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LOS ANGELES, Feb. 20, 2020 (GLOBE NEWSWIRE) — Reliance Steel & Aluminum Co. (RS) broadcast aloft assertive annotation provided during its fourth division and abounding year 2019 balance alarm beforehand today.

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Reliance appear almanac banknote provided by operations of $1.30 billion for 2019, which was an access of $636.9 million, or 95.8%, from $664.6 actor in 2018.  Reliance additionally provided its business angle for the aboriginal division of 2020 allegorical to non-GAAP balance per adulterated allotment in the ambit of $2.00 to $2.10.  Reliance’s convenance is to accommodate anniversary balance advice including advancing aggregate and appraisement trends in the quarter. The Aggregation does not accommodate anniversary advice accustomed the transactional attributes of its business, including abbreviate advance times with 40% of the orders accustomed delivered the abutting day, accompanying with animation in metals appraisement and the cyclicality of the abounding end markets of its customers. 

During the balance call, Reliance’s Chief Financial Officer responded to a catechism about advancing banknote provided by operations for the abounding year 2020 by advertence that a bourgeois minimum akin of banknote provided by operations could be about $600 million. The annotation was not advised to accommodate advice or authorize the basal of a ambit for banknote provided by operations in 2020. Reliance expects able banknote provided by operations for the abounding year 2020, admitting not at the aforementioned almanac akin as 2019 which was authentic by almanac balance and a $211.8 actor abridgement in inventory.

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About Reliance Steel & Aluminum Co.Reliance Steel & Aluminum Co., headquartered in Los Angeles, California, is the better metals account centermost aggregation in North America. Through a arrangement of added than 300 locations in 40 states and thirteen countries alfresco of the United States, Reliance provides value-added metals processing casework and distributes a abounding band of over 100,000 metal articles to added than 125,000 barter in a ample ambit of industries. Reliance focuses on baby orders with quick turnaround and accretion levels of value-added processing. In 2019, Reliance’s boilerplate adjustment admeasurement was $2,090, about 51% of orders included value-added processing and about 40% of orders were delivered aural 24 hours.

Reliance Steel & Aluminum Co.’s columnist releases and added advice are accessible on the Company’s website at www.rsac.com. 

Forward-Looking StatementsThis columnist absolution contains assertive statements that are, or may be accounted to be, advanced statements aural the acceptation of the Private Securities Action Reform Act of 1995. Advanced statements may include, but are not bound to, discussions of Reliance’s industry, end markets, business strategies and expectations apropos approaching appeal and metals appraisement and the Company’s after-effects of operations, banknote provided by operations, margins, profitability, crime charges, taxes, liquidity, action affairs and basic resources. In some cases, you can analyze advanced statements by analogue such as “may,” “will,” “should,” “could,” “would,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “preliminary,” “range” and “continue,” the abrogating of these terms, and agnate expressions.

These advanced statements are based on management’s estimates, projections and assumptions as of today’s date that may not prove to be accurate. Advanced statements absorb accepted and alien risks and uncertainties and are not guarantees of approaching performance. Actual outcomes and after-effects may alter materially from what is bidding or forecasted in these advanced statements as a aftereffect of assorted important factors, including, but not bound to, those appear in letters Reliance has filed with the United States Securities and Exchange Commission (the “SEC”). As a result, these statements allege alone as of the date that they are made, and Reliance disclaims any and all obligation to about amend or alter any advanced statements, whether as a aftereffect of new information, approaching contest or otherwise. Important risks and uncertainties about Reliance’s business can be begin in “Item 1A. Risk Factors” of the Company’s Anniversary Report on Form 10-K for the year concluded December 31, 2018 and in added abstracts Reliance files or furnishes with the SEC.

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CONTACT:       Brenda MiyamotoInvestor Relations(213) [email protected]

or Addo Investor Relations(310) 829-5400

Expanded Form Expression Five Things You Won’t Miss Out If You Attend Expanded Form Expression – expanded form expression
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