David Hannah - Reliance Steel Executive Chairman

RS Stock  USD 336.90  5.52  1.67%   

Chairman

Mr. David H. Hannah is Director of Company. He was appointed a director of Reliance in 1992. Mr. Hannah served as Chief Executive Officer of Reliance from January 1999 to May 2015, Chairman of the Board from October 2007 to May 2015, Executive Chairman of the Board from May 2015 to July 2016, and Chairman Emeritus from July 2016 until his retirement in August 2016. Mr. Hannah served as President of Reliance from November 1995 to January 2002. Prior to that, he was Executive Vice President and Chief Financial Officer from 1992 to 1995, Vice President and Chief Financial Officer from 1990 to 1992 and Vice President and Division Manager of the Companys Los Angeles Reliance Steel Company division from 1989 to 1990. Mr. Hannah served as an officer of the Company from 1981 until his retirement in August 2016. For eight years before joining Reliance in 1981, Mr. Hannah was employed in various professional staff positions by Ernst Whinney . As the former Chief Executive Officer of the Company, Mr. Hannah has an indepth knowledge of the Companys operations and its strategic vision. He developed and implemented the Companys merger and acquisition growth strategy that has resulted in over 60 acquisitions since our initial public offering in September 1994. Mr. Hannahs financial background and business management experience enabled him to assess and value potential target companies. Mr. Hannah is well respected within the metals service center industry and by investors, financial institutions and credit rating agencies. He has proven his ability to raise capital for the Company in both debt and equity offerings and effectively led our management team for over 15 years. Mr. Hannah previously served as chairman of the board of directors of the Metals Service Center Institute. since 2016.
Age 68
Tenure 8 years
Address 16100 N. 71st Street, Scottsdale, AZ, United States, 85254
Phone480 564 5700
Webhttps://www.rsac.com

Reliance Steel Management Efficiency

The company has Return on Asset (ROA) of 0.1045 % which means that for every $100 of assets, it generated a profit of $0.1045. This is way below average. Likewise, it shows a return on total equity (ROE) of 0.1807 %, which means that it produced $0.1807 on every 100 dollars invested by current stockholders. Reliance Steel's management efficiency ratios could be used to measure how well Reliance Steel manages its routine affairs as well as how well it operates its assets and liabilities. Return On Assets is likely to gain to 0.13 in 2024, whereas Return On Capital Employed is likely to drop 0.11 in 2024. At this time, Reliance Steel's Asset Turnover is comparatively stable compared to the past year.
The company reports 1.38 B of total liabilities with total debt to equity ratio (D/E) of 0.27, which may suggest the company is not taking enough advantage from financial leverage. Reliance Steel Aluminum has a current ratio of 3.19, indicating that it is in good position to pay out its debt commitments in time. Debt can assist Reliance Steel until it has trouble settling it off, either with new capital or with free cash flow. So, Reliance Steel's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Reliance Steel Aluminum sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Reliance to invest in growth at high rates of return. When we think about Reliance Steel's use of debt, we should always consider it together with cash and equity.

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Reliance Steel Aluminum Co. operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company was founded in 19 and is headquartered in Los Angeles, California. Reliance Steel operates under Steel classification in the United States and is traded on New York Stock Exchange. It employs 13700 people. Reliance Steel Aluminum (RS) is traded on New York Stock Exchange in USA. It is located in 16100 N. 71st Street, Scottsdale, AZ, United States, 85254 and employs 15,000 people. Reliance Steel is listed under Metals & Mining category by Fama And French industry classification.

Management Performance

Reliance Steel Aluminum Leadership Team

Elected by the shareholders, the Reliance Steel's board of directors comprises two types of representatives: Reliance Steel inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Reliance. The board's role is to monitor Reliance Steel's management team and ensure that shareholders' interests are well served. Reliance Steel's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Reliance Steel's outside directors are responsible for providing unbiased perspectives on the board's policies.
Suzanne Bonner, Chief Information Officer, Vice President
William Smith, Senior Vice President General Counsel, Corporate Secretary
Mark Kaminski, Independent Non-Executive Chairman of the Board
Leslie Waite, Independent Director
Stephen Koch, Senior Vice President - Operations
Douglas Hayes, Lead Independent Director
Arthur Ajemyan, Chief Financial Officer, Vice President
Michael Hynes, Senior Operations
William Sales, Executive Vice President, Operations
Gregg Mollins, CEO and President and Director
Frank Dellaquila, Independent Director
Andrew Sharkey, Independent Director
Silva Yeghyayan, Vice President - Tax
Brian Yamaguchi, Vice President - Supplier Development
William II, General VP
Jeffrey Durham, Mr. Senior Vice President - Operations
Robert McEvoy, Independent Director
Sheldon Tenenbaum, Senior Vice President - Supplier Development
Sean Mollins, Senior Vice President - Operations
John Figueroa, Independent Director
Brenda Miyamoto, Vice President - Corporate Initiatives, Investor Relation Officer
David Hannah, Executive Chairman
David Seeger, Independent Director
Thomas Gimbel, Independent Director
Lisa Baldwin, Independent Director
Donald Prebola, Vice President, Health & Human Resources
Douglas Stotlar, Independent Director
James Hoffman, President, Chief Executive Officer, Director
Karen Colonias, Independent Director
Sarah Anderson, Independent Director
Karla Lewis, CFO, Executive Vice President Assistant Corporate Secretary
John Shatkus, Vice President - Internal Audit
Vandy Lupton, Vice Resources
Michael Shanley, Senior Vice President - Operations

Reliance Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Reliance Steel a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Reliance Steel Investors Sentiment

The influence of Reliance Steel's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Reliance. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Reliance Steel's public news can be used to forecast risks associated with an investment in Reliance. The trend in average sentiment can be used to explain how an investor holding Reliance can time the market purely based on public headlines and social activities around Reliance Steel Aluminum. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Reliance Steel's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Reliance Steel's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Reliance Steel's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Reliance Steel.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Reliance Steel in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Reliance Steel's short interest history, or implied volatility extrapolated from Reliance Steel options trading.

Currently Active Assets on Macroaxis

When determining whether Reliance Steel Aluminum is a strong investment it is important to analyze Reliance Steel's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Reliance Steel's future performance. For an informed investment choice regarding Reliance Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Steel Aluminum. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

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When running Reliance Steel's price analysis, check to measure Reliance Steel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Reliance Steel is operating at the current time. Most of Reliance Steel's value examination focuses on studying past and present price action to predict the probability of Reliance Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reliance Steel's price. Additionally, you may evaluate how the addition of Reliance Steel to your portfolios can decrease your overall portfolio volatility.
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Is Reliance Steel's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Reliance Steel. If investors know Reliance will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Reliance Steel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.20)
Dividend Share
4
Earnings Share
22.63
Revenue Per Share
253.839
Quarterly Revenue Growth
(0.08)
The market value of Reliance Steel Aluminum is measured differently than its book value, which is the value of Reliance that is recorded on the company's balance sheet. Investors also form their own opinion of Reliance Steel's value that differs from its market value or its book value, called intrinsic value, which is Reliance Steel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Reliance Steel's market value can be influenced by many factors that don't directly affect Reliance Steel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Reliance Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Reliance Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Reliance Steel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.