2024-02-09 12:54:09 ET
Russel Metals, Inc. (RUSMF)
Q4 2024 Results Conference Call
February 09, 2024 09:00 AM ET
Company Participants
Marty Juravsky - Executive Vice President and CFO
John Reid - Chief Executive Officer
Conference Call Participants
James McGarragle - RBC Capital Markets
Michael Doumet - Scotiabank
Davis Baynton - BMO Capital Markets
Jonathan Lamers - Laurentian Securities
Michael Tupholme - TD Securities
Ian Gillies - Stifel
Maxim Sytchev - National Bank Financial
Frederic Bastien - Raymond
Presentation
Operator
Good morning, ladies and gentlemen, and welcome to our 2023 Year-End and Fourth Quarter Results Conference Call for Russel Metals. Today's call is hosted by Marty Juravsky, Executive Vice President and Chief Financial Officer; and John Reid, President and Chief Executive Officer of Russel Metals. Today's presentation will be followed by a question-and-answer period. [Operator Instructions]
I will now turn the call over to Marty Juravsky, CFO and John Reid, CEO. Please go ahead, gentlemen.
Marty Juravsky
Great. Thank you, operator and good morning to everyone. I plan on providing an overview of the Q4 2023 results and if you want to follow along, I'll be using the slides that are located on our website. All you need to do is go into the Investor Relations section. It's located in the area called Conference Call and you'll find the slide there.
If you go to Page 3, you can read our cautionary statement on forward-looking information. Let me start with a little bit of a perspective and context around 2023. First of all, I want to thank the 3,500 people that are part of the Russell family. The team effort has been truly exceptional and we were very proud of how the group came together and delivered not just in 2023, but over the last number of years.
Second, I want to thank our shareholders for granting us the patience as we implemented a series of initiatives over the past few years. It probably sounds like a cliche to say that we are focused on advancing the business for the long-term, but we try to be very targeted in how, when and where we deployed capital.
If we look at 2023, our safety record is the best in our history and we were recently recognized with an award by our industry peers. There's a robust pipeline of internal investments with some projects being completed in 2023 and many more in progress for 2024 and beyond. This pipeline of projects has targeted value added equipment and facility modernizations, and that pipeline is now the largest backlog in our history....
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Russel Metals, Inc. (RUSMF) Q4 2024 Earnings Call Transcript