Financial Performance - Revenues for the three months ended June 30, 2025, were $1.2 billion, representing a 3% increase from Q1 2025 and the highest level since mid-2022 [1][4] - EBITDA reached $108 million, up 26% from Q1 2025, with an EBITDA margin of 9.0%, an increase from 7.3% in Q1 2025 [1][5] - Earnings per share (EPS) were $1.07, a 43% increase from Q1 2025 [1][6] - Annualized return on capital improved to 20%, up from 15% in Q1 2025 [1][7] Market Conditions - Market prices for steel and aluminum products increased due to tariffs, with steel plate prices up 33% and aluminum prices up 28% compared to December 31, 2024 [9] - The metal service centers achieved near-record shipments despite severe weather impacts and market uncertainties related to tariffs [3][9] Capital Management - The company returned $47 million to shareholders through share buybacks and dividends, with $24 million in dividends paid [1][12] - Share buybacks totaled $22 million, with 0.5 million common shares repurchased at an average price of $42.11 [1][14] - Total available liquidity was $566 million as of June 30, 2025 [15] Investment and Growth Initiatives - Capital expenditures for the three months ended June 30, 2025, were $16 million, with a total of $45 million for the six months [10] - The company is actively evaluating additional acquisition opportunities to expand its metals service center platform in the U.S. [11] Operational Improvements - The company completed system integrations for former Samuel branches onto its ERP platform, expected to lead to operational improvements [13] - Ongoing investments in value-added equipment and facility modernizations are anticipated to enhance market share [17]
RUSSEL METALS ANNOUNCES 2025 SECOND QUARTER RESULTS
Prnewswireยท2025-08-07 21:01