RUSSEL METALS ANNOUNCES 2025 SECOND QUARTER RESULTS
Russel Metals (TSX: RUS) reported strong Q2 2025 financial results with revenues reaching $1.2 billion, up 3% from Q1 2025 and marking the highest level since mid-2022. The company achieved EBITDA of $108 million, a 26% increase from Q1, with EBITDA margin expanding to 9.0%. Earnings per share grew to $1.07, up 43% quarter-over-quarter.
Key highlights include near-record shipments in metal service centers, improved energy field store performance, and strong capital returns to shareholders through $22 million in share buybacks and $24 million in dividends. The company maintains robust liquidity of $566 million and achieved an impressive 20% annualized return on capital.
Management expects some margin moderation and seasonal reduction in Q3 2025 activity but remains optimistic about medium-term growth driven by U.S. industrial manufacturing expansion and infrastructure investments.
Russel Metals (TSX: RUS) ha riportato solidi risultati finanziari nel secondo trimestre del 2025, con ricavi che hanno raggiunto 1,2 miliardi di dollari, in crescita del 3% rispetto al primo trimestre del 2025 e al livello pi霉 alto dall'inizio del 2022. L'azienda ha registrato un EBITDA di 108 milioni di dollari, un aumento del 26% rispetto al primo trimestre, con un margine EBITDA salito al 9,0%. L'utile per azione 猫 cresciuto a 1,07 dollari, in aumento del 43% trimestre su trimestre.
I punti salienti includono spedizioni quasi da record nei centri di servizio per metalli, un miglioramento delle prestazioni nei negozi di energia e forti ritorni di capitale per gli azionisti tramite 22 milioni di dollari in riacquisti di azioni e 24 milioni di dollari in dividendi. L'azienda mantiene una solida liquidit脿 di 566 milioni di dollari e ha raggiunto un impressionante rendimento annualizzato del capitale del 20%.
La direzione prevede una moderazione dei margini e una riduzione stagionale dell'attivit脿 nel terzo trimestre del 2025, ma resta ottimista sulla crescita a medio termine, sostenuta dall'espansione della manifattura industriale statunitense e dagli investimenti nelle infrastrutture.
Russel Metals (TSX: RUS) report贸 s贸lidos resultados financieros en el segundo trimestre de 2025, con ingresos que alcanzaron 1.200 millones de d贸lares, un aumento del 3% respecto al primer trimestre de 2025 y el nivel m谩s alto desde mediados de 2022. La compa帽铆a logr贸 un EBITDA de 108 millones de d贸lares, un incremento del 26% respecto al primer trimestre, con un margen EBITDA que se expandi贸 al 9,0%. Las ganancias por acci贸n crecieron a 1,07 d贸lares, un aumento del 43% trimestre a trimestre.
Los aspectos destacados incluyen env铆os casi r茅cord en los centros de servicio de metales, una mejora en el desempe帽o de las tiendas de energ铆a y fuertes retornos de capital a los accionistas mediante 22 millones de d贸lares en recompra de acciones y 24 millones de d贸lares en dividendos. La compa帽铆a mantiene una s贸lida liquidez de 566 millones de d贸lares y alcanz贸 un impresionante retorno anualizado sobre el capital del 20%.
La direcci贸n espera cierta moderaci贸n en los m谩rgenes y una reducci贸n estacional en la actividad del tercer trimestre de 2025, pero se mantiene optimista sobre el crecimiento a mediano plazo impulsado por la expansi贸n de la manufactura industrial estadounidense y las inversiones en infraestructura.
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欤检殧 靹标臣搿滊姅 旮堨啀 靹滊箘鞀� 靹柬劙鞐愳劀 瓯办潣 旮半鞝侅澑 靹犾爜霟�, 鞐愲剤歆� 攵勳暭 毵れ灔 鞁れ爜 臧滌劆, 攴鸽Μ瓿� 2,200毵� 雼煬鞚� 鞛愳偓欤� 毵れ瀰瓿� 2,400毵� 雼煬鞚� 氚半嫻旮� 歆�旮�鞚� 韱淀暅 臧曤牓頃� 鞛愲掣 頇橃洂鞚� 韽暔霅╇媹雼�. 須岇偓電� 5鞏� 6,600毵� 雼煬鞚� 瓴碃頃� 鞙犽彊靹膘潉 鞙犾頃橁碃 鞛堨溂氅�, 鞐瓣皠 20%鞚� 鞛愲掣 靾橃澋毳�鞚� 旮半頄堨姷雼堧嫟.
瓴届榿歆勳潃 2025雲� 3攵勱赴鞐� 毵堨 鞕勴檾鞕� 瓿勳爤鞝� 頇滊彊 臧愳唽毳� 鞓堨儊頃橃毵�, 氙戈淡 靷办梾 鞝滌“鞐� 頇曥灔瓿� 鞚疙攧霛� 韴瀽鞐� 頌橃瀰鞏� 欷戧赴 靹膘灔鞐� 雽�頃� 雮欔磤鞝侅澑 鞛呾灔鞚� 鞙犾頃橁碃 鞛堨姷雼堧嫟.
Russel Metals (TSX : RUS) a annonc茅 de solides r茅sultats financiers pour le deuxi猫me trimestre 2025, avec des revenus atteignant 1,2 milliard de dollars, en hausse de 3 % par rapport au premier trimestre 2025, et le niveau le plus 茅lev茅 depuis la mi-2022. La soci茅t茅 a r茅alis茅 un EBITDA de 108 millions de dollars, soit une augmentation de 26 % par rapport au premier trimestre, avec une marge EBITDA port茅e 脿 9,0 %. Le b茅n茅fice par action a augment茅 pour atteindre 1,07 dollar, en hausse de 43 % d'un trimestre 脿 l'autre.
Les points forts incluent des exp茅ditions quasi-record dans les centres de services m茅tallurgiques, une am茅lioration des performances des magasins 茅nerg茅tiques et de solides retours de capital aux actionnaires via 22 millions de dollars de rachats d'actions et 24 millions de dollars de dividendes. La soci茅t茅 maintient une tr茅sorerie solide de 566 millions de dollars et a r茅alis茅 un impressionnant rendement annualis茅 du capital de 20 %.
La direction pr茅voit une certaine mod茅ration des marges et une baisse saisonni猫re de l'activit茅 au troisi猫me trimestre 2025, mais reste optimiste quant 脿 la croissance 脿 moyen terme, port茅e par l'expansion de la fabrication industrielle am茅ricaine et les investissements dans les infrastructures.
Russel Metals (TSX: RUS) meldete starke Finanzergebnisse f眉r das zweite Quartal 2025 mit einem Umsatz von 1,2 Milliarden US-Dollar, was einem Anstieg von 3 % gegen眉ber dem ersten Quartal 2025 entspricht und den h枚chsten Stand seit Mitte 2022 markiert. Das Unternehmen erzielte ein EBITDA von 108 Millionen US-Dollar, eine Steigerung von 26 % gegen眉ber dem ersten Quartal, mit einer EBITDA-Marge von 9,0 %. Der Gewinn je Aktie stieg auf 1,07 US-Dollar, ein Plus von 43 % gegen眉ber dem Vorquartal.
Zu den Highlights z盲hlen nahezu rekordverd盲chtige Lieferungen in Metall-Servicezentren, verbesserte Leistung der Energie-Filialen und starke Kapitalr眉ckfl眉sse an die Aktion盲re durch 22 Millionen US-Dollar an Aktienr眉ckk盲ufen und 24 Millionen US-Dollar an Dividenden. Das Unternehmen h盲lt eine robuste Liquidit盲t von 566 Millionen US-Dollar und erzielte eine beeindruckende annualisierte Kapitalrendite von 20 %.
Das Management erwartet im dritten Quartal 2025 eine gewisse Margenabschw盲chung und saisonale Aktivit盲tsr眉ckg盲nge, bleibt jedoch optimistisch hinsichtlich eines mittelfristigen Wachstums, das durch die Expansion der US-amerikanischen Industrieproduktion und Infrastrukturinvestitionen getragen wird.
- Revenue increased to $1.2 billion, up 3% QoQ and 13% YoY
- EBITDA grew 26% QoQ to $108 million with margin expansion to 9.0%
- EPS increased 43% QoQ to $1.07
- Strong capital returns with $46 million returned to shareholders via buybacks and dividends
- Annualized return on capital improved to 20% from 15% in Q1
- Credit facility extended to 2029 with enhanced financial flexibility
- Robust liquidity position of $566 million
- $5 million expense impact from mark-to-market stock-based compensation
- Currency translation reduced operating income by $2 million and shareholders' equity by $55 million
- Expected margin moderation and seasonal reduction in activity for Q3 2025
Revenues of
EBITDA of
EBITDA Margin of
EPS of
Annualized Return on Capital of
Strong Capital Structure with Liquidity of
Three Months Ended | Six Months Ended | ||||
Jun 30 2025 | Mar 31 2025 | Jun 30 2024 | Jun 30 2025 | Jun 30 2024 | |
Revenues | $听听1,207 | $听听1,174 | $听听1,072 | $听听2,381 | $听听2,133 |
EBITDA1 | 108 | 86 | 86 | 194 | 170 |
Net income | 60 | 43 | 50 | 103 | 100 |
Earnings per share听 | 1.07 | 0.75 | 0.84 | 1.82 | 1.66 |
All amounts are reported in millions of Canadian dollars except per share figures, which are in Canadian dollars. |
Non-GAAP Measures and Ratios
We use a number of measures that are not prescribed by听IFRS Accounting Standards ("IFRS" or "GAAP") and as such may not be comparable to similar measures presented by other companies.听 We believe these measures are commonly employed to measure performance in our industry and are used by analysts, investors, lenders and other interested parties to evaluate financial performance and our ability to incur and service debt to support our business activities.听 These non-GAAP measures include EBITDA and Liquidity and are defined below.听 Refer to Non-GAAP Measures and Ratios on page 2 of our Management Discussion and Analysis.
EBIT - represents net earnings before interest and income taxes.
EBITDA - represents net earnings before interest, income taxes, depreciation and amortization.
Liquidity - represents cash on hand less bank indebtedness plus excess availability under our bank credit facility.
Cash (for) from working capital - represents the change in non-cash working capital.
The following table shows the reconciliation of net earnings in accordance with GAAP:
Three Months Ended | Six Months Ended | ||||
($ millions, except per share data)听 | Jun 30 2025 | Mar 31 2025 | Jun 30 2024 | Jun 30 2025 | Jun 30 2024 |
Net earnings | $听听听听听听听60.4 | $听听听听听听听43.0 | $听听听听听听听49.9 | $听听听听听听听103.4 | $听听听听听听听99.6 |
Provision for income taxes | 18.3 | 14.5 | 16.9 | 32.8 | 33.6 |
Interest (income) expense, net | 5.9 | 4.7 | 1.4 | 10.6 | 1.3 |
EBIT 1 | 84.6 | 62.2 | 68.2 | 146.8 | 134.5 |
Depreciation and amortization | 23.2 | 23.5 | 17.6 | 46.7 | 35.3 |
EBITDA 1 | $听听听听听107.8 | $听听听听听听听85.7 | $听听听听听听听85.8 | $听听听听听193.5 | $听听听听听169.8 |
Basic earnings per share | $听听听听听听听1.07 | $听听听听听听听0.75 | $听听听听听听听0.84 | $听听听听听听听1.82 | $听听听听听听听1.66 |
1 | Defined in Non-GAAP Measures and Ratios |
Our second quarter 2025 results reflected a continuing improvement of revenues, margins and EBITDA, both on a consolidated basis and across most of our business segments.听 Overall market conditions were generally favourable as we benefited from higher metal prices and margins as well as relatively steady demand.
- The metal service centers generated near record shipments in the second quarter, notwithstanding some severe weather impacts and the market uncertainty related to the ongoing tariff dynamic.
- The energy field store segment generated higher revenues, margins and operating profit in the second quarter as compared to the first quarter of 2025, as the segment benefited from improving conditions following a cautious start to 2025.
- We completed an extension of our bank debt facility and removed the springing lien provision, to further enhance our financial flexibility.
- We completed the system integrations for the former Samuel branches onto our听ERP platform.听 These conversions should lead to operational improvements in the quarters ahead.听 We also advanced a series of initiatives in
Western Canada aimed at further rationalizing our footprint and streamlining our operations.
Revenues of
Our average gross margin grew sequentially to
In the second quarter of 2025, we generated
During the three months ended June 30, 2025, the Canadian dollar strengthened from
In the quarter, we generated an annualized return on capital of
During our 2025 second quarter, we generated
Market Conditions
Market prices for our steel and aluminum products were positively impacted by the imposition of tariffs during the early part of 2025.听 At June 30, 2025, the prices for steel plate and sheet were up
Capital Investment Growth Initiatives
During the three months ended June 30, 2025, we invested
We are continuing to evaluate additional acquisition opportunities with the focus on expanding our metals service center platform in the
Returning Capital to Shareholders
We have a flexible approach to returning capital to shareholders through: (i) our ongoing dividend; and (ii) share buybacks.
In the 2025 second quarter, we paid dividends of
In the second quarter of 2025, we purchased and cancelled 0.5 million common shares at an average price per share of
Liquidity and Capital Structure
On April 29, 2025, we amended and extended our credit facility to remove the springing lien feature, cancel the
Outlook
During the late part of the first quarter and early part of the second quarter of 2025, steel prices substantially increased as a result of the tariffs imposed by the
Our metal service center margins increased in the early part of the second quarter as they benefited from the lag effect of higher selling price realizations and lower cost inventories.听 As a result, we are likely to realize some margin moderation in the third quarter as compared to the second quarter of 2025.听 In addition, our shipment levels are likely to experience a seasonal reduction in activity in the third quarter of 2025 as compared to the second quarter of 2025, due to normal holiday schedules in both
Our energy field stores are expected to continue to benefit from solid energy activity in 2025.听 Our energy field store segment is also expected to continue to gain market share while maintaining a solid margin profile.
Investor Conference Call
The Company will be holding an Investor Conference Call on Friday, August 8, 2025, at 9:00 a.m. ET to review its 2025 second quarter results.听 The dial-in telephone numbers for the call are 416-945-7677 (
A replay of the call will be available at 289-819-1450 (
Additional supplemental financial information is available in our investor conference call package located on our website at .听
About Russel Metals Inc.
Russel Metals is one of the largest metals distribution companies in
Cautionary Statement on Forward-Looking Information
Certain statements contained in this press release constitute forward-looking statements or information within the meaning of applicable securities laws, including statements as to our future capital expenditures, our outlook, the availability of future financing and our ability to pay dividends.听 Forward-looking statements relate to future events or our future performance.听 All statements, other than statements of historical fact, are forward-looking statements.听 Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions.听 Forward-looking statements are necessarily based on estimates and assumptions that, while considered reasonable by us, inherently involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the factors described below.
We are subject to a number of risks and uncertainties which could have a material adverse effect on our future profitability and financial position, including the risks and uncertainties listed below, which are important factors in our business and the metals distribution industry.听 Such risks and uncertainties include, but are not limited to: volatility in metal prices; cyclicality of the metals industry; future acquisitions; facilities modernization; volatility in the energy industry; product claims; significant competition; sources of supply and supply chain disruptions; manufacturers selling directly; material substitution; failure of our key computer-based systems; cybersecurity; credit risk; currency exchange risk; restrictive debt covenants; goodwill or long-term asset impairments; the unexpected loss of key individuals; decentralized operating structure; labour interruptions; laws and governmental regulations; litigious environment; environmental liabilities; climate change; carbon emissions; health and safety laws and regulations; geopolitical risk and common share risk.
While we believe that the expectations reflected in our forward-looking statements are reasonable, no assurance can be given that these expectations will prove to be correct, and our forward-looking statements included in this press release should not be unduly relied upon.听 These statements speak only as of the date of this press release and, except as required by law, we do not assume any obligation to update our forward-looking statements.听 Our actual results could differ materially from those anticipated in our forward-looking statements including as a result of the risk factors described above and under the heading "Risk" in our MD&A and under the heading "Risk Management and Risks Affecting Our Business" in our most recent Annual Information Form and as otherwise disclosed in our filings with securities regulatory authorities which are available on SEDAR+ at .听
If you would like to unsubscribe from receiving Press Releases, you may do so by emailing [email protected]; or by calling our Investor Relations Line: 905-816-5178.
Three Months Ended June 30 | Six Months Ended June 30 | |||
(in millions of Canadian dollars, except per share data) | 2025 | 2024 | 2025 | 2024 |
Revenues | $听听1,207.3 | $听听1,071.5 | $听听2,380.9 | $听听2,132.6 |
Cost of materials | 925.8 | 846.2 | 1,847.0 | 1,669.4 |
Employee expenses | 122.0 | 89.1 | 235.0 | 188.9 |
Other operating expenses | 74.9 | 68.0 | 152.1 | 139.8 |
Earnings before interest and | ||||
听听听provision for income taxes | 84.6 | 68.2 | 146.8 | 134.5 |
Interest expense, net | 5.9 | 1.4 | 10.6 | 1.3 |
Earnings before provision for income taxes | 78.7 | 66.8 | 136.2 | 133.2 |
Provision for income taxes | 18.3 | 16.9 | 32.8 | 33.6 |
Net earnings for the period | $听听听听听听听60.4 | $听听听听听听听49.9 | $听听听听听103.4 | $听听听听听听听99.6 |
Basic earnings per common share | $听听听听听听听1.07 | $听听听听听听听0.84 | $听听听听听听听1.82 | $听听听听听听听1.66 |
Diluted earnings per common share | $听听听听听听听1.07 | $听听听听听听听0.84 | $听听听听听听听1.82 | $听听听听听听听1.66 |
Three Months Ended June 30 | Six Months Ended June 30 | |||
(in millions of Canadian dollars) | 2025 | 2024 | 2025 | 2024 |
Net earnings for the period | $听听听听听听听60.4 | $听听听听听听听49.9 | $听听听听听103.4 | $听听听听听听听99.6 |
Other comprehensive (loss) income | ||||
Items that may be reclassified to earnings | ||||
听听听Unrealized foreign exchange (losses) gains on | ||||
听听听听听translation of foreign operations | (55.2) | 9.5 | (56.1) | 31.7 |
Items that may not be reclassified to earnings | ||||
听听听Actuarial (losses) gains on pension and similar | ||||
听听听听听obligations, net of taxes | (0.8) | 0.3 | (2.8) | 3.9 |
Other comprehensive (loss) income | (56.0) | 9.8 | (58.9) | 35.6 |
Total comprehensive income | $听听听听听听听4.4 | $听听听听听听听59.7 | $听听听听听听听44.5 | $听听听听听135.2 |
(in millions of Canadian dollars) | June 30 | December 31 |
ASSETS | ||
Current | ||
听听听Cash and cash equivalents | $听听听听听194.5 | $听听听听听听听45.6 |
听听听Accounts receivable | 563.8 | 490.4 |
听听听滨苍惫别苍迟辞谤颈别蝉 | 1,011.9 | 919.8 |
听听听Prepaids and other | 33.2 | 29.0 |
听听听Income taxes receivable | 1.8 | 14.5 |
Total | 1,805.2 | 1,499.3 |
Property, Plant and Equipment | 494.5 | 492.4 |
Right-of-Use Assets | 148.2 | 157.0 |
Deferred Income Tax Assets | 0.5 | 0.8 |
Pension and Benefits | 40.2 | 45.5 |
Financial and Other Assets | 5.3 | 5.9 |
Goodwill and Intangible Assets | 135.8 | 145.8 |
Total Assets | $听听2,629.7 | $听听2,346.7 |
LIABILITIES AND SHAREHOLDERS' EQUITY | ||
Current | ||
听听听Bank indebtedness | $听听听听听听听听听听听听- | $听听听听听听听13.4 |
听听听Accounts payable and accrued liabilities | 485.9 | 442.1 |
听听听Short-term lease obligations | 23.5 | 22.4 |
听听听Income taxes payable | 10.9 | 0.7 |
Total | 520.3 | 478.6 |
Long-Term Debt | 298.1 | - |
Pensions and Benefits | 1.4 | 1.5 |
Deferred Income Tax Liabilities | 21.0 | 25.8 |
Long-Term Lease Obligations | 153.0 | 161.0 |
Provisions and Other Non-Current Liabilities | 29.4 | 21.4 |
Total Liabilities | 1,023.2 | 688.3 |
Shareholders' Equity | ||
听听听Common shares | 517.8 | 528.1 |
听听听Retained earnings | 933.3 | 918.7 |
听听听Contributed surplus | 9.9 | 10.0 |
听听听Accumulated other comprehensive income | 145.5 | 201.6 |
Total Shareholders' Equity | 1,606.5 | 1,658.4 |
Total Liabilities and Shareholders' Equity | $听听2,629.7 | $听听2,346.7 |
Three Months Ended June 30 | Six Months Ended June 30 | |||
(in millions of Canadian dollars) | 2025 | 2024 | 2025 | 2024 |
Operating Activities | ||||
听听听Net earnings for the period | $听听听听听听听60.4 | $听听听听听听听49.9 | $听听听听听103.4 | $听听听听听听听99.6 |
听听听Depreciation and amortization | 23.2 | 17.6 | 46.7 | 35.3 |
听听听Provision for income taxes | 18.3 | 16.9 | 32.8 | 33.6 |
听听听Interest expense, net | 5.9 | 1.4 | 10.6 | 1.3 |
听听听Gain on sale of property, plant and equipment | (0.3) | (0.2) | (0.5) | (0.4) |
听听听Difference between pension expense and amount funded | 0.7 | 0.6 | 1.4 | 1.3 |
听听听Interest paid net, including interest on lease obligations | (2.8) | (2.5) | (7.1) | (2.1) |
Cash from operating activities before | ||||
听听听non-cash working capital | 105.4 | 83.7 | 187.3 | 168.6 |
Changes in Non-Cash Working Capital Items | ||||
听听听Accounts receivable | 16.6 | 13.3 | (83.3) | (37.1) |
听听听滨苍惫别苍迟辞谤颈别蝉 | (36.8) | (15.8) | (111.3) | (11.2) |
听听听Accounts payable and accrued liabilities | (27.7) | 9.1 | 55.6 | (10.6) |
听听听翱迟丑别谤 | 4.5 | 0.5 | (4.2) | 0.2 |
Change in non-cash working capital | (43.4) | 7.1 | (143.2) | (58.7) |
听听听Income tax paid, net | (14.1) | (21.9) | (12.8) | (38.8) |
Cash from operating activities | 47.9 | 68.9 | 31.3 | 71.1 |
Financing Activities | ||||
听听听Issue of common shares | - | 0.8 | 0.3 | 1.6 |
听听听Repurchase of common shares | (22.8) | (57.0) | (48.6) | (71.9) |
听听听Dividends on common shares | (24.2) | (25.0) | (48.1) | (49.1) |
听听听Decrease in bank indebtedness | - | - | (13.4) | - |
听听听Issuance (repayment) of long-term debt | - | (150.0) | 300.0 | (150.0) |
听听听Deferred financing costs | 0.1 | - | (1.9) | - |
听听听Lease obligations | (5.7) | (4.6) | (11.6) | (9.3) |
Cash (used in) from financing activities | (52.6) | (235.8) | 176.7 | (278.7) |
Investing Activities | ||||
听听听Purchase of property, plant and equipment | (16.1) | (24.2) | (45.0) | (48.0) |
听听听Proceeds on sale of property, plant and equipment | 0.4 | 0.3 | 0.9 | 0.5 |
Cash used in investing activities | (15.7) | (23.9) | (44.1) | (47.5) |
Effect of exchange rates on cash and cash equivalents | (15.3) | 2.5 | (15.0) | 12.1 |
(Decrease) Increase in cash and cash equivalents | (35.7) | (188.3) | 148.9 | (243.0) |
Cash and cash equivalents, beginning of the period | 230.2 | 574.5 | 45.6 | 629.2 |
Cash and cash equivalents, end of the period | $听听听听听194.5 | $听听听听听386.2 | $听听听听听194.5 | $听听听听听386.2 |
(in millions of Canadian dollars) | Common | Retained | Contributed | Accumulated | Total |
Balance, January 1, 2025 | $听听听528.1 | $听听听918.7 | $听听听听听10.0 | $听听听201.6 | |
Payment of dividends | - | (48.1) | - | - | (48.1) |
Net earnings for the period | - | 103.4 | - | - | 103.4 |
Other comprehensive loss for the period | - | - | - | (58.9) | (58.9) |
Share options exercised | 0.4 | - | (0.1) | - | 0.3 |
Shares repurchased | (10.7) | (37.9) | - | - | (48.6) |
Transfer of net actuarial losses on defined benefit plans | - | (2.8) | - | 2.8 | - |
Balance, June 30, 2025 | $听听听517.8 | $听听听933.3 | $听听听听听听9.9 | $听听听145.5 |
听
(in millions of Canadian dollars) | Common | Retained | Contributed | Accumulated | Total |
Balance, January 1, 2024 | $听听听556.3 | $听听听954.6 | $听听听听听10.3 | $听听听118.7 | |
Payment of dividends | - | (49.1) | - | - | (49.1) |
Net earnings for the period | - | 99.6 | - | - | 99.6 |
Other comprehensive income for the period | - | - | - | 35.6 | 35.6 |
Share options exercised | 1.9 | - | (0.3) | - | 1.6 |
Shares repurchased | (16.5) | (55.4) | - | - | (71.9) |
Transfer of net actuarial gains on defined benefit plans | - | 3.9 | - | (3.9) | - |
Balance, June 30, 2024 | $听听听541.7 | $听听听953.6 | $听听听听10.0 | $听听听150.4 |
听
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SOURCE Russel Metals Inc.
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