Core Points - Ryerson Holding Corporation will host a conference call to discuss its fourth quarter and full-year 2024 financial results on February 21, 2025 [1] - The earnings report will be released after market close on February 20, 2025 [1] - The company operates in the United States, Canada, Mexico, and China, and has approximately 4,200 employees and over 110 locations [3] Earnings Call Details - Date of the earnings call is February 21, 2025 [2] - Time of the call is scheduled for 10:00 a.m. ET [2] - Dial-in numbers are provided for U.S. & Canada (888-256-1007) and International (929-477-0448) [2] - Conference ID for the call is 6231309 [2] - An online replay of the call will be available for 90 days on the investor relations website [2]

Financial Data and Key Metrics Changes - In Q3 2024, Ryerson reported revenues of $1.13 billion, which was 8.1% lower than Q2 2024, driven by lower volumes and average selling prices [25][14] - Adjusted EBITDA excluding LIFO was $21 million, down from $42.6 million in the prior quarter, with a net loss of $6.6 million or $0.20 loss per diluted share compared to a net income of $9.9 million in the previous quarter [28][17] - Gross margin contracted by 30 basis points to 17.9%, with a further contraction of 110 basis points to 16.3% when excluding LIFO [25][26] Business Line Data and Key Metrics Changes - Ryerson's sales volume of 485,000 tons was 4.5% lower quarter-over-quarter, influenced by a slow demand environment and extreme weather events [15][14] - The average selling price per ton decreased by 3.7% quarter-over-quarter, with carbon products experiencing a 6% decline in average selling prices [14][28] - The OEM contract business underperformed relative to the spot bill and material transactional business [12] Market Data and Key Metrics Changes - North American industry volumes decreased by 5.1% compared to the prior three months, while Ryerson's North American shipments decreased by 5.5% [15] - Year-to-date 2024 industry volumes for the Metal Service Center Institute were down 3.2%, while Ryerson's volumes were down 1.4%, indicating market share gains across product lines [16] Company Strategy and Development Direction - Ryerson is focused on completing its investment cycle, which is expected to enhance productivity and customer experience [23][29] - The company is implementing a cost reduction plan aimed at reducing operating expenses by $25 million during 2024, with an annualized target of $40 million [22] - Investments in modernization and automation are expected to drive better customer experiences and improve asset utilization [23][29] Management's Comments on Operating Environment and Future Outlook - Management noted that the current downturn in the manufacturing sector has lasted 25 months, but signs of improvement are emerging as cyclical drivers are expected to improve [8][10] - The company anticipates a challenging Q4 2024, with expected revenues between $1 billion to $1.04 billion and a forecasted loss per share of $0.53 to $0.47 [18] - Management expressed optimism about 2025, expecting better conditions and opportunities for cash flow generation [35] Other Important Information - Ryerson generated $135 million of cash flow from operations in Q3 2024, ending the period with $522 million of total debt [19] - The company returned $42 million to shareholders in Q3, including $36 million in share repurchases and $6 million in dividends [24] - Ryerson's available global liquidity decreased to $491 million from $585 million in the previous quarter [19] Q&A Session Summary Question: How much of the $60 million in cost savings has already been realized? - Management indicated that the heavy lifting for cost reductions has been done, with further optimizations expected as automation is implemented [32] Question: Are there opportunities for further working capital release in Q4? - Management confirmed that there are opportunities for additional working capital release, with expectations for improved cash flow in 2025 [35] Question: What is the outlook for reorganization expenses? - Management expects reorganization expenses to trend down, estimating between $8 million and $12 million for Q4 [42] Question: Can you discuss the investment efforts at Shelbyville? - Management highlighted that investments at Shelbyville will enhance operational efficiency and competitive differentiation in the region [44][46] Question: What does the Production Metals acquisition bring to Ryerson? - The acquisition provides an entry point into aerospace and defense markets, complementing Ryerson's existing offerings [50][52] Question: How is the new ERP system implementation progressing? - Management reported that the worst of the ERP conversion challenges are over, with expectations for optimization and benefits to customer service moving forward [56]

Core Insights - Ryerson Holding Corporation reported a net loss of $6.6 million for Q3 2024, with a diluted loss per share of $0.20, reflecting a significant decline from a net income of $9.9 million in the previous quarter [2][6][16] - Revenue for Q3 2024 was $1.13 billion, down 8.1% from Q2 2024, driven by a decrease in tons shipped and average selling prices [2][5][16] - The company generated operating cash flow of $134.6 million, indicating strong cash management despite the loss [2][7][16] Financial Performance - Total revenue for Q3 2024 was $1,126.6 million, with 485,000 tons shipped and an average selling price of $2,323 per ton [2][3][16] - Gross margin decreased to 17.9% from 18.2% in Q2 2024, with adjusted EBITDA (excluding LIFO) at $21.0 million, down from $42.6 million in the previous quarter [3][5][6] - The company reduced inventory by $80.8 million on a FIFO cost basis compared to Q2 2024 [2][3] Cost Management and Shareholder Returns - Ryerson is progressing towards $60 million in annualized cost reductions from operating expenses [2][4] - The company returned $42.0 million to shareholders in Q3 2024, including $36.0 million in share repurchases and $6.0 million in dividends [2][8] - A quarterly cash dividend of $0.1875 per share was declared, consistent with the previous quarter [2][8] Debt and Liquidity - As of September 30, 2024, total debt was $522 million, with net debt at $487 million, showing a slight decrease from the previous quarter [2][7][16] - Ryerson's net leverage ratio was 3.8x, above the target range of 0.5x – 2.0x, but below the 10-year average [7][16] Market Outlook - For Q4 2024, Ryerson anticipates a seasonal and counter-cyclical decrease in customer shipments of 8% to 10%, with expected net sales between $1.00 billion and $1.04 billion [9][16] - Average selling prices are projected to fluctuate between a decrease of 1% and an increase of 1% [9][16]

CHICAGO, Oct. 8, 2024 /PRNewswire/ -- Ryerson Holding Corporation (NYSE: RYI), a leading value-added processor and distributor of industrial metals, announced today that it will host a conference call to discuss its third quarter 2024 financial results for the period ended September 30, 2024 on Wednesday, October 30th at 10 a.m. Eastern Time. The live online broadcast will be available on the Company's Investor Relations website, ir.ryerson.com. Ryerson will report earnings after the market closes on Tuesda ...

Ozgur Donmaz Ryerson Holding Corporation (NYSE:RYI) recently announced a number of transformative turnaround acquisitions, which could bring new fabrication and processing capabilities. These efforts in combination with ongoing restructuring efforts, stock repurchases, and increases in the book value per share will most likely accelerate the demand for the stook. Besides, the fact that the company works with a diverse range of clients in different industines, including the electric vehicles and renewable en ...

CHICAGO, Aug. 2, 2024 /PRNewswire/ -- Ryerson Holding Corporation (NYSE: RYI), a leading valueadded processor and distributor of industrial metals, announced today its acquisition of Production Metals, LLC ("Production Metals"), a distributor of aluminum, stainless, and specialty steels. Based in Monroe, Connecticut, Production Metals serves New England and the surrounding area with bar, tube, sheet, and plate products along with precision sawing, lasering, and water jet cutting. "On behalf of all Ryerson S ...

Liquidity & Debt Management Share Repurchases and Authorization. Ryerson repurchased 647,330 shares for $14.0 million in the open market during the second quarter of 2024. Ryerson made these repurchases in accordance with its share repurchase authorization, which allows the Company to acquire up to an aggregate amount of $100.0 million of the Company's common stock through April of 2025. As of June 30, 2024, $24.3 million of the $100.0 million remained under the existing authorization. On July 30, 2024, the ...

| --- | --- | --- | --- | --- | --- | |-------------------|-------|-------|-------|-------|----------------| | | | 2024 | | 2023 | Year-over-year | | Carbon Steel | $ | 1,301 | $ | 1,375 | (5.4)% | | Aluminum | $ | 549 | $ | 607 | (9.6)% | | Stainless Steel | $ | 574 | $ | 716 | (19.8)% | Average Selling Prices (per ton) 2024 2023 Year-over-year | --- | --- | --- | --- | --- | --- | |-------------------|-------|-------|-------|-------|---------| | Carbon Steel | $ | 1,668 | $ | 1,749 | (4.7)% | | Aluminum | ...

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, 2024 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 ...

CHICAGO, July 2, 2024 /PRNewswire/ -- Ryerson Holding Corporation (NYSE: RYI), a leading value-added processor and distributor of industrial metals, announced today that it will host a conference call to discuss its second quarter 2024 financial results for the period ended June 30, 2024 on Wednesday, July 31st at 10 a.m. Eastern Time. The live online broadcast will be available on the Company's Investor Relations website, ir.ryerson.com. Ryerson will report earnings after the market closes on Tuesday, July ...