Russel Metals Inc. Reports Strong First Quarter Results for 2025
TORONTO, May 6, 2025 — Russel Metals Inc. (TSX: RUS), a leading distribution company specializing in steel trading across North America, has announced its financial results for the first quarter of 2025. The company reported revenues of $1.2 billion, marking a significant increase from the previous year. EBITDA for the quarter stood at $86 million, reflecting robust operational performance.
Key Financial Highlights:
- Revenues: $1,174 million, up from $1,039 million in Q4 2024 and $1,061 million in Q1 2024.
- EBITDA: $86 million, compared to $61 million in Q4 2024 and $84 million in Q1 2024.
- Net Income: $43 million, an increase from $27 million in Q4 2024 but lower than $50 million in Q1 2024.
- Earnings per Share: $0.75, up from $0.47 in Q4 2024 and $0.82 in Q1 2024.
The company achieved record quarterly shipments, with a 14% increase from Q4 2024 and a 29% rise from Q1 2024. This growth underscores Russel Metals’ strong market position and operational efficiency.
Capital Management and Shareholder Returns:
Russel Metals has adopted a balanced approach to returning capital to shareholders. The company executed $25 million in share buybacks and distributed $24 million in dividends. Additionally, the quarterly dividend was increased by 2.4%, contributing to a cumulative increase of 13.2% since 2023.
Debt and Liquidity:
To strengthen its capital structure, Russel Metals issued $300 million in 4.423% senior unsecured notes and amended its credit facility. This strategic move has resulted in a strong capital structure with pro forma liquidity of $605 million.
Russel Metals Inc. continues to demonstrate resilience and strategic growth, positioning itself as a leader in the steel distribution industry. For more detailed information, stakeholders are encouraged to visit the company’s website at www.russelmetals.com .
All financial figures are reported in millions of Canadian dollars, except per share figures, which are in Canadian dollars.