RYI
Ryerson Holding Corporation24.49
+0.71+2.99%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
788.81MP/E (TTM)
-Basic EPS (TTM)
-0.71Dividend Yield
0.03%Recent Filings
8-K
Ryerson merges with Olympic Steel
Ryerson Holding announced a merger with Olympic Steel on October 28, 2025, via an all-stock deal where Olympic shareholders receive 1.7105 Ryerson shares per share, owning 37% of the combined entity. This positions the firm as North America's second-largest metals service center, processing 2.9 million tons annually with $6.5 billion in revenue, while targeting $120 million in synergies by year two through procurement and network efficiencies. The deal, closing in Q1 2026 pending approvals, bolsters value-added processing yet faces integration risks.
10-Q
Q3 FY2025 results
Ryerson's Q3 net sales rose 3.1% y/y to $1,161.5M, driven by 3.1% higher average selling prices amid tariff support and rising inputs, while tons sold held flat at 485K; yet gross margin slipped to 17.2% from 17.9%, yielding an operating loss of $1.0M versus $5.3M profit last year. YTD, sales fell 3.5% to $3,466.5M with 0.3% lower volumes, but operating income narrowed to $7.1M from $28.9M as LIFO expense flipped to $33.2M. Diluted EPS matched at $(0.46) for the quarter, confirmed against 32.2M shares with anti-dilution from 1.2M options. Cash dipped to $29.8M, total debt climbed to $499.7M under the $1.3B facility (5.6% rate, $443M available), while operating cash used $25.7M and FCF $(56.4M) (derived) amid inventory tweaks. Non-GAAP metrics not disclosed in the 10-Q. On October 28, 2025, Ryerson inked a merger for Olympic Steel via stock exchange, pending approvals. Soft demand lingers from industrial contraction.
10-Q
Q2 FY2025 results
Ryerson's Q2 revenue dipped 4.6% y/y to $1,169.3M, with shipments off 1.4% amid softer industrial demand, yet gross margin held steady at 17.9% thanks to lower input costs. Operating profit slid to $5.8M from $22.8M, pressured by higher warehousing and delivery expenses up 2.3% y/y, while net income swung to $1.9M from $9.9M, boosted by a $8.4M tax benefit. Q/q, revenue rose 2.8% (derived) on 0.2% shipment gains and pricing lift from tariffs. Cash used in operations improved to $17.4M for H1, with $30.8M on hand and $407M revolver availability against $510.2M debt at 5.7% average rate maturing 2027. Free cash flow stood negative at $39.3M for H1 (derived). Diluted EPS of $0.06 reconciles to 32.4M shares. Tariffs cloud supply chains.
8-K
Ryerson Q2 revenue up 3%
Ryerson Holding Corporation reported Q2 2025 revenue of $1.17 billion, up 3.0% quarter-over-quarter, driven by 2.8% higher average selling prices and flat tons shipped at 501 thousand, amid recessed manufacturing demand. Net income swung to $1.9 million from a prior loss, with Adjusted EBITDA excluding LIFO hitting $45.0 million at the top of guidance, fueled by market share gains and transactional business growth offsetting weaker contractual volumes. The board declared a $0.1875 per share dividend, payable September 18. Q3 guidance projects shipments down 2-4%, sales of $1.14-1.18 billion, and Adjusted EBITDA excluding LIFO of $40-45 million. Debt rose to $510 million.
8-K
EVP Orth departs Ryerson
Ryerson Holding Corporation's Executive Vice President of Operations, John Orth, is departing effective July 31, 2025, after stepping down from all positions with the company and its subsidiaries. He will receive severance benefits as outlined in his employment agreement. This leadership shift leaves operations without a named successor yet. Investors should watch for interim arrangements.
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