공시 • May 08
Russel Metals Inc. Declares Quarterly Dividend, Payable on June 15, 2026 On May 5, 2026, Russel Metals Inc. declared an increase in quarterly dividend to $0.44 per share payable on June 15, 2026, to shareholders of record at the close of business on May 28, 2026. This increase is the fourth consecutive year with a dividend increase and represents a 16% cumulative increase versus the dividend level in the first quarter of 2023. 공시 • Jan 02
Russel Metals Inc. (TSX:RUS) acquired Seven service center locations from Kloeckner Metals Corporation for approximately $102 million. Russel Metals Inc. (TSX:RUS) entered into an agreement to acquire Seven service center locations from Kloeckner Metals Corporation for approximately $120 million on September 28, 2025. The transaction is subject to closing working capital and other normal course adjustments. The purchase price is based on the net book value of the working capital which was approximately $67.1 million at June 30, 2025, plus $51.5 million for the property, plant and equipment. The metals service centers in Dubuque (Iowa), Charlotte (North Carolina), Suwanee (Georgia), Houston (Texas), Austin (Texas), Jacksonville (Florida) and Pompano Beach (Florida). Upon completion, 350 Kloeckner employees will join the Russel team. The transaction will be financed from our cash on hand or drawings under our existing credit facility, which totaled $566 million on June 30, 2025.
For the period between January 1, 2023 and June 30, 2025, the seven service centers generated average annual revenues of approximately $500 million and average annual adjusted EBITDA of approximately $20 million.
The transaction is subject to customary closing conditions and is expected to close in Q4'25 or Q1'26. This transaction is expected to add about 15% to Russel Metals' average annual revenues and a bit less than that on a mid-cycle EBITDA basis.
Russel Metals Inc. (TSX:RUS) completed the acquisition of Seven service center locations from Kloeckner Metals Corporation for approximately $102 million on January 2, 2026. 공시 • Nov 24
Russel Metals Inc. to Report Q3, 2026 Results on Nov 04, 2026 Russel Metals Inc. announced that they will report Q3, 2026 results on Nov 04, 2026 공시 • Nov 07
Russel Metals Inc. announces Quarterly dividend, payable on December 15, 2025 Russel Metals Inc. announced Quarterly dividend of CAD 0.4300 per share payable on December 15, 2025, ex-date on November 27, 2025 and record date on November 27, 2025. 공시 • Sep 30
Russel Metals Inc. (TSX:RUS) entered into an agreement to acquire Seven service center locations from Kloeckner Metals Corporation for approximately $120 million. Russel Metals Inc. (TSX:RUS) entered into an agreement to acquire Seven service center locations from Kloeckner Metals Corporation for approximately $120 million on September 28, 2025. The purchase price is based on the net book value of the working capital which was approximately $67.1 million at June 30, 2025, plus $51.5 million for the property, plant and equipment. The metals service centers in Dubuque (Iowa), Charlotte (North Carolina), Suwanee (Georgia), Houston (Texas), Austin (Texas), Jacksonville (Florida) and Pompano Beach (Florida). Upon completion, 350 Kloeckner employees will join the Russel team. The transaction will be financed from our cash on hand or drawings under our existing credit facility, which totaled $566 million on June 30, 2025.
The transaction is subject to customary closing conditions and is expected to close in Q4'25 or Q1'26. This transaction is expected to add about 15% to Russel Metals' average annual revenues and a bit less than that on a mid-cycle EBITDA basis. 공시 • Sep 18
Russel Metals Inc. Announces the Permanent Closure of the Delta Location Will Result in A Repatriation of Excess Working Capital, Once the Inventories Are Integrated into Other Locations in the Region Russel Metals Inc. announced the permanent closure of the Delta location will result in a repatriation of excess working capital, once the inventories are integrated into other locations in the region. 공시 • Sep 08
Russel Metals Inc. to Report Q2, 2026 Results on Aug 06, 2026 Russel Metals Inc. announced that they will report Q2, 2026 results on Aug 06, 2026 공시 • Aug 12
Russel Metals Inc. announces Quarterly dividend, payable on September 15, 2025 Russel Metals Inc. announced Quarterly dividend of CAD 0.4300 per share payable on September 15, 2025, ex-date on August 28, 2025 and record date on August 28, 2025. 공시 • May 07
Russel Metals Inc. Declares Quarterly Dividend, Payable on June 16, 2025 Russel Metals Inc. declared a 2.4% increase in quarterly dividend to $0.43 per share payable on June 16, 2025, to shareholders of record at the close of business on May 29, 2025. This increase is the third consecutive annual increase in dividend over the past three years. On a cumulative basis, the company raised the dividend by 13.2% since May 2023. 공시 • Feb 18
Russel Metals Inc., Annual General Meeting, May 07, 2025 Russel Metals Inc., Annual General Meeting, May 07, 2025. Location: 6600 financial drive, ontario, missisauga Canada 공시 • Feb 13
Russel Metals Inc. Declares Dividend, Payable on March 17, 2025 Russel Metals Inc. declared a dividend of $0.42 per share, payable on March 17, 2025, to shareholders of record at the close of business on February 28, 2025. 공시 • Dec 05
Russel Metals Inc. (TSX:RUS) completed the acquisition of Tampa Bay Steel Corp. Russel Metals Inc. (TSX:RUS) entered into an agreement to acquire Tampa Bay Steel Corp. for $79.5 million on November 12, 2024. A cash consideration of $79.5 million will be paid by Russel Metals Inc, the transaction will be financed from Russel Metals Inc.'s cash on hand or drawings under their credit facility, the purchase price includes working capital, buildings and equipment, and the related real estate. Tampa Bay Steel generated average annual revenues and adjusted EBITDA of approximately US$115 million and US$13 million, respectively, over the past five years. The transaction is expected to close in December, 2024.
Russel Metals Inc. (TSX:RUS) completed the acquisition of Tampa Bay Steel Corp. on December 4, 2024. 공시 • Nov 13
Russel Metals Inc. (TSX:RUS) entered into an agreement to acquire Tampa Bay Steel Corp. for $79.5 million. Russel Metals Inc. (TSX:RUS) entered into an agreement to acquire Tampa Bay Steel Corp. for $79.5 million on November 12, 2024. A cash consideration of $79.5 million will be paid by Russel Metals Inc, the transaction will be financed from Russel Metals Inc.'s cash on hand or drawings under their credit facility, the purchase price includes working capital, buildings and equipment, and the related real estate. Tampa Bay Steel generated average annual revenues and adjusted EBITDA of approximately US$115 million and US$13 million, respectively, over the past five years. The transaction is expected to close in December, 2024. 공시 • Aug 14
Russel Metals Inc. (TSX:RUS) completed the acquisition of Seven Service Centers of Samuel, Son & Co., Limited Russel Metals Inc. (TSX:RUS) entered into an agreement to acquire Seven Service Centers of Samuel, Son & Co., Limited for approximately CAD 230 million on December 4, 2023. The assets to be acquired include five locations in Western Canada and two locations in the US Northeast. The purchase price is based on the net book value of the working capital, which was approximately CAD 186 million at September 30, 2023, plus the net book value of the related equipment and machinery for CAD 29 million plus an additional CAD 10 million and subject to closing working capital and other normal course adjustments. As part of the transaction approximately 340 Samuel employees join the Russel family. The transaction will be financed from our cash on hand, which totaled CAD 569 million on September 30, 2023. For 2022, the seven service centers acquired had revenue of CAD 704 million and adjusted EBITDA of CAD 33 million.
The transaction is subject to Canadian regulatory clearance as well as other customary closing conditions and is expected to close in the first or second quarter of 2024. As per filling on June 4, 2024, the transaction has been cleared by Canadian Competition Bureau. As per the announcement dated on April 15, 2024 the Transaction is no longer expected to close in the second quarter of 2024. As per filling on June 4, 20224, the transaction is expected to close the full transaction in the third quarter of 2024.
Robert Hull, Joseph McDonald, Camille Beaudry, Ian Macdonald, Kirsty Strong, Parna Sabet-Stephenson, Stefan Nasswetter, Christopher Oates, Michael Bussmann and Carl Hinzmann of Gowling WLG acted as legal advisors to Samuel.
Russel Metals Inc. (TSX:RUS) completed the acquisition of Seven Service Centers of Samuel, Son & Co., Limited on August 12, 2024. 공시 • Aug 02
Russel Metals Inc. Declares A Dividend, Payable on September 16, 2024 Russel Metals Inc. declared a dividend of $0.42 per share, payable on September 16, 2024, to shareholders of record at the close of business on August 28, 2024. 공시 • Jun 06
Russel Metals Inc. Receives Regulatory Clearance on Samuel Acquisition Russel Metals Inc. announced that it has received a no-action letter from the Canadian Competition Bureau regarding previously announced transaction with Samuel, Son & Co., Limited ("Samuel"), whereby agreed to acquire seven service center locations from Samuel. Therefore, subject to completion of customary closing conditions, expect to close the full transaction in the third quarter of 2024. 공시 • Feb 09
Russel Metals Inc. Declares Dividend, Payable on March 15, 2024 Russel Metals Inc. declared a dividend of $0.40 per share, payable on March 15, 2024, to shareholders of record at the close of business on February 29, 2024. 공시 • Jan 10
Russel Metals Inc., Annual General Meeting, May 02, 2024 Russel Metals Inc., Annual General Meeting, May 02, 2024. 공시 • Jan 02
Russel Metals Inc. Announces Executive Changes Russel Metals Inc. announced the retirement of Linh Austin from the Board of Directors and the appointment of Stewart Burton as an independent Director. Stewart Burton holds a Bachelor of Arts in Business Administration from the University of Western Ontario and an MBA degree from Harvard University. In addition, Mr. Burton has a CPA, CA designation. Mr. Burton recently retired as Vice-Chairman of RBC Capital Markets after a distinguished 36-year career at RBC where he led domestic and global banking teams providing financial and strategic advice to executive teams and boards of directors. During his tenure at RBC, he served as a member of RBC's investment banking management committee, investment strategy committee and RBC Dominion Securities audit committee. 공시 • Dec 06
Russel Metals Inc. (TSX:RUS) entered into an agreement to acquire Seven Service Centers of Samuel, Son & Co., Limited for approximately CAD 230 million. Russel Metals Inc. (TSX:RUS) entered into an agreement to acquire Seven Service Centers of Samuel, Son & Co., Limited for approximately CAD 230 million on December 4, 2023. The assets to be acquired include five locations in Western Canada and two locations in the US Northeast. The purchase price is based on the net book value of the working capital which was approximately CAD 186 million at September 30, 2023, plus the net book value of the related equipment and machinery for CAD 29 million plus an additional CAD 10 million and subject to closing working capital and other normal course adjustments. As part of the transaction approximately 340 Samuel employees join the Russel family. The transaction will be financed from our cash on hand, which totaled CAD 569 million on September 30, 2023. For 2022, the seven service centers acquired had revenue of CAD 704 million and adjusted EBITDA of CAD 33 million. The transaction is subject to Canadian regulatory clearance as well as other customary closing conditions and is expected to close in the first or second quarter of 2024. 공시 • Nov 10
Russel Metals Inc. Declares Dividend, Payable on December 15, 2023 Russel Metals Inc. declared a dividend of $0.40 per share, payable on December 15, 2023, to shareholders of record at the close of business on November 29, 2023. 공시 • Sep 06
Marubeni-Itochu Tubulars America, Inc. acquired 50% stake in Trimark Tubulars Ltd. from Russel Metals Inc. (TSX:RUS) for approximately CAD 61 million. Marubeni-Itochu Tubulars America, Inc. entered into an agreement to acquire 50% stake in Trimark Tubulars Ltd. from Russel Metals Inc. (TSX:RUS) for approximately CAD 61 million on July 31, 2023. Under the terms of agreement, consideration is subject to normal course closing adjustments. The transaction is subject to customary regulatory approvals and is expected to close in the third quarter of 2023.
Marubeni-Itochu Tubulars America, Inc. completed the acquisition of 50% stake in Trimark Tubulars Ltd. from Russel Metals Inc. (TSX:RUS) on September 5, 2023. 공시 • Aug 12
Russel Metals Inc. (TSX:RUS) entered into an agreement to acquire Alliance Supply Ltd. Russel Metals Inc. (TSX:RUS) entered into an agreement to acquire Alliance Supply Ltd. on August 10, 2023. As of August 10, 2023, Alliance reported the revenue of $23 million for the period ended 2022. 공시 • Aug 01
Marubeni-Itochu Tubulars America, Inc. entered into an agreement to acquire 50% stake in Trimark Tubulars Ltd. from Russel Metals Inc. (TSX:RUS) for approximately CAD 61 million. Marubeni-Itochu Tubulars America, Inc. entered into an agreement to acquire 50% stake in Trimark Tubulars Ltd. from Russel Metals Inc. (TSX:RUS) for approximately CAD 61 million on July 31, 2023. Under the terms of agreement, consideration is subject to normal course closing adjustments. The transaction is subject to customary regulatory approvals and is expected to close in the third quarter of 2023. 공시 • May 10
Russel Metals Inc. Declares Quarterly Dividend, Payable on June 15, 2023 Russel Metals Inc. declared an increase in its quarterly dividend to $0.40 per share, payable on June 15, 2023, to shareholders of record at the close of business on May 30, 2023. This represents a 5% increase from the prior dividend and equates to an annualized dividend of $1.60 per share. 공시 • Feb 10
Russel Metals Inc. Declares Dividend, Payable on March 15, 2023 Russel Metals Inc. declared a dividend of $0.38 per share, payable on March 15, 2023, to shareholders of record at the close of business on February 28, 2023. 공시 • May 20
Russel Metals Inc. to Report Q4, 2022 Results on Feb 09, 2023 Russel Metals Inc. announced that they will report Q4, 2022 results on Feb 09, 2023 공시 • Dec 23
Russel Metals Inc. (TSX:RUS) entered into an agreement to acquire Sanborn Tube Sales of Wisconsin, Inc. Russel Metals Inc. (TSX:RUS) entered into an agreement to acquire Sanborn Tube Sales of Wisconsin, Inc. on December 22, 2020. Sanborn employees will join the Russel family. The transaction is expected to close on or prior to December 31, 2020. 공시 • Oct 29
Russel Metals Inc. announced that it has received CAD 150 million in funding On October 27, 2020, Russel Metals Inc. (TSX:RUS) closed the transaction. 공시 • Oct 14
Russel Metals Inc. announced that it expects to receive CAD 150 million in funding Russel Metals Inc. (TSX:RUS) announced that it has entered into a bought deal agreement for a private placement of senior unsecured notes due 2025 for gross proceeds of CAD 150,000,000 on October 13, 2020. The notes will bear a coupon rate of 5.75% per annum. The notes will mature in 2026. The transaction is expected to close on or about October 27, 2020, subject to customary closing conditions. 공시 • Oct 06
Russel Metals Inc. to Report Q3, 2020 Results on Nov 04, 2020 Russel Metals Inc. announced that they will report Q3, 2020 results at 5:00 PM, US Eastern Standard Time on Nov 04, 2020 공시 • Oct 02
Russel Metals Inc. Announces Appointment of Roger D. Paiva to the Board of Directors Russel Metals Inc. announced the appointment of Roger D. Paiva to the Company's Board of Directors. Mr. Paiva holds a BSc. in mechanical engineering and is a seasoned steel manufacturing executive who has led strategy, operations and safety performance for plant facilities in North and South America during his nearly 40-year career with Gerdau Steel Company.