Russel Metals Posts Record Revenue of $1.8B in Q3 2026
Russel Metals set quarterly records for revenue, adjusted EBITDA, and adjusted EPS in its third quarter ended September 30, 2026.
Russel Metals Inc. reported record-breaking financial results for the third quarter of 2026, with revenue reaching $1.8 billion, the company announced Thursday from Toronto. The Canadian steel distributor, listed on the Toronto Stock Exchange under the ticker RUS, surpassed its own benchmarks across multiple key performance indicators during the three-month period ending September 30.
Adjusted earnings before interest, taxes, depreciation, and amortization climbed to $230 million for the quarter, also a company record. Adjusted earnings per share came in at $2.67, rounding out a trio of historic highs for the metals distribution and processing firm.
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The results underscore the strength of demand across Russel Metals' business segments during the quarter, suggesting continued resilience in the North American steel distribution market despite broader macroeconomic uncertainties. The company's ability to set records simultaneously across revenue, profitability, and per-share earnings metrics signals operational leverage at scale.
Russel Metals operates primarily as a metals service center and distributor, supplying steel and other metals products to industrial customers across Canada and the United States. Strong pricing conditions and volume throughput are typically the primary drivers of outperformance in a given quarter for companies in this sector.
Continue reading at Earnings for the full financial breakdown and management commentary.
