RUSSEL METALS ANNOUNCES 2026 THIRD QUARTER RESULTS

(TSX: RUS) Russel Metals Inc. reported record quarterly revenues of $1.8 billion, adjusted EBITDA of $230 million, and adjusted earnings per share of $2.67 for the three months ended September 30, 2026. Gross margins improved by 330 basis points in Q3 2026 compared to Q2 2026. The company achieved an annualized return on capital of 35% in Q3 2026 and 27% for the year-to-date. Russel Metals completed the sale of its Color Steels subsidiary, resulting in cash proceeds of $42 million and a pre-tax gain on sale of $7 million. Liquidity at quarter-end was $418 million, with net debt of $214 million. For the third quarter, EBITDA was $200 million and adjusted EBITDA was $230 million, while net earnings were $125.5 million and adjusted net earnings were $146.4 million. Earnings per share for Q3 2026 were $2.29, and adjusted earnings per share were $2.67. The company invested $26 million in capital expenditures during the quarter and $62 million for the nine months ended September 30, 2026. A dividend of $24 million, or $0.44 per share, was paid in Q3 2026, and a quarterly dividend of $0.44 per share was declared, payable on December 15, 2026, to shareholders of record on November 26, 2026. The former Kloeckner branches contributed $237 million in revenue and $33 million in EBITDA in Q3 2026, and $633 million in revenue and $57 million in EBITDA for the first nine months of 2026. Cumulative share buybacks since August 2022 totaled 8.7 million shares, representing 14% of then-outstanding shares, at an average price of $38.13 per share for total consideration of $333 million. U.S. operations accounted for 57% of revenues in Q3 2026. The average gross margin for Q3 2026 was 25.9%, up from 22.6% in Q2 2026. U.S. plate and hot rolled coil prices averaged US$1,444 per ton and US$1,201 per ton, respectively, in Q3 2026. The company generated $182 million of cash from operating activities before non-cash working capital and used $204 million in non-cash working capital in Q3 2026. Russel Metals continues to evaluate acquisition opportunities, focusing on expanding its U.S. metals service center platform. The company expects market dynamics, including favorable demand and limited international supply, to continue in the near term. An investor conference call is scheduled for November 5, 2026, at 9:00 a.m. ET to review Q3 results.

RUSSEL METALS ANNOUNCES ACCEPTANCE BY TSX OF NORMAL COURSE ISSUER BID

(TSX: RUS) Russel Metals Inc. announces that it has received approval from the Toronto Stock Exchange (the "TSX") of its notice of intention to make a normal course issuer bid (the "NCIB"). Under the NCIB, Russel Metals may purchase for cancellation, during the period commencing on August 18, 2026, and ending on the earlier of August 17, 2027, and the completion of purchases under the NCIB, up to 5,446,896 common shares of Russel Metals, which represents 10% of the public float. As of August 10, 2026, Russel Metals had 54,906,755 Common Shares issued and outstanding. Daily purchases on the TSX under the NCIB will be limited to 59,558 Common Shares, which represents 25% of the average daily trading volume of 238,233, on the TSX for six months ending July 31, 2026, subject to any purchases made pursuant to the block purchase exception. The NCIB will be funded using Russel Metals' existing cash resources or credit facilities, and any Common Shares repurchased by Russel Metals under the NCIB will be cancelled. Under the previous NCIB, Russel Metals was authorized to purchase, through the facilities of the TSX and alternative trading systems in Canada, 5,542,173 common shares of which 1,021,400 Common Shares were purchased as of July 31, 2026, at a weighted average price of $41.89 per share.

Russel Metals Announces 2026 Second Quarter Results

(TSX: RUS) Russel Metals Inc. announced financial results for the three months ended June 30, 2026, reporting record quarterly revenues of $1.7 billion and adjusted EBITDA of $154 million. Gross margins improved by 130 basis points in Q2'26 versus Q1'26, with an average gross margin percentage of 22.6% in Q2'26 compared to 21.3% in Q1'26. The Kloeckner acquisition contributed revenues of $213 million and EBITDA of $16 million in Q2'26, and the company invested $18 million in capital expenditures during the quarter. Liquidity at quarter-end was $554 million, and net debt was $144 million, with an annualized return on capital of 24% in Q2'26. Dividends paid in Q2'26 totaled $24 million or $0.44 per share, and the company disposed of redundant real estate in Delta (British Columbia) for cash proceeds of $39 million in Q1'26. The company projects comparable margins and shipment levels in Q3'26 as in the first half of the year, and expects to benefit from U.S. industrial manufacturing growth and Canadian nation building projects.

Russel Metals Announces 2026 First Quarter Results

Russel Metals Inc. (TSX: RUS) reported record quarterly revenues of $1.4 billion and EBITDA of $124 million for the three months ended March 31, 2026. The company completed the sale of redundant real estate for proceeds of $39 million and declared an increase in the quarterly dividend to $0.44 per share, payable in June 2026. Liquidity at quarter-end was $500 million, and the company finalized the adjusted purchase price for the Kloeckner asset acquisition at US$94 million. These results reflect strong market conditions, successful integration of acquisitions, and ongoing capital returns to shareholders.