Russel Metals Inc. (T:RUS)
Business Focus: Metal Service Centers
| Sector: Basic Materials | Industry: Iron & Steel |
| Company Contact | |
| Address: | 6600 Financial Dr MISSISSAUGA ON L5N 7J6 |
| Tel: | 1-905-8165178 |
| Website: | https://www.russelmetals.com/en |
| IR: | See website |
| Key People | ||
| John G. Reid President, Chief Executive Officer, Executive Director | Martin L. Juravsky Chief Financial Officer, Executive Vice President, Secretary | Ryan Wallace Macdermid Vice President - Risk Management and Legal |
| John F. Maclean Vice President - Service Center Operations | Daniel Bailey Director of Service Center Operations | |
| Business Overview |
| Russel Metals Inc. is a metals distribution company in North America with a growing focus on value-added processing. It carries on business in three segments: metals service centers, energy products and steel distributors. 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 and aluminum, and other non-ferrous specialty metals. Its energy field stores carry a specialized product line focused on the needs of energy industry customers. Its steel distributors operations act as master distributors selling steel in large volumes to other steel service centers and large equipment manufacturers. It provides processing and distribution services to a base of approximately 35,000 end users through a network of 45 Canadian locations and 23 United States locations. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Russel Metals Inc revenues decreased 11% to C$4.51B. Net income decreased 28% to C$266.7M. Revenues reflect Metals Service Centers segment decrease of 14% to C$3.03B, Steel Distributors segment decrease of 26% to C$466.3M, Canada segment decrease of 11% to C$2.72B, United States segment decrease of 11% to C$1.77B. Net income also reflects Metals Service Centers segment income decrease of 37% to C$202.5M. |
| Employees: | 3,501 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $2,175M as of Dec 31, 2023 |
| Annual revenue (TTM): | $4,505M as of Dec 31, 2023 |
| EBITDA (TTM): | $395.30M as of Dec 31, 2023 |
| Net annual income (TTM): | $266.70M as of Dec 31, 2023 |
| Free cash flow (TTM): | $291.80M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 60,084,926 as of Apr 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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