Overview

* Russel Metals Q3 2025 revenue slightly beats analyst expectations at C$1.2 bln

* EPS for Q3 2025 was C$0.63, up from C$0.59 in Q3 2024

* Company announces acquisition of Kloeckner service centers for US$118.6 mln

Outlook

* Company expects fourth-quarter margins to be consistent with late third-quarter levels

* Russel Metals ( RUSMF ) anticipates seasonal reduction in shipments in fourth quarter due to holidays

* Company foresees benefits from U.S. industrial base rebuilding and infrastructure investments

Result Drivers

* ACQUISITIONS BOOST - Revenue increase attributed to full quarter contributions from 2024 acquisitions, including Samuel and Tampa Bay Steel

* GROSS MARGIN IMPROVEMENT - Average gross margin grew to 22.0% for the first nine months of 2025, up from 21.0% in the same period of 2024

* RESTRUCTURING COSTS - Q3 results negatively impacted by C$4 mln restructuring charge for Delta service center closure

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Slight C$1.2 C$1.19

Revenue Beat* bln bln (4

Analysts

)

Q3 EPS C$0.63

Q3 Net C$35 mln

Income

Q3 EBIT C$51.60

mln

Q3 C$75 mln

EBITDA

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)