Russel Metals Posts Record Q3 Revenue of $1.8B as Margins Widen
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Toronto – November 04, 2026 -- Russel Metals Inc. (TSX: RUS) posted record quarterly revenue of $1.8 billion for the three months ended September 30, 2026, up 56% from the third quarter of 2025 and 10% from the second quarter. Adjusted EBITDA reached a record $230 million and adjusted earnings per share a record $2.67.
Gross margin widens 330 basis points to 25.9% in one quarter
Average gross margin rose to 25.9% from 22.6% in the second quarter. Russel attributed the gain to favourable market conditions, an improving margin profile at the branches acquired from Kloeckner Metals Corporation, and better margins at its Canadian service center operations.