Russel Historical Income Statement

RUS Stock

CAD 44.76 0.96 2.19%

Historical analysis of Russel Metals income statement accounts such as Other Operating Expenses of 2.7 B, Operating Income of 588.2 M, EBIT of 378.2 M or Ebitda of 449.6 M can show how well Russel Metals performed in making a profits. Evaluating Russel Metals income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Russel Metals's future profits or losses.

Cash Flow Balance Sheet Income Statement

Dot-com Bubble

Housing Crash

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Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining Russel Metals latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Russel Metals is a good buy for the upcoming year.

Net Income Gross Profit

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Russel Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About Russel Income Statement Analysis

Russel Metals Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Russel Metals shareholders. The income statement also shows Russel investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Russel Metals Income Statement Chart

At this time, Russel Metals' Net Income is very stable compared to the past year. As of the 27th of November 2024, Net Income Applicable To Common Shares is likely to grow to about 449.1 M, while Interest Expense is likely to drop about 16.9 M.

Total Revenue Gross Profit Other Operating Expenses Operating Income Ebitda

Total Revenue

Total revenue comprises all receipts Russel Metals generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Russel Metals minus its cost of goods sold. It is profit before Russel Metals operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Russel Metals. It is also known as Russel Metals overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from Russel Metals operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Russel Metals is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most accounts from Russel Metals' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Russel Metals current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Russel Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

	2021	2022	2023	2024 (projected)
Gross Profit	1.2B	1.1B	956.5M	1.0B
Total Revenue	4.2B	5.1B	4.5B	2.8B

Gross Profit Total Revenue

Russel Metals income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Selling And Marketing Expenses	Net Income From Continuing Ops	Minority Interest	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.05	0.5	0.7	0.47	0.71	0.58	0.64	0.49	0.33	0.58	-0.45	0.6	0.39	0.56	-0.27	0.52	-0.59	0.64	-0.53	0.09	0.97
Interest Expense	0.05		0.47	0.2	0.54	-0.12	-0.1	-0.09	0.49	0.64	-0.15	0.04	-0.14	-0.09	-0.32	0.24	-0.21	0.28	-0.15	0.32	-0.39	0.05
Total Revenue	0.5	0.47		0.84	0.99	0.67	0.72	0.72	0.99	0.84	0.69	-0.02	0.69	0.73	0.58	0.28	0.69	-0.02	0.68	-0.37	-0.06	0.51
Gross Profit	0.7	0.2	0.84		0.79	0.92	0.91	0.92	0.79	0.7	0.9	-0.2	0.91	0.83	0.65	0.0	0.82	-0.38	0.86	-0.6	0.14	0.64
Other Operating Expenses	0.47	0.54	0.99	0.79		0.59	0.64	0.65	0.99	0.86	0.61	-0.02	0.61	0.65	0.5	0.32	0.6	0.01	0.61	-0.31	-0.11	0.47
Operating Income	0.71	-0.12	0.67	0.92	0.59		0.94	0.95	0.62	0.38	0.94	-0.3	0.95	0.82	0.79	-0.23	0.87	-0.59	0.84	-0.65	0.4	0.68
Ebit	0.58	-0.1	0.72	0.91	0.64	0.94		1.0	0.65	0.51	1.0	0.02	1.0	0.95	0.77	0.07	0.96	-0.31	0.88	-0.57	0.18	0.58
Ebitda	0.64	-0.09	0.72	0.92	0.65	0.95	1.0		0.66	0.51	1.0	-0.02	1.0	0.94	0.78	0.04	0.96	-0.35	0.89	-0.58	0.18	0.63
Cost Of Revenue	0.49	0.49	0.99	0.79	0.99	0.62	0.65	0.66		0.8	0.62	-0.06	0.62	0.64	0.55	0.26	0.61	-0.06	0.6	-0.31	-0.04	0.49
Total Operating Expenses	0.33	0.64	0.84	0.7	0.86	0.38	0.51	0.51	0.8		0.48	0.16	0.48	0.57	0.23	0.5	0.47	0.29	0.57	-0.25	-0.4	0.31
Income Before Tax	0.58	-0.15	0.69	0.9	0.61	0.94	1.0	1.0	0.62	0.48		-0.02	1.0	0.95	0.78	0.03	0.96	-0.33	0.89	-0.61	0.21	0.58
Total Other Income Expense Net	-0.45	0.04	-0.02	-0.2	-0.02	-0.3	0.02	-0.02	-0.06	0.16	-0.02		-0.03	0.16	-0.11	0.82	0.1	0.76	-0.1	0.51	-0.64	-0.33
Net Income	0.6	-0.14	0.69	0.91	0.61	0.95	1.0	1.0	0.62	0.48	1.0	-0.03		0.94	0.78	0.02	0.96	-0.35	0.88	-0.61	0.21	0.6
Income Tax Expense	0.39	-0.09	0.73	0.83	0.65	0.82	0.95	0.94	0.64	0.57	0.95	0.16	0.94		0.75	0.22	0.97	-0.06	0.86	-0.54	0.1	0.43
Selling General Administrative	0.56	-0.32	0.58	0.65	0.5	0.79	0.77	0.78	0.55	0.23	0.78	-0.11	0.78	0.75		-0.02	0.82	-0.32	0.74	-0.47	0.27	0.59
Selling And Marketing Expenses	-0.27	0.24	0.28	0.0	0.32	-0.23	0.07	0.04	0.26	0.5	0.03	0.82	0.02	0.22	-0.02		0.15	0.8	0.04	0.38	-0.66	-0.18
Net Income From Continuing Ops	0.52	-0.21	0.69	0.82	0.6	0.87	0.96	0.96	0.61	0.47	0.96	0.1	0.96	0.97	0.82	0.15		-0.17	0.89	-0.56	0.13	0.56
Minority Interest	-0.59	0.28	-0.02	-0.38	0.01	-0.59	-0.31	-0.35	-0.06	0.29	-0.33	0.76	-0.35	-0.06	-0.32	0.8	-0.17		-0.25	0.48	-0.66	-0.46
Tax Provision	0.64	-0.15	0.68	0.86	0.61	0.84	0.88	0.89	0.6	0.57	0.89	-0.1	0.88	0.86	0.74	0.04	0.89	-0.25		-0.76	0.03	0.63
Interest Income	-0.53	0.32	-0.37	-0.6	-0.31	-0.65	-0.57	-0.58	-0.31	-0.25	-0.61	0.51	-0.61	-0.54	-0.47	0.38	-0.56	0.48	-0.76		-0.37	-0.45
Net Interest Income	0.09	-0.39	-0.06	0.14	-0.11	0.4	0.18	0.18	-0.04	-0.4	0.21	-0.64	0.21	0.1	0.27	-0.66	0.13	-0.66	0.03	-0.37		0.03
Reconciled Depreciation	0.97	0.05	0.51	0.64	0.47	0.68	0.58	0.63	0.49	0.31	0.58	-0.33	0.6	0.43	0.59	-0.18	0.56	-0.46	0.63	-0.45	0.03

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Russel Metals Account Relationship Matchups

Russel Metals income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	56.7M	60.6M	57.9M	66.1M	68M	71.4M
Interest Expense	31.6M	40.9M	36.7M	26M	28.8M	16.9M
Total Revenue	3.7B	2.7B	4.2B	5.1B	4.5B	2.8B
Gross Profit	640M	518.7M	1.2B	1.1B	956.5M	1.0B
Other Operating Expenses	3.5B	2.6B	3.6B	4.6B	3.9B	2.7B
Operating Income	144.2M	91.3M	608.4M	514.1M	560.2M	588.2M
Ebit	144.2M	64.6M	600M	514.3M	360.2M	378.2M
Ebitda	200.9M	125.2M	657.9M	580.4M	428.2M	449.6M
Cost Of Revenue	3.0B	2.2B	3.0B	3.9B	3.5B	2.4B
Total Operating Expenses	495.8M	427.4M	610.1M	645.7M	396.3M	265.6M
Income Before Tax	105.4M	27.9M	580.1M	487.5M	348.7M	366.1M
Total Other Income Expense Net	(38.8M)	(63.4M)	(22.2M)	(26.6M)	(211.5M)	(200.9M)
Net Income	76.6M	24.5M	432.2M	371.9M	266.7M	280.0M
Income Tax Expense	28.8M	3.4M	147.9M	115.6M	82M	45.2M
Selling General Administrative	301.4M	239.3M	384.6M	407.3M	405.2M	336.2M
Selling And Marketing Expenses	66.2M	58.1M	65.4M	97.6M	14.1M	13.4M
Net Income From Continuing Ops	76.6M	24.5M	432.2M	371.9M	266.7M	169.7M
Net Income Applicable To Common Shares	76.6M	24.5M	432.2M	371.9M	427.7M	449.1M
Tax Provision	28.8M	3.4M	147.9M	115.6M	82M	65.3M
Interest Income	40.9M	36.7M	26.3M	27.5M	19.9M	23.9M
Net Interest Income	(40.9M)	(36.7M)	(26M)	(25.3M)	(8.9M)	(9.3M)
Reconciled Depreciation	56.7M	60.6M	57.9M	66.1M	67.4M	59.5M

Pair Trading with Russel Metals

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Russel Metals position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Russel Metals will appreciate offsetting losses from the drop in the long position's value.

Moving together with Russel Stock

0.71	NVDA	NVIDIA CDR	Pair Corr
0.83	AMZN	Amazon CDR	Pair Corr
0.69	META	Meta Platforms CDR	Pair Corr

The ability to find closely correlated positions to Russel Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Russel Metals when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Russel Metals - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Russel Metals to buy it.

The correlation of Russel Metals is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Russel Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Russel Metals moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Russel Metals can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Russel Stock

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Russel Historical Income Statement

About Russel Income Statement Analysis

Russel Metals Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Operating Income

Russel Metals income statement Correlations

Russel Metals Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Russel Metals income statement Accounts

Pair Trading with Russel Metals

Moving together with Russel Stock

Other Information on Investing in Russel Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Ebitda	+ 1.0	Ebit
Income Before Tax	+ 1.0	Ebit
Net Income	+ 1.0	Ebit
Income Before Tax	+ 1.0	Ebitda
Net Income	+ 1.0	Ebitda
Net Income	+ 1.0	Income Before Tax

Interest Income	- 0.76	Tax Provision
Net Interest Income	- 0.66	Minority Interest
Net Interest Income	- 0.66	Selling And Marketing Expenses
Interest Income	- 0.65	Operating Income
Net Interest Income	- 0.64	Total Other Income Expense Net
Interest Income	- 0.61	Net Income