05:12 PM EST, 02/12/2025 (MT Newswires) -- Russel Metals ( RUSMF ) after trade Wednesday reported lower fourth-quarter earnings on a drop in revenues amid "typical seasonal dynamic and the volatile macro-economic environment."

Russel posted a profit of $27 million, or $0.47 per share, down from $35 million, or $0.59, a year earlier.

Revenue fell to $1.04 billion, down from $1.09 billion

The company said its fourth quarter results were negatively impacted by $2 million in non-cash charges and a $2 million expense for the mark-to-market on stock-based compensation, and $1 million for transaction and transition costs for acquisitions and other non-recurring items.

The company's shares closed down $0.14 to $41.52 on the Toronto Stock Exchange.