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Russel Metals’ Q1 profits fall

Russel Metals, Ontario-based metals service center posted profit in the first quarter totaled US$19 million, falling from US$29 million in the same period of a year earlier.
The firm’s incomes amounted to around US$900 million. The shipemnts from its metals service center decreased by 3% year on year. Its gross margins were at 20.0%, lower than 21.7% in the first quarter of 2014.
In addition, the sales revenues from its steel distribution segment rose by 36% year on year to US$119 million in the first quarter.

Yieh.com

May 10, 2015 10:04
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