Russel Metals management commentary cites strong market conditions driving record Q3 2026 adjusted EBITDA
Bitget2026/11/04 23:33- Russel Metals management commentary attributed stronger third-quarter 2026 earnings to favorable market conditions, higher steel prices and improving acquired-branch margins.
- Net earnings rose to CAD 125.5 million from CAD 35 million a year earlier.
- Adjusted EBITDA reached CAD 230.1 million, compared with CAD 72.9 million a year earlier.
- Gross margin widened to 25.9% from 22.6% sequentially, reflecting improvements at former Kloeckner branches and Canadian service centers.
- Service center shipments increased 7% year over year on a same-store basis; average selling prices rose 25%.
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