Morningstar

Morningstar, Inc.

Equity Bottom-Up

Having updated our Reliance Steel &amp; Aluminum valuation model to reflect first-quarter results, we've raised our fair value estimate to $78 per share from $77 on higher 2019 profits. Our long-term outlook and no-moat rating are unchanged
The company is off to a stronger start than we had anticipated. First-quarter operating income grew 14% year on year to $281 million. Although shipment volumes declined, an increase in average selling prices drove higher sales. Our 2019 operating income…

United States

Reliance Steel & Aluminum Co. distributes and processes steel and aluminum. The Company's products include carbon, alloy, stainless and specialty steel, aluminum, brass, and copper.  Reliance operates processing and distribution centers throughout the United States. Reliance Steel & Aluminum operates in Spain.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00