Welcome to our dedicated page for RUSSEL METALS news (Ticker: RUSMF), a resource for investors and traders seeking the latest updates and insights on RUSSEL METALS 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.
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.
Russel Metals will release its 2022 year-end and fourth-quarter results on February 9, 2023, at 5:00 p.m. ET. Following this, an Investor Conference Call will occur on February 10, 2023, at 9:00 a.m. ET, featuring Martin L. Juravsky, CFO, and John G. Reid, CEO. Investors can dial in using 416-764-8688 for international calls and 1-888-390-0546 for U.S. and Canadian callers. A replay of the call will be available until February 24, 2023, for those who wish to listen again.
Russel Metals Inc. reported its financial results for Q3 2022, achieving revenues of $1.27 billion, a notable increase from $1.11 billion in Q3 2021. However, EBITDA fell to $140 million from $196 million in the previous year.
Net earnings decreased to $91 million, with earnings per share at $1.45, down from $2.10. The company announced $24 million in dividends and repurchased $16 million of shares. Liquidity stood strong at $541 million.
FAQ
What is the current stock price of RUSSEL METALS (RUSMF)?
What is the market cap of RUSSEL METALS (RUSMF)?
What does Russel Metals Inc. do?
In which regions does Russel Metals Inc. operate?
What are the principal business segments of Russel Metals Inc.?
From where does Russel Metals Inc. source its products?
What is Russel Metals Inc.'s approach to capital investment and growth initiatives?
How does Russel Metals Inc. return capital to its shareholders?
What are the expectations for steel prices and market conditions according to Russel Metals Inc.?
When will the Investor Conference Call be held by Russel Metals Inc.?
What is the latest update on Russel Metals Inc.'s acquisition transaction with Samuel, Son & Co., Limited?
Where can I find more information about Russel Metals Inc.?
