Russel Metal Ord - RUSMF STOCK NEWS

Welcome to our dedicated page for Russel Metal Ord news (Ticker: RUSMF), a resource for investors and traders seeking the latest updates and insights on Russel Metal Ord stock.

Russel Metals Inc. (Russel Metals or the Company) is one of the largest metals distribution and processing companies in North America. The company primarily distributes steel products across Canada and the United States, serving a wide range of industries with a broad line of metal products. They purchase products from North American steel producers, package them according to customer needs, and provide processing and distribution services. With a focus on value-added processing, metals service centers, energy field stores, and steel distributors are the three principal business segments in which the company operates. The company is committed to ongoing investment initiatives, capital growth, and expanding its business through strategic acquisition opportunities.

12/04/2023 07:00 AM

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Russel Metals to Acquire Seven Service Centers in Western Canada and the US NE from Samuel, Son & Co., Limited

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Russel Metals Inc. (TSX: RUS) announces the acquisition of seven service center locations from Samuel, Son & Co., Limited for approximately $225 million, including $186 million of working capital. The transaction increases non-ferrous business and extends value-added processing capabilities in Western Canada and extends the geographic footprint into the US Northeast. The transaction is expected to close in the first or second quarter of 2024.

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11/08/2023 05:01 PM

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Russel Metals Announces 2023 Third Quarter Results

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RUS: Russel Metals Inc. Announces Q3 2023 Financial Results with $1.1 Billion in Revenues, $96 Million EBITDA, and $115 Million Cash Generated from Operating Activities. The company returned $45 million to shareholders through dividends and share buybacks, with Liquidity of $965 Million.

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10/05/2023 09:00 AM

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Russel Metals 2023 Third Quarter Results Conference Call

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Russel Metals to release 2023 Q3 results and host investor conference call

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09/05/2023 08:00 AM

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RUSSEL METALS CLOSES SALE OF ITS 50% EQUITY INTEREST IN TRIMARK

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Russel Metals Inc. closes sale of its 50% equity interest in TriMark Tubulars Ltd.

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08/11/2023 05:01 PM

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Russel Metals Announces Acceptance by TSX of Normal Course Issuer Bid

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07/31/2023 05:01 PM

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RUSSEL METALS TO SELL ITS 50% EQUITY INTEREST IN TRIMARK TO MARUBENI-ITOCHU

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07/05/2023 09:00 AM

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Russel Metals 2023 Second Quarter Results Conference Call

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Russel Metals Inc. will release its 2023 second quarter results on August 10, 2023, after the close of business at 5:00 p.m. ET. An Investor Conference Call will be held on August 11, 2023, at 9:00 a.m. ET to review the results. Dial-in numbers and a registration link are provided for participants. A replay of the call will be available until August 25, 2023.

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05/10/2023 11:30 AM

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Russel Metals Announces 2023 Annual Meeting Voting Results

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05/08/2023 05:01 PM

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Russel Metals Announces 2023 First Quarter Results

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04/04/2023 09:00 AM

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RUSSEL METALS 2023 FIRST QUARTER RESULTS CONFERENCE CALL

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Russel Metals will announce its first-quarter results for 2023 on May 8, 2023, at 5:00 p.m. ET. Following the release, an Investor Conference Call featuring Martin L. Juravsky and John G. Reid will take place on May 9, 2023, at 9:00 a.m. ET. Participants can register for the call via an online link or dial direct numbers provided for Toronto, U.S., and Canada. A replay of the call will be available until May 23, 2023, and participants will need a pass code to access it. For further inquiries, investors can contact the Investor Relations Department.

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FAQ

What is the current stock price of Russel Metal Ord (RUSMF)?

The current stock price of Russel Metal Ord (RUSMF) is $28.3 as of February 28, 2025.

What is the market cap of Russel Metal Ord (RUSMF)?

The market cap of Russel Metal Ord (RUSMF) is approximately 1.7B.

What does Russel Metals Inc. do?

Russel Metals Inc. is one of the largest metals distribution and processing companies in North America, primarily distributing steel products across Canada and the United States.

In which regions does Russel Metals Inc. operate?

Russel Metals Inc. services all major geographic regions of Canada and the southeastern and midwestern regions in the United States.

What are the principal business segments of Russel Metals Inc.?

The company operates in three main business segments: metals service centers, energy products, and steel distributors.

From where does Russel Metals Inc. source its products?

Russel Metals Inc. primarily purchases products from North American steel producers and packages and sells them to end users according to their specific needs.

What is Russel Metals Inc.'s approach to capital investment and growth initiatives?

Russel Metals Inc. actively invests in capital expenditures, such as value-added equipment and facility modernization initiatives in Canada and the U.S., to drive growth and expand its business.

How does Russel Metals Inc. return capital to its shareholders?

Russel Metals Inc. returns capital to shareholders through ongoing dividends and share buybacks, providing a balanced and flexible approach to capital allocation.

What are the expectations for steel prices and market conditions according to Russel Metals Inc.?

Russel Metals Inc. expects stable steel prices and improved shipment volumes in the near term, supported by growth in North American steel consumption and ongoing investment initiatives.

When will the Investor Conference Call be held by Russel Metals Inc.?

Russel Metals Inc. will be holding an Investor Conference Call on Friday, February 9, 2024, at 9:00 a.m. ET to review its 2023 fourth quarter results.

What is the latest update on Russel Metals Inc.'s acquisition transaction with Samuel, Son & Co., Limited?

Russel Metals Inc. has received a no-action letter from the Canadian Competition Bureau regarding the transaction with Samuel, Son & Co., Limited, and expects to close the full transaction in the third quarter of 2024, subject to completion of customary closing conditions.