Russel Metals Inc. (RUS:CA) Q2 2026 Earnings Call Transcript

Great. Thank you, operator. Good morning, everyone. I plan on providing an overview of the Q2 2026 results. If you want to follow along, I'll be using the slides that are on our website. You can just go to the Investor Relations section, and it's located in the Conference Call submenu, or you can click on the link that is in the Investor Conference Call paragraph in our Press Release from yesterday. If you go to Page 3, you can read our cautionary statement on forward-looking information. To begin, I think that Q2 provides an indication of how the portfolio changes over the last few years has resulted in a meaningfully reconfigured business with a superior earnings generation profile. Since 2024, we deployed almost $700 million for acquisition and CapEx and sold $90 million of noncore assets. These changes were aimed at