RS: Reliance Steel, Reliable Cash Flows

Posted on April 24, 2008. Filed under: Reliance Steel & Aluminum | Tags: |

RS: Reliance Steel, Reliable Cash Flows
By William Trent
Over the last 12 months, free cash flow (cash flow from operations less capital expenditures) has come in at $540 million, or 12.2% of Reliance’s current market capitalization. In 2007, it used $270 million to grow via acquisition and …

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