Russel Metals Inc. (RUS) Q4 2025 Earnings Call

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WEBVTT 00:00:01.145 -- 00:00:05.731 Good morning, ladies and gentlemen, and welcome to our 2025 year-end and fourth quarter 00:00:05.731 -- 00:00:09.356 results for Russell Metals. Today's call will be hosted by Mr. 00:00:09.356 -- 00:00:14.002 Martin Jaresti, Executive Vice President and Chief Financial Officer, and Mr. 00:00:14.002 -- 00:00:18.348 John Meade, President and Chief Executive Officer of Russell Metal Bank. 00:00:18.348 -- 00:00:22.233 Today's presentation will be followed by a question and answer period. 00:00:22.233 -- 00:00:26.899 At that time, if you have a question, please press star 1 on your telephone keypad. 00:00:26.899 -- 00:00:29.562 I will now turn the meeting over to Mr. Martin Jaresti. 00:00:29.562 -- 00:00:31.084 Please go ahead, Mr. Jarafsky. 00:00:31.084 -- 00:00:32.847 Thank 00:00:32.847 -- 00:00:35.952 you. Great. Thank you, Operator. Good morning, everyone. 00:00:35.952 -- 00:00:41.481 I plan on providing an overview of the full year and Q4 2025 results. 00:00:41.481 -- 00:00:45.067 And if you want to follow along, I'll be using the PowerPoint slides that are on our 00:00:45.067 -- 00:00:50.075 website. And just go to the investor relations section, and it's located in the conference 00:00:50.075 -- 00:00:52.239 call submenu. 00:00:52.239 -- 00:00:57.524 If you go to page three, you can read our cautionary statement on forward-looking information. 00:00:57.524 -- 00:01:03.714 So before I go into detail on the fourth quarter, I want to provide a little context. 00:01:03.714 -- 00:01:07.860 I view Q4 and even full year 2025 00:01:07.860 -- 00:01:09.983 as continuations 00:01:09.983 -- 00:01:15.091 of a broader game plan that has been unfolding over several years. 00:01:15.091 -- 00:01:19.859 If you go to page five, you'll get a bit of ...