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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 35,000 end users through a network of over 49 locations in Canada and over 16 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 three months ended 31 March 2020, Russel Metals Inc revenues decreased 21% to C$814.7M. Net income decreased 69% to C$10.5M. Revenues reflect Metals Service Centers segment decrease of 19% to C$436.6M, Steel Distributors segment decrease of 49% to C$62.4M, Energy Products segment decrease of 15% to C$315.5M, Canada segment decrease of 23% to C$546.8M, United States segment decrease of 17% to C$267.7M.
Employees: 3,400 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $1,689M as of Mar 31, 2020
Annual revenue (TTM): $3,458M as of Mar 31, 2020
EBITDA (TTM): $170.40M as of Mar 31, 2020
Net annual income (TTM): $52.80M as of Mar 31, 2020
Free cash flow (TTM): $192.70M as of Mar 31, 2020
Net Debt Last Fiscal Year: $559.50M as of Mar 31, 2020
Shares outstanding: 62,184,978 as of Mar 31, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization