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Ryerson(RYI) - 2024 Q4 - Earnings Call Presentation

Financial Performance - Ryerson generated Q4 2024 revenue of $1.01 billion, shipping 447,000 tons at an average selling price of $2,254 per ton[6] - The company incurred a net loss attributable to Ryerson Holding Corporation of $4.3 million, or a diluted loss per share of $0.13, with adjusted EBITDA excluding LIFO at $10.3 million[6] - Ryerson's Q4 2024 operating cash flow was $92.2 million, and free cash flow was $68.9 million[6] - The company ended Q4 2024 with debt of $468 million and net debt of $440 million, compared to $522 million and $487 million respectively on September 30, 2024[6] - For the full year 2024, Ryerson's net sales were $4.6 billion, a 10% year-over-year decrease, with a net loss of $8.6 million[57] Strategic Investments and Initiatives - Ryerson achieved its target of $60 million in annualized operating expense reductions compared to Q1 2024[6] - The company continued the start-up and commissioning of major capital expenditure projects at service centers in Shelbyville, KY, Norcross, GA, Dallas, TX, and Los Angeles, CA[6] - Ryerson is investing in modernization and automation, integrating its North American service center network through common digital and ERP platforms, and optimizing its network to increase efficient operating leverage[20] Q1 2025 Guidance - Ryerson anticipates Q1 2025 net sales between $1.12 billion and $1.15 billion, with a net loss between $9 million and $8 million and adjusted EBITDA excluding LIFO between $28 million and $32 million[35] - The company expects shipments to increase by 11% to 13% and average selling prices to increase by 0% to 2% in Q1 2025[37] Capital Allocation - Ryerson declared a Q1 2025 dividend of $0.1875 per share[6] - The company repurchased $51 million of shares in 2024, with $38 million remaining in the authorization[51]