwide, impacted by a natural disaster. In the wake of Hurricanes Harvey and Irma, Reliance Cares provided financial assistance to several of our impacted employees. Both demand and pricing have been strong thus far in 2018. Given the steel and aluminum tariffs put into effect by the U.S. Government, purchasing patterns and pricing have been more volatile than typical. Reliance will continue to focus on our core values and will navigate the current market conditions with a focus on servicing our customers while maximizing our gross profit margins and leveraging our strong position with domestic producers to improve our profitability and strong cash flows. Our repurchase of $25.0 million of our common stock during the fourth quarter of 2017 and the 11.1% increase in our quarterly dividend to total $2.00 annually, effective for the first quarter of 2018, reflect the confidence our Board and management team have in our outlook and ability to execute in the current favorable environment. We look forward to a successful year ahead.
$1,025.0
$633.3
$626.5
$399.0
$356.0
2013
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2015
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2017
Gregg J. Mollins | President and Chief Executive Officer
Karla R. Lewis | Senior Executive Vice President and Chief Financial Officer
James D. Hoffman | Executive Vice President and Chief Operating Officer
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