RY 144.17 0.4529% TD 77.39 0.0517% SHOP 78.87 -1.3878% CNR 171.64 0.5625% ENB 50.09 -0.4769% CP 110.62 0.6277% BMO 128.85 -0.548% TRI 233.58 1.1563% CNQ 103.29 -0.174% BN 60.87 -0.2295% ATD 75.6 -1.447% CSU 3697.0 1.1582% BNS 65.76 -0.3485% CM 66.6 -0.5525% SU 54.21 1.1569% TRP 53.15 0.3398% NGT 58.54 -0.3405% WCN 226.5 0.4123% MFC 35.905 0.9986% BCE 46.75 -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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