Strengthening Our Core

2 RELIANCE STEEL & ALUMINUM CO.

Reliance intentionally operates as a decentralized business of over 75 metal service center brands across 40 states and in 13 countries. Yet our managers in the field share a common goal: Reliance’s success. This is demonstrated through their excellent performance managing through pricing volatility, improving the quality and breadth of value- added services to customers, controlling expenses, and managing working capital. In 2017, this diligence contributed to the highest gross profit dollars in Reliance’s 78-year history and our second- highest net sales. We achieved a gross profit margin of 28.7% – near the high-end of our target range of 27% to 29% – and accomplished an inventory turn rate of 4.5 times, contributing to $399 million in cash flow from operations.

THE HIGHEST STANDARDS