10
May
20:43
Russel Metals reports lower first-quarter earnings
Russel Metals, a Canadian service centre chain headquartered in Toronto, Ontario, reported an on-year decline in both revenue and earnings during the first quarter.
The company earned CAD 74 million ($55.3m) on sales of CAD 1.2 billion during Q1. Russel Metals’ performance for the period was up sequentially from earnings of CAD 58m on sales of CAD 1.1 billion at the end of last year, but down below Q1 2022 earnings of CAD 99m on sales of CAD 1.3 billio…
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Very good overview of the weekly steel market.
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