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 ...

Core Insights - Ryerson Holding Corporation reported a net sales of $1.14 billion for Q1 2025, reflecting a 12.7% increase from Q4 2024, driven by strong transactional sales and market share gains [5][8] - The company experienced a net loss of $5.6 million, or $0.18 per diluted share, which is an improvement compared to a net loss of $7.6 million in Q1 2024 [8][27] - Adjusted EBITDA, excluding LIFO, was $32.8 million, showing a significant increase of 218.4% from Q4 2024 [8][25] Financial Highlights - Revenue for Q1 2025 was $1,135.7 million, down 8.4% year-over-year but up 12.7% quarter-over-quarter [3][5] - Tons shipped increased to 500,000, up 11.9% from the previous quarter and slightly up 0.6% year-over-year [3][8] - Average selling price per ton was $2,271, a 0.8% increase from Q4 2024 but down 8.9% year-over-year [3][8] Cost and Margin Analysis - Gross margin contracted to 18.0% in Q1 2025 from 19.0% in Q4 2024, primarily due to rising costs of goods sold [6][26] - Excluding LIFO, gross margin improved to 18.6%, up 220 basis points from the previous quarter [6][26] - Operating expenses increased by 7.2% to $202.1 million, driven by higher personnel-related expenses, but decreased by $14.7 million compared to the prior year [7][8] Debt and Liquidity - Total debt at the end of Q1 2025 was $497.3 million, with net debt at $463.7 million, reflecting a sequential increase [10][8] - Cash and cash equivalents rose to $33.6 million, a 21.3% increase from the previous quarter [10][8] - The company reported a cash conversion cycle of 66.5 days, indicating improved working capital management [10][8] Market Position and Outlook - Ryerson gained market share in the industry, with transactional sales increasing by 12% year-over-year [8][4] - The company anticipates Q2 2025 net sales to range between $1.15 billion and $1.19 billion, with average selling prices expected to rise by 3% to 4% [13][8] - Management emphasized ongoing improvements in operational productivity and capital investments aimed at long-term growth [4][5]

Core Insights - Ryerson Holding Corporation has elected Lt. Gen. Bruce T. Crawford, U.S. Army (Ret.), to its Board of Directors, enhancing its leadership team with expertise in information technology and cybersecurity [1][2]. Company Overview - Ryerson is a leading value-added processor and distributor of industrial metals, with operations in the United States, Canada, Mexico, and China, and has approximately 4,300 employees across over 110 locations [3]. - The company was founded in 1842 and continues to focus on optimizing its operational and financial performance [2][3]. Leadership Insights - Steve Larson, Chair of the Board, expressed confidence that General Crawford will provide valuable perspectives as Ryerson aims to improve its operational and financial performance targets [2]. - Eddie Lehner, President and CEO, highlighted General Crawford's extensive knowledge and leadership experience, which will be crucial for enhancing Ryerson's operating model and customer experience [2]. General Crawford's Background - General Crawford has a distinguished 34-year career in the U.S. Army, culminating as the Chief Information Officer, and has held various strategic roles in both military and civilian sectors [2]. - His previous roles include leadership positions at Jacobs Solutions Inc., where he focused on innovation and strategic development in a $5 billion division [2]. - He holds multiple advanced degrees and serves on several boards, indicating a strong commitment to leadership and governance [2].