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) generates a steady flow of news as one of the largest metals distribution companies in North America. The company operates through metals service centers, energy field stores and steel distributors, and its disclosures frequently highlight how these segments respond to changes in metal prices, tariffs and industrial activity.
On this page, readers can follow Russel Metals’ press releases covering quarterly financial results, capital allocation decisions and balance sheet developments. The company regularly reports revenues, EBITDA, gross margins and return on capital, along with detailed commentary on market conditions for steel and aluminum products. Updates often explain how tariffs, seasonal patterns and demand in Canada and the U.S. influence shipment levels and margins across its segments.
Russel Metals’ news also includes announcements about its normal course issuer bid, share repurchases and dividends, reflecting its stated flexible approach to returning capital to shareholders. In addition, the company issues notices and summaries of investor conference calls where management reviews quarterly performance and discusses outlook commentary and risk factors.
Another recurring theme in Russel Metals’ news flow is its capital structure and growth initiatives. Releases describe extensions and amendments to credit facilities, the issuance of investment grade senior unsecured notes, and agreements to acquire metals service center locations that complement its North American footprint. By monitoring these updates, investors can see how Russel Metals is investing in value‑added processing, facility modernizations and acquisitions while managing liquidity and debt.
For anyone tracking RUSMF, this news feed provides direct access to the company’s own descriptions of its operations, financial performance, market environment and strategic actions over time.
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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.
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.
Russel Metals Inc. has announced a dividend of CA$0.38 per share on its common shares, scheduled for payment on September 15, 2022. Shareholders of record by close of business on August 29, 2022 will be eligible. This marks the 82nd consecutive quarterly dividend declared by the company, showcasing its commitment to returning value to shareholders. Russel Metals operates primarily in the metals distribution sector with a focus on value-added processing.
Russel Metals Inc. reported record revenues of $1,362 million for the three months ended June 30, 2022, up from $1,068 million in Q2 2021. EBITDA rose to $189 million, compared to $178 million a year earlier. Net earnings increased to $124 million, yielding earnings per share of $1.96. The liquidity remained strong at $472 million. The company plans a normal course issuer bid to repurchase 5% of outstanding shares. The outlook suggests potential pressure on gross margins due to moderating steel prices.
Russel Metals will announce its 2022 second quarter results on August 10, 2022, at 5:00 p.m. ET. An investor conference call led by CFO Martin L. Juravsky and CEO John G. Reid will take place on August 11, 2022, at 9:00 a.m. ET. Investors can dial 416-764-8688 (Toronto & International) or 1-888-390-0546 (U.S. & Canada) to join the call. A replay will be accessible by dialing 416-764-8677 or 1-888-390-0541 until August 25, 2022, using pass code 673428#.
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