Russel Metals Inc. (T:RUS)
Business Focus: Metal Service Centers
Mixed as of April 01, 2024
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Insider Filings
Latest 10 SEDI filings for RUS within the last 6 months
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Company News
Apr 15, 2024 17:01 ET
Russel Metals Provides an Update on its Transaction with Samuel, Son & Co., Limited
TORONTO, April 15, 2024 /CNW/ - Russel Metals Inc. (RUS: TSX) is providing an update with respect its previously announced transaction (the "Transaction") to acquire seven service center locations from Samuel, Son & Co., Limited ("Samuel"). The Competition Bureau's review of the Transaction is ongoing, and the Competition Bureau has advised Russel Metals and Samuel that it has concerns related to a narrow segment of product in a specific geography. Russel Metals and Samuel continue to engage constructively with the Competition Bureau in an effort to bring this matter to a resolution.
Apr 15, 2024 17:01 ET
Russel Metals Provides an Update on its Transaction with Samuel, Son & Co., Limited
TORONTO, April 15, 2024 /PRNewswire/ - Russel Metals Inc. (RUS: TSX) is providing an update with respect its previously announced transaction (the "Transaction") to acquire seven service center locations from Samuel, Son & Co., Limited ("Samuel"). The Competition Bureau's review of the Transaction is ongoing, and the Competition Bureau has advised Russel Metals and Samuel that it has concerns related to a narrow segment of product in a specific geography. Russel Metals and Samuel continue to engage constructively with the Competition Bureau in an effort to bring this matter to a resolu
Valuation Ratios
Industry
Sector
Beta
1.56
--
--
Price to Sales - TTM
0.53
0.53
4.51
Price to Book - most recent quarter
1.46
1.46
1.98
Price to Cash Flow per share - TTM
7.12
7.12
9.58
Price to Free Cash Flow per share - TTM
8.16
8.16
20.17
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Apr 15, 2024 | 376,733 | -78,196 |
| Mar 31, 2024 | 454,929 | -84,788 |
| Mar 15, 2024 | 539,717 | 264,801 |
Business Summary
| Sector: Basic Materials | Industry: Iron & Steel |
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.
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