Russel Metals’ profits shrink on lower volumes, pricing
May 03, 2013 | 01:42 PM
CHICAGO Service center operator and energy products distributor Russel Metals Inc. recorded a narrower profit in the first quarter despite a boost in sales as the company saw decreased demand in some sectors as well as lower selling prices.
Mississauga, Ontario-based Russel posted net income of Canadian $21.7 million ($21.5 million) for the three months ended March 31, down 34 percent from C$32.9 million in the same period last year, on revenue that rose 2.4 percent to Canadian $821.8 million ($814.7 million).....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.