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Canada's Russel Metals Q4 revenue misses expectations

ReutersFeb 11, 2026 10:09 PM


Overview

  • Canada metals distributor's Q4 revenue missed analyst expectations

  • Q4 EBITDA rose 12% yr/yr to C$69 mln

  • Company completed Kloeckner acquisition, boosting U.S. revenue contribution


Outlook

  • Russel Metals expects improved margins in Q1 2026 due to rising steel prices

  • Company anticipates seasonal recovery in shipments in Q1 2026

  • Russel Metals to benefit from U.S. industrial growth and infrastructure investments


Result Drivers

  • ACQUISITIONS DRIVE REVENUE - Q4 2025 revenue increased 5% year-over-year, primarily due to acquisitions completed in 2024

  • IMPROVED EBITDA - Q4 2025 EBITDA rose 12% year-over-year, aided by improved market conditions and value-added initiatives

  • KLOECKNER ACQUISITION - Completed acquisition expected to increase U.S. revenue contribution to over 50%


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

Miss

C$1.10 bln

C$1.13 bln (6 Analysts)

Q4 EPS

C$0.55

Q4 Net Income

C$30.40 mln

Q4 EBIT

C$45.20 mln

Q4 EBITDA

C$68.60 mln

Press Release: ID:nCNW2dPHFa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

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