The earnings call reflects a strong financial performance with significant growth in key financial metrics and a strategic focus on capital returns and M&A opportunities. However, there are concerns about future margin pressures, currency impacts, and regulatory uncertainties.

Company Guidance -

Q3 2025

During the Q2 2025 earnings call for Russel Metals, several key metrics were highlighted, reflecting a strong performance. Revenue saw a sequential increase of 3% from Q1, reaching over $1.2 billion, the highest in over two years. EBITDA surged by 26% and earnings per share rose by 43%, showcasing significant profitability improvements. Cash from operating activities increased by 29%, further strengthening the company's financial position. Despite a discretionary CapEx reduction to $60 million from $29 million in Q1, capital deployment exceeded $1.7 billion. The company maintained a robust return on invested capital at an annualized 20%, and returned $47 million to shareholders through share buybacks and dividends. The balance sheet remained strong with a net debt to invested capital ratio of only 6%, and inventory management continued to be a focus, with inventory turns stable at 3.7. Looking ahead, the company anticipates a seasonal slowdown in Q3 and aims for further strategic expansion, particularly in the U.S. market, which currently accounts for 44% of year-to-date revenues.

Strong Financial Performance

Q2 2025 saw a 3% increase in revenue, 26% increase in EBITDA, 43% increase in earnings per share, and 29% increase in cash from operating activities compared to Q1.

Near-Record Shipments

The company achieved near-record shipments, reflecting market share gains and attractive margins.

Improved Margins

Gross margins increased by 180 basis points and EBITDA margins by 160 basis points compared to Q1.

Return on Invested Capital

Annualized return on invested capital reached 20%, an improvement from Q1 and above industry comparables.

Capital Returns to Shareholders

In Q2, $23 million was returned via share buybacks and $24 million by dividends, totaling $47 million.

Strong Liquidity Position

Liquidity remains strong with extended maturities on bank lines to 2029 and term debt to 2030.

Russel Metals (TSE:RUS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:RUS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.86 / -	0.59	―	―	―
Aug 07, 2025	2025 (Q2)	1.03 / 1.07	0.84	27.38% (+0.23)	―
May 06, 2025	2025 (Q1)	0.58 / 0.75	0.82	-8.54% (-0.07)
Feb 12, 2025	2024 (Q4)	0.49 / 0.47	0.78	-39.74% (-0.31)
Nov 06, 2024	2024 (Q3)	0.62 / 0.59	0.99	-40.40% (-0.40)
Jul 31, 2024	2024 (Q2)	0.85 / 0.84	1.37	-38.69% (-0.53)
May 01, 2024	2024 (Q1)	0.83 / 0.82	1.19	-31.09% (-0.37)
Feb 08, 2024	2023 (Q4)	0.72 / 0.78	0.93	-16.13% (-0.15)
Nov 08, 2023	2023 (Q3)	0.92 / 0.99	1.45	-31.72% (-0.46)
Aug 10, 2023	2023 (Q2)	1.15 / 1.37	1.96	-30.10% (-0.59)

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

TSE:RUS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	C$42.72	C$40.00	-6.37%
May 06, 2025	C$40.11	C$40.64	+1.33%
Feb 12, 2025	C$40.68	C$40.49	-0.46%
Nov 06, 2024	C$40.57	C$42.47	+4.69%

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 (TSE:RUS) report earnings?

Russel Metals Inc (TSE:RUS) is schdueled to report earning on Nov 05, 2025, After Close (Confirmed).

What is Russel Metals Inc (TSE:RUS) earnings time?

Russel Metals Inc (TSE:RUS) earnings time is at Nov 05, 2025, 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?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TSE:RUS EPS forecast?

TSE:RUS EPS forecast for the fiscal quarter 2025 (Q3) is 0.86.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing