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. (RUSMF) maintains this comprehensive news hub for investors and industry professionals tracking North American metals distribution developments. Our curated collection features official press releases and verified updates spanning the company's three core operations: metals service centers, energy products distribution, and steel wholesale operations.
Access timely updates on quarterly earnings disclosures, strategic acquisitions in the metals sector, operational expansions, and leadership announcements. This resource consolidates critical information for assessing market positioning and supply chain developments within the steel distribution industry.
Key updates include processing facility upgrades, inventory management innovations, and partnership agreements with industrial manufacturers. All content undergoes verification to ensure accuracy and relevance for financial analysis and procurement decision-making.
Bookmark this page for direct access to RUSMF's latest developments, or check back regularly to stay informed about North American metals distribution trends impacting multiple industrial sectors.
Russel Metals (TSX: RUS) has received TSX approval for a new Normal Course Issuer Bid (NCIB) program. The company can repurchase up to 5,542,173 common shares, representing 10% of its public float, between August 18, 2025, and August 17, 2026.
Daily purchases will be limited to 37,951 shares, or 25% of the average daily trading volume. Under its previous NCIB, Russel Metals purchased 2,389,419 shares at an average price of $40.25. The company will fund the buyback using existing cash resources or credit facilities, with all repurchased shares to be cancelled.
Russel Metals (TSX: RUS) reported strong Q2 2025 financial results with revenues reaching $1.2 billion, up 3% from Q1 2025 and marking the highest level since mid-2022. The company achieved EBITDA of $108 million, a 26% increase from Q1, with EBITDA margin expanding to 9.0%. Earnings per share grew to $1.07, up 43% quarter-over-quarter.
Key highlights include near-record shipments in metal service centers, improved energy field store performance, and strong capital returns to shareholders through $22 million in share buybacks and $24 million in dividends. The company maintains robust liquidity of $566 million and achieved an impressive 20% annualized return on capital.
Management expects some margin moderation and seasonal reduction in Q3 2025 activity but remains optimistic about medium-term growth driven by U.S. industrial manufacturing expansion and infrastructure investments.
Russel Metals (OTC:RUSMF) has scheduled its 2025 second quarter results conference call for Friday, August 8, 2025, at 9:00 a.m. ET. The company will release its Q2 2025 results the previous day after market close at 5:00 p.m. ET.
The conference call will be hosted by Martin L. Juravsky, Executive Vice President and CFO, and John G. Reid, President and CEO. Participants can join through an automated callback system or dial in directly using provided numbers for U.S., Canada, and international callers. A replay will be available until August 22, 2025.
Russel Metals (RUS: TSX) held its 2025 annual meeting of shareholders on May 7, 2025, with 60.91% of outstanding shares represented. All nine director nominees were successfully elected with strong approval ratings, ranging from 88.47% to 99.45%. The company's "say on pay" resolution received 79.38% approval, and KPMG LLP was confirmed as auditors.
Russel Metals operates as one of North America's largest metals distribution companies, focusing on three segments: metals service centers, energy field stores, and steel distributors. The company specializes in various metal products including carbon steel, pipe products, stainless steel, and aluminum.
Russel Metals has successfully extended and amended its credit facilities, marking significant improvements in its debt structure. The company has extended its $400 million revolving credit facility and $50 million letters of credit facility to April 30, 2029.
Key developments include:
- Removal of the springing lien provision
- Maintenance of unsecured facilities with no borrowing base restrictions
- Continuation of investment grade financial covenants
- Cancellation of $150 million sidecar bank facility following a $300 million issuance of 4.423% Notes due in 2030
According to CFO Martin L. Juravsky, these changes provide Russel with significant liquidity, flexible financial covenants, and low-cost term debt without financial covenants, supporting the company's ongoing strategic initiatives.
Russel Metals has announced its upcoming 2025 first quarter results conference call schedule. The company will release its Q1 2025 results on Tuesday, May 6, 2025, after market close at 5:00 p.m. ET.
The Investor Conference Call will be held on Wednesday, May 7, 2025, at 9:00 a.m. ET, featuring Martin L. Juravsky, Executive Vice President and CFO, and John G. Reid, President and CEO. Investors can join through automated registration or direct dial-in options.
A replay of the call will be available until Wednesday, May 21, 2025, with specific access codes and contact information provided for investor relations inquiries.
Russel Metals (TSX: RUS) has successfully completed its previously announced offering of $300 million aggregate principal amount of senior unsecured notes. The notes, rated BBB (low) with a stable trend by DBRS , carry a 4.423% interest rate and will mature in 2030. The company plans to utilize the net proceeds from this offering for general corporate purposes.
Russel Metals (TSX: RUS) has announced a $300 million offering of senior unsecured notes with a 4.423% coupon rate and five-year maturity, due in 2030. The notes have received a provisional BBB (low) rating with a stable trend from DBRS
The offering represents a strategic move to establish lower-cost term debt in the company's capital structure. The notes feature a flexible structure without financial or maintenance covenants and will rank equally with other unsecured and unsubordinated indebtedness.
The private placement is being led by RBC Capital Markets and Scotia Capital Inc. as Joint Lead Agents and Joint Bookrunners, with closing expected around March 28, 2025. The proceeds will be used for general corporate purposes.
Russel Metals reported financial results for Q4 and full-year 2024. The company achieved revenues of $4.3 billion in 2024 (down from $4.5B in 2023) and $1.0 billion in Q4 2024. EBITDA was $299 million for 2024 and $61 million for Q4.
Key highlights include: generating $344 million in cash from operating activities in 2024, completing two strategic acquisitions (Samuel's seven service centers and Tampa Bay Steel), investing $90 million in capital expenditures, and maintaining strong liquidity of $580 million. The company returned capital to shareholders through $98 million in dividends and $131 million in share repurchases.
Earnings per share decreased to $2.73 in 2024 from $4.33 in 2023. Gross margin was 20.9% in 2024 compared to 21.7% in 2023. The company completed facility modernizations and value-added equipment projects, focusing on expanding U.S. operations which now represent 39% of revenues.
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