• Russel Metals published its Q1 2026 MD&A, reporting record quarterly revenue of CAD 1.42 billion, EBITDA of CAD 124 million, net earnings of CAD 72 million, EPS of CAD 1.3.
• Completed sale of Delta, B.C. service center property for cash proceeds of CAD 39 million, booking pre-tax gain of CAD 36 million; comparable EBITDA excluding gain and stock-based compensation mark-to-market was CAD 93 million.
• Metal service centers posted revenue of CAD 1.06 billion on shipments of 483,000 tons; gross margin per ton rose to CAD 458 from CAD 433 in prior quarter; operating profit increased to CAD 49 million from CAD 27 million.
• Kloeckner U.S. branches added CAD 183 million of revenue, CAD 8 million of EBITDA; adjusted purchase price finalized at US$94 million, resulting in US$8 million payment back to Russel Metals.
• Outlook calls for recent steel price levels to hold near term; service center average margins expected to improve slightly in Q2 versus Q1, shipments expected to remain near Q1 levels.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Russel Metals Inc. published the original content used to generate this news brief on May 05, 2026, and is solely responsible for the information contained therein.