Russel Metals Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CAD 1,109.5 million compared to CAD 1,269.9 million a year ago. Net income was CAD 60.6 million compared to CAD 91.3 million a year ago. Basic earnings per share from continuing operations was CAD 0.99 compared to CAD 1.45 a year ago. Diluted earnings per share from continuing operations was CAD 0.99 compared to CAD 1.45 a year ago.
For the nine months, sales was CAD 3,485.8 million compared to CAD 3,970.8 million a year ago. Net income was CAD 219.5 million compared to CAD 314 million a year ago. Basic earnings per share from continuing operations was CAD 3.55 compared to CAD 4.98 a year ago. Diluted earnings per share from continuing operations was CAD 3.55 compared to CAD 4.97 a year ago.