RS: Reliance Steel, Reliable Cash Flows
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 …
Reliance Steel & Aluminum Co. Declares 2008 Second Quarter …
Reliance Steel & Aluminum Co. Declares 2008 Second Quarter …
LOS ANGELES–(BUSINESS WIRE)–Reliance Steel & Aluminum Co. (NYSE:RS) announced today that on April 16, 2008, its Board of Directors declared a regular quarterly cash dividend of $.10.