RY 174.39 2.4016% SHOP 149.115 2.5974% TD-PFM 24.63 -0.0811% TD-PFL 24.7 0.2028% TD 78.325 0.1214% ENB 60.6 1.3039% BN 80.4 1.9787% TRI 226.27 0.7525% CNQ 48.285 2.2771% CP 104.53 1.6038% CNR 151.74 1.5459% BMO 132.69 0.9203% BNS 78.845 0.1715% CSU 4600.2002 2.157% CM 91.15 0.474% MFC 45.79 1.6878% ATD 78.38 1.5285% NGT 60.14 0.0499% TRP 70.15 1.977% SU 57.44 0.5954%
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Russel Metals expects favorable market conditions to continue in 3Q2023
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Highlights
Canada-based metal distribution company, Russel Metals Inc (TSX: RUS) operates its business through three metals distribution segments, namely energy products,metals service centers, and steel distributors.
In the second quarter of the year 2023, the business segments of the firm contributed to improving EBITDA, consolidated margins, and earnings. RUS posted CAD 131 million EBITDA or Q2 2023, against CAD 116 million EBITDA in the first quarter of 2023. It secured higher cash from operations at CAD 130.7 million during the reporting period, versus CAD 68.9 million in Q2 2022.
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