Russel Metals Inc. (RUS) Q2 2025 Earnings Call

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WEBVTT 00:00:00.267 -- 00:00:06.134 Ladies and gentlemen, and welcome to our 2025 second quarter results for Russell Metals. 00:00:06.134 -- 00:00:11.219 Today's call will be hosted by Mr. Marty Jurowski, Executive Vice President 00:00:11.219 -- 00:00:15.945 and Chief Financial Officer, and Mr. John Reed, President and Chief Executive Officer 00:00:15.945 -- 00:00:21.651 of Russell Metals. Today's presentation will be followed by a question and answer period. 00:00:21.651 -- 00:00:26.373 At that time, if you have a question, please press star 1 on your telephone keypad. 00:00:26.373 -- 00:00:29.897 Now, let's turn the meeting over to Mr. Marty Dreyfus. 00:00:29.897 -- 00:00:32.079 Please go ahead. 00:00:32.079 -- 00:00:35.523 Great. Thank you, operator, and good morning to everyone. 00:00:35.523 -- 00:00:41.409 I'll be providing an overview of the Q2 2025 results, and if you want to follow along, 00:00:41.409 -- 00:00:44.513 I'll be using the slides that are on our website. 00:00:44.513 -- 00:00:49.558 They can be found in the investor relations section, and it's located in the conference 00:00:49.558 -- 00:00:51.781 call submenu. 00:00:51.781 -- 00:00:58.024 If you go to page three, you can read our cautionary statement on forward-looking information. 00:00:58.024 -- 00:01:04.115 So let me start with page 5 to provide a little bit of a perspective on the quarter. 00:01:04.115 -- 00:01:10.126 In Q2, we generated a sequential improvement in most Q metrics, 00:01:10.126 -- 00:01:15.456 and we looked at the past two quarters, Q1 and Q2, both individually and together. 00:01:15.456 -- 00:01:20.799 We had a very solid improvement. We had an improvement between Q4 00:01:20.799 -- 00:01:25.823 into Q1 and even more impactful improvement between Q1 and Q2, 00:01:25.823 -- 00...