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9

Even in challenging times,

Reliance continues to deliver

quality products and services

– and does so profitably –

thanks to the expertise of our

management and solid execution

by our workforce. Our operational

agility helps us navigate volatile

metals pricing, changing market

conditions, and fluctuations at

any point along our supply chain.

The results: a strong corporate

balance sheet and consistent

returns to our stockholders.

We remain focused on our

balanced capital allocation

strategy: growth through

acquisitions and organic

investments, while also providing

meaningful stockholder returns.

This includes quarterly cash

dividends, which Reliance has

paid for 57 consecutive years. In

2016, we increased our dividend

– for the 24th time since our IPO –

5.9% to $0.45 per share.