Reliance, Inc. (RS) Presents at Jefferies Mining and Industrials

Albert Realini
Equity Associate

Good afternoon, everybody. My name is Albert Realini. I work on the Jefferies Equity Research team covering the Metals & Mining sector. Today, we have the pleasure being joined by Reliance Inc. We have CEO, Karla Lewis; and COO, Stephen Koch. The format today is we’re going to open up with a brief presentation from Karla on Reliance, and then we’ll open it up to Q&A in the room.

Karla Lewis
President, CEO & Director

All right. Thank you. Thanks, Albert, and thanks to Jefferies for having us here, tell you a little bit about our company. So at Reliance, we’re a metal service center company. So primarily processing and distribution of metals. We were founded in Los Angeles in 1939. So we’ve been around over 85 years. We currently have about 320 locations, predominantly in the U.S., North America, but we do have some international locations. We’ve grown quite a bit over the years with a focus on being diversified, selling over 100,000 metal products to over 125,000 customers. We kind of operate ourselves, and I’ll talk a little more about this as we go along in a decentralized manner and a lot through acquisitions. So we do keep the brand names in place. And so a lot of people don’t know who Reliance is. They know our — from a market standpoint, they know more who are — they know more who our individual companies are that they’re buying from every day. We think there’s value in the companies we acquire. And we talk about our differentiated approach, we think, is a little different than some of the other larger service center companies. As I mentioned, we really focus on diversification. I think we have