Russel Metals Posts Record Revenue and Profit in Q3 2026
Russel Metals reported record quarterly revenues of $1.8 billion and adjusted EBITDA of $230 million for the three months ended September 30, 2026.
Russel Metals Inc. delivered a record-breaking third quarter, with revenues reaching $1.8 billion for the three months ended September 30, 2026, the Toronto-based metals distributor announced Thursday. The results mark new highs across multiple key financial metrics for the TSX-listed company.
Adjusted earnings before interest, taxes, depreciation and amortization came in at $230 million for the quarter, while adjusted earnings per share hit $2.67 — both figures representing quarterly records for the company. The simultaneous achievement of records across revenue, EBITDA and per-share earnings signals broad-based operational strength rather than gains concentrated in a single segment.
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Russel Metals operates primarily as a metals service center and distributor, supplying steel and other metals to industrial customers across North America. The company's quarterly performance reflects conditions in the broader metals supply chain, including pricing dynamics and end-market demand from sectors such as energy, construction and manufacturing.
Analysts and investors will likely scrutinize the sustainability of these record results given ongoing volatility in global steel pricing and shifting industrial demand patterns. The company's ability to maintain elevated margins while growing top-line revenue underscores the operational leverage inherent in large-scale metals distribution at current price levels.
Continue reading at Earnings for the full financial breakdown and management commentary.
