Russel Metals (TSE:RUS) has released an update.
Russel Metals Inc. reported a solid first quarter in 2024 with revenues reaching $1.1 billion and EBITDA standing at $84 million. The company successfully generated $85 million in cash from operating activities, repurchased $15 million of its shares, and announced a 5% increase in its quarterly dividend to $0.42 per share. Additionally, Russel Metals is set to redeem $150 million of 6% notes, maintaining a strong liquidity position of $956 million.
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