Russel Metals Inc. (RUS:CA) Q2 2026 Earnings Call August 7, 2026 9:00 AM EDT
Company Participants
Martin Juravsky – Executive VP, CFO & Secretary
John Reid – CEO, President & Director
Conference Call Participants
James McGarragle – RBC Capital Markets, Research Division
Frederic Bastien – Raymond James Ltd., Research Division
Michael Tupholme – TD Cowen, Research Division
Aryan Arora – BMO Capital Markets Equity Research
Ian Gillies – Stifel Nicolaus Canada Inc., Research Division
Maxim Sytchev – National Bank Financial, Inc., Research Division
Presentation
Operator
Good morning, ladies and gentlemen, and welcome to the 2026 Second Quarter Results for Russel Metals.
Today’s call will be hosted by Mr. Martin Juravsky, Executive Vice President and Chief Financial Officer; and Mr. John Reid, President and Chief Executive Officer of Russel Metals Inc.
Today’s presentation will be followed by a question and answer period [Operator Instructions] I will now turn the meeting over to Mr. Martin Juravsky. Please go ahead, Mr. Juravsky. Thank you.
Martin Juravsky
Executive VP, CFO & Secretary
Great. Thank you, operator. Good morning, everyone. I plan on providing an overview of the Q2 2026 results. If you want to follow along, I’ll be using the slides that are on our website. You can just go to the Investor Relations section, and it’s located in the Conference Call submenu, or you can click on the link that is in the Investor Conference Call paragraph in our Press Release from yesterday.
If you go to Page 3, you can read our cautionary statement on forward-looking information.
To begin, I think that Q2 provides an indication of how the portfolio changes over the last few years has resulted in a meaningfully reconfigured business with a superior earnings generation profile. Since 2024, we deployed almost $700 million for acquisition and CapEx and sold $90 million of noncore assets. These changes were aimed at
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