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Russel Metals Inc. (T:RUS)

Business Focus: Metal Service Centers

Sector:  Basic Materials Industry:  Steel
See Regulatory Filings on SEDAR
Company Contact
Address: 6600 Financial Dr
Tel: 1-905-8165178
IR: See website
Key People
James F. Dinning
Independent Chairman of the Board
John G. Reid
President, Chief Executive Officer, Director
Marion E. Britton
Chief Financial Officer, Executive Vice President, Secretary
Lesley M.S. Coleman
Vice President, Controller, Assistant Secretary
David J. Halcrow
Vice President - Purchasing and Inventory Management
Maureen A. Kelly
Vice President - Information Systems
John F. Maclean
Vice President, - Service Center Operations
Business Overview
Russel Metals Inc. is a metals distribution and processing company. The Company primarily distributes steel products. The Company operates through three segments: metals service centers, energy products and steel distributors. The Company provides processing and distribution services to a base of approximately 43,000 end users through a network of 50 locations in Canada and 14 locations in the United States. The Company's network of metals service centers carries a line of metal products in a range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals. The Company's energy products operations distribute oil country tubular goods (OCTG), line pipe, tubes, flanges, valves and fittings to the energy industry. The Company's steel distributors segment is engaged in selling steel to other steel service centers and equipment manufacturers.
Financial Overview
For the nine months ended 30 September 2019, Russel Metals Inc revenues decreased 7% to C$2.84B. Net income decreased 52% to C$83.2M. Revenues reflect Energy Products segment decrease of 17% to C$968.1M, Metals Service Centers segment decrease of 2% to C$1.55B, United States segment decrease of 18% to C$851.6M, Canada segment decrease of 1% to C$1.98B. Net income also reflects Metals Service Centers segment income decrease of 54% to C$64.9M.
Employees: 3,420 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $1,818M as of Sep 30, 2019
Annual revenue (TTM): $3,954M as of Sep 30, 2019
EBITDA (TTM): $257.70M as of Sep 30, 2019
Net annual income (TTM): $129.40M as of Sep 30, 2019
Free cash flow (TTM): $91.80M as of Sep 30, 2019
Net Debt Last Fiscal Year: $561.60M as of Sep 30, 2019
Shares outstanding: 62,173,430 as of Oct 4, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization