Russel Metals says Q2 2026 earnings rise as higher steel prices lift margins and shipments hit record

Reuters2026/08/06 22:00

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Russel Metals posted record Q2 2026 revenue of CAD 1.7 billion, driven by strong market conditions, higher steel prices, and record metal service center shipments.
Adjusted EBITDA rose to CAD 154 million, supported by a higher gross margin of 22.6% and early margin improvement at the acquired Kloeckner branches.
Metal service center tons shipped hit a quarterly record at 510, up 6% sequentially, while gross margin per ton increased to CAD 529.
Kloeckner branches contributed CAD 213 million of revenue, CAD 16 million of EBITDA; first-half contribution was 13% of revenue, 10% of adjusted EBITDA.
Net earnings were CAD 78.5 million, or CAD 1.43 per share; net debt ended at CAD 144 million with total available liquidity of CAD 554 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Russel Metals Inc. published the original content used to generate this news brief on August 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Russel Metals says Q2 2026 earnings rise as higher steel prices lift margins and shipments hit record

You may also like

Crypto prices