Russel Metals Inc (RUSMF)
OTHER OTC:RUSMF
Earnings Data
Report Date
May 05, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.62Last Year’s EPS
0.54Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a largely constructive picture: strong full-year growth in revenues, margins, EBITDA and ROIC; disciplined capital allocation with active M&A (notably Kloeckner) and significant shareholder returns; and a healthy balance sheet and liquidity position supported by investment-grade ratings. Near-term items to monitor include seasonal Q1 working capital absorption, inventory increase from the Kloeckner acquisition, one-off transition costs and the fact that Kloeckner's lower margin profile will temporarily dilute blended margins while integration and value-add investments are executed over the next 1–2 years. On balance, the positives (higher cycle EBITDA, diversified U.S. footprint, strong returns and financial flexibility) outweigh the manageable near-term challenges.Company Guidance
Full-Year Revenue and Margin Growth
2025 revenues grew ~9% year-over-year; full-year gross margin improved by ~90 basis points and full-year EBITDA dollars increased ~13% versus 2024 (EBITDA margin 7.3% for 2025).
Improved EBITDA Cycle and Lower Volatility
Trailing 12-month average EBITDA increased from $270M (pre-COVID) to $354M (post-COVID), a ~30% rise, and peak-to-trough variance narrowed from $167M to $127M, indicating a higher cycle average and reduced volatility.
Strong Returns on Invested Capital
Return on invested capital was 15% in 2025 and averaged 18% over the past three years—meeting or exceeding the company's 15% target over the cycle.
Strategic M&A and U.S. Growth
Completed multiple acquisitions (Samuel, Tampa Bay Steel, Kloeckner branches). U.S. platform rose to 44% of 2025 revenues (vs. 30% in 2019) and will exceed 50% after Kloeckner, expanding geographic diversification and specialty mix.
Attractive Kloeckner Acquisition Economics
Kloeckner closed at ~USD 95M (CAD 130M) purchase price, bringing ~USD 550M revenues and ~USD 30M adjusted EBITDA in 2025; management expects the acquisition to be economically attractive and accretive on dollar contribution.
Strong Capital Returns and Shareholder Activity
In 2025 the company returned ~$182M to shareholders ($86M share buybacks, $96M dividends); cumulative NCIB repurchases since Aug 2022: ~$326M (14% of shares outstanding). Quarterly dividend maintained at $0.43/share.
Healthy Balance Sheet and Liquidity
Net debt was only ~$184M at year-end; liquidity increased to ~$653M (over $500M after Kloeckner close) and net debt to invested capital ~10% after the acquisition. Company upgraded to investment grade by S&P and DBRS.
Cash Flow and Capital Deployment Discipline
Generated ~$2.2B of cash flow since 2020 (asset sales + operations); ~$1B redeployed in reinvestments/acquisitions, ~$900M returned to shareholders, and leverage reduced by >$300M since 2020.
CapEx and Investment Pipeline
2025 CapEx was $74M (below prior-year $90M), with a multiyear CapEx pipeline of ~$200M and expectation of ~ $100M annual run-rate going forward to fund modernization and value-add projects.
End-Market Momentum Entering 2026
Management reports improving demand indicators (strong PMI, mill utilization approaching 80%+, increasing coil/plate prices) and optimism for Q1 2026 across most end markets (except agriculture).
RUSMF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RUSMF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 11, 2026 | $37.57 | $34.68 | -7.69% |
Nov 05, 2025 | $29.27 | $27.63 | -5.59% |
Aug 07, 2025 | $30.16 | $29.11 | -3.48% |
May 06, 2025 | $28.24 | $28.51 | +0.95% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Russel Metals Inc (RUSMF) report earnings?
Russel Metals Inc (RUSMF) is schdueled to report earning on May 05, 2026, After Close (Confirmed).
What is Russel Metals Inc (RUSMF) earnings time?
Russel Metals Inc (RUSMF) earnings time is at May 05, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
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What is RUSMF EPS forecast?
RUSMF EPS forecast for the fiscal quarter 2026 (Q1) is 0.62.