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 ...

Ryerson Quarterly Release Presentation Q2 20241 Important Information About Ryerson Holding Corporation These materials do not constitute an offer or solicitation to purchase or sell securities of Ryerson Holding Corporation ("Ryerson" or "the Company") or its subsidiaries and no investment decision should be made based upon the information provided herein. Ryerson strongly urges you to review its filings with the Securities and Exchange Commission, which can be found at https://ir.ryerson.com/financials/se ...

Financial Data and Key Metrics Changes - In Q2 2024, Ryerson reported net sales of $1.23 billion, which was 1.1% lower than Q1 2024, driven by lower average selling prices across the product mix despite higher volumes [22] - The average selling price per ton decreased by 3.2% quarter-over-quarter to $2,412, leading to revenue below expectations [12] - Adjusted EBITDA, excluding LIFO, was $42.6 million, which was below guidance expectations [15][22] - Net income attributable to Ryerson was $9.9 million or $0.29 per diluted share, compared to a net loss of $7.6 million in the prior quarter [23] Business Line Data and Key Metrics Changes - Ryerson's sales volume was 508,000 tons, a 2.2% increase quarter-over-quarter, while North American industry volumes decreased by 0.2% [12][14] - The company noted market share gains across all three product lines, particularly in stainless steel, followed by carbon and aluminum [14] - Average selling prices for aluminum decreased by 4.9%, carbon by roughly 1%, and stainless steel by 1.9% during Q2 [13] Market Data and Key Metrics Changes - Industry-wide stainless shipments were down 21% and aluminum sheet shipments down 14% since Q3 2022, while carbon sheet shipments increased by 1.5% [7] - The overall metals service center industry shipments continued to decline, reflecting a challenging market environment [5] Company Strategy and Development Direction - Ryerson is optimistic about long-term growth in stainless and aluminum despite current counter-cyclical conditions, with continued investments in these areas [8] - The company aims to optimize its operations and reduce costs, targeting $60 million in annualized cost savings [19] - Ryerson is focusing on enhancing customer experience through investments in service centers and e-commerce capabilities [9][20] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the ongoing counter-cyclical conditions affecting the metals industry, particularly in aluminum and stainless steel [5][6] - The company expects a decline in volumes of 2% to 4% sequentially in Q3 2024, with revenues projected between $1.12 billion and $1.16 billion [16] - Management remains committed to generating positive cash flow and managing working capital effectively [11][18] Other Important Information - Ryerson repurchased 647,330 shares below book value during the quarter and announced a $50 million increase to its share repurchase authorization [20][21] - The company achieved a gross margin of 18.2%, a 60 basis point increase from the prior quarter, primarily due to LIFO income [22] Q&A Session Summary Question: Cost savings program details - Management indicated that the majority of the $18 million in operating cost reductions is attributable to the $60 million target, with some reductions in variable compensation not included [29][30] Question: Incremental savings sources - Management highlighted logistics and material movement optimizations as key areas for the additional $20 million in savings [35][36] Question: Current inventory levels - Management noted that stainless and aluminum inventories still have destocking to go, while carbon inventory levels have improved [38] Question: Third quarter pricing guidance - Management expects carbon volumes to outpace stainless and aluminum in Q3 and Q4, despite ongoing margin compression [39] Question: Future cash flow and working capital - Management anticipates improved cash flow as investments are completed and operationalized, leading to a more normalized CapEx spend [42][43]

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 ...

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