Financial Data and Key Metrics Changes - Ryerson reported net sales of $1,170 million, an increase of 3% compared to the first quarter, with average selling prices up 2.8% and tons shipped up fractionally [16] - Gross margin during the quarter contracted by 10 basis points to 17.9%, influenced by a higher than anticipated LIFO expense of $13 million [16] - Adjusted EBITDA excluding LIFO achieved $45 million in Q2 2025, compared to $32.8 million in the prior quarter [17] Business Line Data and Key Metrics Changes - North American shipments decreased by 1.2% quarter over quarter, generating incremental market share gains, particularly in carbon long, carbon plate, and stainless long products [7] - The consumer durable sector, especially in appliances and recreational vehicles, showed relative strength, while the construction equipment sector experienced sequential volume contraction [8] - Transactional sales accounted for approximately 46% of the business, with a focus on improving service levels and lead times to gain more transactional opportunities [31][32] Market Data and Key Metrics Changes - North American industry volumes decreased by 2.1% relative to the first quarter, with Ryerson's performance slightly better than the industry average [7] - The company noted bright spots in subsector industries such as data centers and public infrastructure projects driven by federal investment spending [9] - The pricing environment is expected to remain supportive, leading to average selling price appreciation of 1% to 3% in the upcoming quarter [11] Company Strategy and Development Direction - Ryerson continues to operationalize its capital expenditures, having deployed over $650 million since 2021 to modernize its service center network [4] - The company is focused on managing non-value-added costs and precise working capital management to prepare for the next cyclical upturn [6] - Investments in processing capabilities and maintenance projects are ongoing, with a full-year capital expenditure target of $50 million [12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about medium to long-term demand trends despite current industry downturn challenges, including high interest rates and tariff uncertainties [4] - The company anticipates a softening of volumes by 2% to 4% in the upcoming quarter, but expects pricing to remain supportive [10] - Management highlighted the importance of improving customer experience through operational efficiencies and better service models [26] Other Important Information - Ryerson ended the second quarter with $510 million of total debt and $479 million of net debt, resulting in a leverage ratio of 4.4 times, above the target range [13] - The company distributed $6 million in dividends during the second quarter and announced a similar cash dividend for the third quarter [14] - The Shelbyville facility is currently at about 67% of its volume ramp-up, with expectations for further improvements as investments mature [42] Q&A Session Summary Question: Can you discuss the North American market share growth in Carbon Long and Plate? - Management noted that investments have improved service models and reduced frictional costs, leading to better customer experiences and market share gains [24][26] Question: What was the tax benefit impact on EPS in the second quarter? - The tax benefit was due to reduced earnings and discrete state tax credits, with an expected effective tax rate of around 25% to 26% going forward [28][29] Question: What is the current split between transactional and contractual sales? - The current split is approximately 46% transactional and 54% contractual, with a focus on increasing transactional sales through improved service [31][32] Question: How is the CapEx trend compared to the $50 million target? - Management indicated that the CapEx is a function of timing, and they remain committed to the $50 million target for the year [36] Question: What are the expectations for second half cash flow and leverage ratio? - Management expects to generate cash through the balance of the year, with the leverage ratio anticipated to move back towards the target range [48]

Q2 2025 Performance - Ryerson generated Q2 2025 revenue of $1.17 billion, aligning with guidance, with average selling prices increasing by 2.8% and tons shipped up fractionally compared to the prior quarter[8] - Net income attributable to Ryerson Holding Corporation was $1.9 million, or diluted income per share of $0.06, and Adjusted EBITDA, excluding LIFO, reached $45.0 million[8] - Ryerson ended Q2 2025 with debt of $510 million and net debt of $479 million, compared to $498 million and $464 million, respectively, at the end of Q1 2025[8] - The company's LTM Free Cash Flow Yield is 19.8%[26] Market Trends and Share - Ryerson gained market share while increasing transactional business mix for the fifth consecutive quarter, partially offsetting recessed contractual business[8] - Ryerson's Q2 shipments reflected relative strength in the consumer durable sector and HVAC sector on a QoQ volume basis, offset by weakness in construction and commercial ground transportation[17] - Ryerson grew North American market share in Q2 2025 compared to the industry as measured by the MSCI, with particular growth in carbon long, carbon plate, and stainless long products[18] - North American Industry shipments declined by 2.1% in the second quarter while Ryerson North American shipments declined by 1.2%, implying Ryerson market share growth[8] Q3 2025 Guidance - Ryerson anticipates Q3 2025 net sales between $1.14 billion and $1.18 billion, net income between $0 million and $2 million, and Adjusted EBITDA, excluding LIFO, between $40 million and $45 million[22] - Q3 2025 guidance assumes shipments will decrease between 2% and 4% due to demand environment challenges and normal seasonality patterns, while average selling prices are expected to increase 1% to 3%[24]

Operationalization of significant capex projects continued to progress as we gained market share, continued to grow our transactional business, and achieved Adjusted EBITDA, excl. LIFO at the top of our guidance range.CHICAGO, July 29, 2025 /PRNewswire/ -- Ryerson Holding Corporation (NYSE: RYI), a leading value-added processor and distributor of industrial metals, today reported results for the second quarter ended June 30, 2025.Highlights:  Generated second quarter revenue of $1.17 billion, in-line with g ...

Exhibit 99.1 Ryerson Reports Second Quarter 2025 Results Operationalization of significant capex projects continued to progress as we gained market share, continued to grow our transactional business, and achieved Adjusted EBITDA, excl. LIFO at the top of our guidance range. CHICAGO – July 29, 2025 – Ryerson Holding Corporation (NYSE: RYI), a leading value-added processor and distributor of industrial metals, today reported results for the second quarter ended June 30, 2025. Highlights: Second Quarter Resul ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 001-34735 RYERSON HOLDING CORPORATION (Exact name of registrant as specified in its charter) DELAWARE 26-1251524 (State or other jurisdiction ...

Core Points - Ryerson Holding Corporation will host a conference call to discuss its second quarter 2025 financial results on July 30, 2025 [1] - The earnings report will be released after market close on July 29, 2025 [1] Company Overview - Ryerson is a leading value-added processor and distributor of industrial metals, with operations in the United States, Canada, Mexico, and China [3] - The company was founded in 1842 and currently employs around 4,300 people across over 110 locations [3]

Financial Data and Key Metrics Changes - In Q1 2025, the company reported net sales of $1,140 million, a 12.7% increase from Q4 2024 [17] - Adjusted EBITDA, excluding LIFO, was $32.8 million, compared to $10.3 million in the prior quarter [19] - Gross margin contracted by 100 basis points to 18%, influenced by $7 million in LIFO expense, while excluding LIFO, gross margin expanded by 220 basis points to 18.6% [18] Business Line Data and Key Metrics Changes - Sales volume for Q1 2025 was 500,000 tons, approximately 12% higher quarter over quarter, with North American shipments increasing by almost 14% [9][10] - Average selling prices for carbon products were roughly flat, aluminum products increased by 2%, and stainless steel products decreased by approximately 3% [17] Market Data and Key Metrics Changes - North American industry sales volumes increased by nearly 11% quarter over quarter, indicating a recovery in demand [9] - The company experienced market share gains across most metal product categories, particularly in construction equipment and industrial machinery [10] Company Strategy and Development Direction - The company is focusing on operationalizing significant CapEx investments to improve quality of earnings and customer experiences [4][5] - There is an emphasis on modernizing service center networks and enhancing go-to-market capabilities to drive long-term growth [4] Management's Comments on Operating Environment and Future Outlook - Management noted that while there are challenges in the industrial metal supply and demand dynamics, they anticipate a more robust North American manufacturing economy as trade uncertainties resolve [20] - The outlook for Q2 2025 includes expectations for relatively flat volumes and a revenue range of $1,150 million to $1,190 million, with average selling prices expected to increase by 3% to 4% [11] Other Important Information - The company maintained a $60 million expense reduction target, achieving a $32 expense per ton reduction compared to the previous year [11] - Total debt increased to $498 million, with net debt rising to $464 million, but global liquidity remains healthy at $490 million [14][15] Q&A Session Summary Question: Plans to manage debt levels and drive interest expense lower - Management highlighted the importance of winding down CapEx projects and operationalizing them to improve cash flow and reduce debt [24][26] Question: Second quarter pricing outlook - Management indicated that the OEM contract business has been weak, impacting average selling prices, but noted good transactional growth [29][30] Question: Current split between transactional versus contractual sales - The current split is approximately 47% transactional sales, up from about 43% last year, with a target to reach around 60% [38][40] Question: Portfolio mix and stainless market outlook - Management believes the stainless market will recover and emphasized the importance of maintaining market share while also growing the carbon franchise [42][44]

Financial Data and Key Metrics Changes - In Q1 2025, the company reported net sales of $1,140 million, a 12.7% increase from Q4 2024 [17] - Adjusted EBITDA, excluding LIFO, was $32.8 million, compared to $10.3 million in the prior quarter [19] - Gross margin contracted by 100 basis points to 18%, influenced by $7 million in LIFO expense, while excluding LIFO, gross margin expanded by 220 basis points to 18.6% [18] Business Line Data and Key Metrics Changes - Sales volume for Q1 2025 was 500,000 tons, approximately 12% higher quarter over quarter, with North American shipments increasing by almost 14% [9][10] - Average selling prices for carbon products were roughly flat, aluminum products increased by 2%, and stainless steel products decreased by approximately 3% [17] Market Data and Key Metrics Changes - North American industry sales volumes increased by nearly 11% quarter over quarter, indicating a positive demand environment [9] - The company experienced market share gains across most metal product categories, particularly in construction equipment, metal fabrication, and industrial machinery [10] Company Strategy and Development Direction - The company is focusing on operationalizing significant CapEx investments to improve quality of earnings and customer experiences [4][5] - There is an emphasis on increasing the proportion of transactional sales, targeting a rise from 47% in Q1 2025 towards 60% in the future [39][41] Management's Comments on Operating Environment and Future Outlook - Management noted that while the current industrial metal supply and demand dynamics are challenging, they anticipate a more robust North American manufacturing economy as trade uncertainties resolve [20] - The outlook for Q2 2025 includes expectations for relatively flat volumes and a revenue range of $1,150 million to $1,190 million, with average selling prices expected to increase by 3% to 4% [11] Other Important Information - The company maintained a $60 million expense reduction target, achieving a $32 expense per ton reduction compared to the previous year [11] - Total debt increased to $498 million, with net debt rising to $464 million, but available global liquidity improved to $490 million [14][15] Q&A Session Summary Question: Plans to manage debt levels and reduce interest expense - Management highlighted the importance of winding down CapEx projects and operationalizing them to improve cash flow and reduce debt [25][26] Question: Second quarter pricing outlook - Management indicated that the pricing outlook is affected by OEM contract cuts and customer destocking, impacting average selling prices [30][32] Question: Current split between transactional versus contractual sales - The current split is approximately 47% transactional sales, up from 43% last year, with a target to reach about 60% [39][40] Question: Portfolio mix and stainless market outlook - Management believes the stainless market will recover and emphasized the importance of maintaining market share while also growing the carbon franchise [43][45]

Financial Data and Key Metrics Changes - In Q1 2025, Ryerson reported net sales of $1,140 million, a 12.7% increase from Q4 2024, with low double-digit sequential volume growth across all product categories [16] - Adjusted EBITDA, excluding LIFO, was $32.8 million in Q1 2025, compared to $10.3 million in the prior quarter [18] - Gross margin contracted by 100 basis points to 18%, influenced by $7 million in LIFO expense, while excluding LIFO, gross margin expanded by 220 basis points to 18.6% [17] Business Line Data and Key Metrics Changes - Ryerson's first quarter sales volume was 500,000 tons, approximately 12% higher quarter over quarter, with North American shipments increasing by almost 14% [9] - Average selling price was $2,271 per ton, representing a 1% increase quarter over quarter, with carbon products flat, aluminum products up by 2%, and stainless steel products down by approximately 3% [16] Market Data and Key Metrics Changes - North American industry sales volumes increased by nearly 11% quarter over quarter, indicating a strong market recovery [9] - The company experienced market share gains across most metal product categories, particularly in construction equipment, metal fabrication, and industrial machinery [10] Company Strategy and Development Direction - Ryerson is focusing on operationalizing significant CapEx investments to improve quality of earnings and customer experiences [4] - The company aims to increase its transactional sales from 43% to 60% by improving service levels and lead times through strategic asset placement [40] Management's Comments on Operating Environment and Future Outlook - Management noted that while demand visibility is opaque, average selling price and transactional margin trends have improved early into Q2 2025, leading to expectations of sequentially improving operating income [7] - The company anticipates a balanced inventory environment and good domestic metal availability, with revenues expected to range from $1,150 million to $1,190 million in Q2 2025 [11] Other Important Information - Ryerson maintained a $60 million expense reduction target, achieving a $32 expense per ton reduction compared to Q1 2024 [11] - The company ended Q1 2025 with $498 million in total debt and $464 million in net debt, with available global liquidity increasing to $490 million [14] Q&A Session Summary Question: Plans to manage debt levels and reduce interest expense - Management highlighted the importance of winding down CapEx projects and operationalizing them to improve cash flow and reduce debt [24][28] Question: Second quarter pricing outlook - Management indicated that the pricing outlook is affected by OEM contract cuts and customer destocking, with a focus on transactional growth [30][32] Question: Current split between transactional and contractual sales - The current split is approximately 47% transactional sales, up from 43% last year, with a target to reach about 60% [39][40] Question: Portfolio mix and stainless market outlook - Management believes the stainless market will recover and emphasized the importance of maintaining market share while also growing the carbon franchise [42][44]

Ryerson Quarterly Release Presentation Q1 2025 1 Important Information About Ryerson Holding Corporation Safe Harbor Provision Certain statements made in this release and other written or oral statements made by or on behalf of the Company constitute "forward-looking statements" within the meaning of the federal securities laws, including statements regarding our future performance, as well as management's expectations, beliefs, intentions, plans, estimates, objectives, or projections relating to the future ...