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Russel Metals Reports 2024 Financials and Strategic Initiatives

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Russel Metals Reports 2024 Financials and Strategic Initiatives

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The latest announcement is out from Russel Metals ( (TSE:RUS) ).

Russel Metals Inc. reported its financial results for the year ending December 31, 2024, indicating a revenue of $4.3 billion and an EBITDA of $299 million. The company undertook significant strategic actions, including two acquisitions, modernization projects, and value-added equipment enhancements. It also maintained a strong capital structure with liquidity of $580 million, despite a decrease in annual earnings per share from $4.33 to $2.73, highlighting its continued focus on growth and shareholder returns through share repurchases and dividends.

More about Russel Metals

Russel Metals Inc. operates in the metals distribution and processing industry, focusing primarily on the distribution of steel and metal products. The company serves a diverse range of industries, including manufacturing, construction, and transportation, with a significant market presence in North America.

YTD Price Performance: 1.21%

Average Trading Volume: 19,466

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $1.67B

See more insights into RUS stock on TipRanks’ Stock Analysis page.

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