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 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.
Russel Metals Inc. will release its third-quarter results for 2022 on November 9, 2022, at 5:00 p.m. ET. An Investor Conference Call is scheduled for November 10, 2022, at 9:00 a.m. ET, featuring Martin L. Juravsky and John G. Reid. Interested participants can join via telephone at 416-764-8688 for international callers and 1-888-390-0546 for U.S. and Canadian callers. A replay will be available until November 24, 2022. For additional inquiries, contact the Investor Relations Department.
Russel Metals Inc. has received approval from the Toronto Stock Exchange to initiate a Normal Course Issuer Bid (NCIB) effective from August 16, 2022, until August 15, 2023, or when the maximum shares are purchased. The NCIB allows for the repurchase of up to 3,155,611 common shares, equating to 5% of current shares outstanding, using existing cash resources. Daily purchases are capped at 63,354 shares. This initiative aims to enhance shareholder value and will be subject to market conditions.
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