Russel Metals

Russel Metals Declares 77th Consecutive Quarterly Common Share Dividend

Tuesday, May 4, 2021 - 10:02pm

b'TORONTO, May 4, 2021 /PRNewswire/ - Russel Metals Inc. (TSX: RUS) announces that it has declared a dividend in the amount of CA$0.38 per share on its common shares, payable on June 15, 2021 to shareholders of record at the close of business on May 27, 2021.\nRussel Metals is one of the largest metals distribution companies in North America.

Key Points: 
  • b'TORONTO, May 4, 2021 /PRNewswire/ - Russel Metals Inc. (TSX: RUS) announces that it has declared a dividend in the amount of CA$0.38 per share on its common shares, payable on June 15, 2021 to shareholders of record at the close of business on May 27, 2021.\nRussel Metals is one of the largest metals distribution companies in North America.
  • It carries on business in three segments: metals service centers, energy products and steel distributors.
  • Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals.
  • Its energy products operations carry a specialized product line focused on the needs of energy industry customers.

Russel Metals and Marubeni-Itochu To Merge Their Canadian OCTG/Line Pipe Businesses

Wednesday, April 14, 2021 - 10:01pm

b'TORONTO, April 14, 2021 /PRNewswire/ -Russel Metals Inc. (TSX: RUS) announces that it has entered into an agreement with Marubeni-Itochu Tubulars America Inc. ("MITI"), whereby Russel Metals and MITI will combine their respective Canadian OCTG/line pipe businesses.

Key Points: 
  • b'TORONTO, April 14, 2021 /PRNewswire/ -Russel Metals Inc. (TSX: RUS) announces that it has entered into an agreement with Marubeni-Itochu Tubulars America Inc. ("MITI"), whereby Russel Metals and MITI will combine their respective Canadian OCTG/line pipe businesses.
  • In conjunction with the combination, Russel Metals will receive a substantial portion of its contributed net asset value in cash proceeds, in addition to retaining a 50% equity interest in the combined venture.\nCurrently, Russel Metals operates its Canadian OCTG/line pipe business through its wholly owned subsidiary Triumph Tubular & Supply Ltd. ("Triumph"), and MITI operates its Canadian OCTG/line pipe business through its wholly owned subsidiary Hallmark Tubulars Ltd. ("Hallmark").
  • "\nRussel Metals will contribute net assets with a book value of approximately $111 million, subject to adjustments, primarily comprised of Triumph\'s inventories less its accounts payables.
  • For the year ended December 31, 2020, Triumph generated revenues of $165 million and an operating loss of $3 million.

Russel Metals Declares 76th Consecutive Quarterly Common Share Dividend

Wednesday, February 10, 2021 - 10:02pm

TORONTO, Feb. 10, 2021 /PRNewswire/ -Russel Metals Inc. (TSX: RUS) announces that it has declared a dividend in the amount of CA$0.38 per share on its common shares, payable on March 15, 2021 to shareholders of record at the close of business on February 26, 2021.

Key Points: 
  • TORONTO, Feb. 10, 2021 /PRNewswire/ -Russel Metals Inc. (TSX: RUS) announces that it has declared a dividend in the amount of CA$0.38 per share on its common shares, payable on March 15, 2021 to shareholders of record at the close of business on February 26, 2021.
  • Russel Metals is one of the largest metals distribution companies in North America.
  • It carries onbusiness in three metals distribution segments: metals service centers, energy products and steel distributors.
  • Its energy products operations carry a specialized product line focused on the needs of energy industry customers.

Russel Metals Closes Acquisition of Sanborn

Monday, January 4, 2021 - 1:00pm

TORONTO, Jan. 4, 2021 /PRNewswire/ -Russel Metals Inc. (TSX: RUS) announces that it has closed its acquisition of Sanborn Tube Sales of Wisconsin, Inc. ("Sanborn").

Key Points: 
  • TORONTO, Jan. 4, 2021 /PRNewswire/ -Russel Metals Inc. (TSX: RUS) announces that it has closed its acquisition of Sanborn Tube Sales of Wisconsin, Inc. ("Sanborn").
  • President and CEO John Reid said, "I am pleased to welcome the Sanborn employees to the Russel Metals family and look forward to further advancing our value-added strategic initiatives in 2021."
  • Russel Metals is one of the largest metals distribution companies in North America.
  • It carries onbusiness in three metals distribution segments: metals service centers, energy products and steel distributors.

Russel Metals Announces Agreement to Acquire Sanborn

Tuesday, December 22, 2020 - 1:00pm

TORONTO, Dec. 22, 2020 /PRNewswire/ -Russel Metals Inc. (TSX: RUS) announces that it has entered into an agreement to acquire Sanborn Tube Sales of Wisconsin, Inc. ("Sanborn").

Key Points: 
  • TORONTO, Dec. 22, 2020 /PRNewswire/ -Russel Metals Inc. (TSX: RUS) announces that it has entered into an agreement to acquire Sanborn Tube Sales of Wisconsin, Inc. ("Sanborn").
  • Sanborn is a metals service center with a heavy emphasis in value-added processing.
  • Sanborn has been both a customer and supplier to Russel's Wisconsin division, Russel Metals Williams Bahcall, and Sanborn's value-added processing capabilities accelerate our strategic plans in the area.
  • Russel Metals is one of the largest metals distribution companies in North America.

Russel Metals Declares 75th Consecutive Quarterly Common Share Dividend

Wednesday, November 4, 2020 - 10:02pm

TORONTO, Nov. 4, 2020 /PRNewswire/ - Russel Metals Inc. (TSX: RUS) announces that it has declared a dividend in the amount of CA$0.38 per share on its common shares, payable on December 15, 2020 to shareholders of record at the close of business on November 25, 2020.

Key Points: 
  • TORONTO, Nov. 4, 2020 /PRNewswire/ - Russel Metals Inc. (TSX: RUS) announces that it has declared a dividend in the amount of CA$0.38 per share on its common shares, payable on December 15, 2020 to shareholders of record at the close of business on November 25, 2020.
  • Russel Metals is one of the largest metals distribution companies in North America.
  • It carries onbusiness in three metals distribution segments: metals service centers, energy products and steel distributors.
  • Its energy products operations carry a specialized product line focused on the needs of energy industry customers.

Russel Metals to Redeem $150 Million of Its Outstanding 6.00% Senior Unsecured Notes Due April 19, 2022

Thursday, October 1, 2020 - 1:30pm

This redemption represents half of the original $300 million principal amount of the Notes and will be financed through cash on hand and borrowings under the company's credit facility.

Key Points: 
  • This redemption represents half of the original $300 million principal amount of the Notes and will be financed through cash on hand and borrowings under the company's credit facility.
  • Russel Metals is one of the largest metals distribution companies in North America.
  • It carries onbusiness in three metals distribution segments: metals service centers, energy products and steel distributors.
  • Its energy products operations carry a specialized product line focused on the needs of energy industry customers.

Russel Metals Announces Appointment of Roger D. Paiva to the Board of Directors

Thursday, October 1, 2020 - 12:30pm

TORONTO, Oct. 1, 2020 /PRNewswire/ - Russel Metals Inc. (TSX: RUS) announces the appointment of Roger D. Paiva to the Company's Board of Directors.

Key Points: 
  • TORONTO, Oct. 1, 2020 /PRNewswire/ - Russel Metals Inc. (TSX: RUS) announces the appointment of Roger D. Paiva to the Company's Board of Directors.
  • Russel's Board Chair Jim Dinning commented, "We welcome Roger Paiva to the Company.Roger brings extensive steel business experience to Russel's board.
  • Russel Metals is one of the largest metals distribution companies in North America.
  • It carries onbusiness in three metals distribution segments: metals service centers, energy products and steel distributors.

Russel Metals Announces Extension of its $450 Million Credit Facility

Tuesday, September 29, 2020 - 10:01pm

TORONTO, Sept. 29, 2020 /PRNewswire/ - Russel Metals Inc. (TSX: RUS) announces that it has extended its $450 million credit facility with a syndicate of major banks led by RBC Capital Markets.

Key Points: 
  • TORONTO, Sept. 29, 2020 /PRNewswire/ - Russel Metals Inc. (TSX: RUS) announces that it has extended its $450 million credit facility with a syndicate of major banks led by RBC Capital Markets.
  • In addition to the extension, the credit agreement has been updated to provide additional borrowing base flexibility and other improvements.
  • Russel Metals is one of the largest metals distribution companies in North America.
  • It carries onbusiness in three metals distribution segments: metals service centers, energy products and steel distributors.

Russel Metals Declares 74th Consecutive Quarterly Common Share Dividend

Thursday, August 6, 2020 - 10:02pm

TORONTO, August 6, 2020 /PRNewswire/ -Russel Metals Inc. (TSX: RUS) announces that it has declared a dividend in the amount of CA$0.38 per share on its common shares, payable on September 15, 2020 to shareholders of record at the close of business on August 27, 2020.

Key Points: 
  • TORONTO, August 6, 2020 /PRNewswire/ -Russel Metals Inc. (TSX: RUS) announces that it has declared a dividend in the amount of CA$0.38 per share on its common shares, payable on September 15, 2020 to shareholders of record at the close of business on August 27, 2020.
  • Russel Metals is one of the largest metals distribution companies in North America.
  • It carries onbusiness in three metals distribution segments: metals service centers, energy products and steel distributors.
  • Its energy products operations carry a specialized product line focused on the needs of energy industry customers.