Ryerson(US:RYI)2025-10-29 14:00Q3 2025 Performance - Ryerson reported revenue of $1.16 billion, aligning with guidance, driven by a 2.6% increase in average selling prices, although tons shipped decreased by 3.2% compared to the prior quarter[11] - The company experienced a net loss of $14.8 million, resulting in a diluted loss per share of $0.46, while adjusted EBITDA, excluding LIFO, amounted to $40.3 million[13] - Ryerson's debt stood at $500 million, with net debt at $470 million, reflecting sequential decreases of $10 million and $9 million, respectively[13] - A fourth-quarter 2025 dividend of $0.1875 per share was declared[13] Q4 2025 Guidance - Shipments are expected to decline by 5% to 7% due to typical fourth-quarter seasonality and persisting demand challenges[16] - Average selling prices are projected to remain flat to increase by up to 2%, supported by the current tariff structure[16] Liquidity and Capital Management - Global liquidity remained strong at $521 million[21] - Net leverage of 3.7x in Q3 2025, remains above the target range of 0.5x to 2.0x[21] Financial Metrics (QoQ Comparison) - Net sales decreased by 0.7%[22] - Gross margin decreased by 70 bps[22] - Net loss increased by $16.7 million[22] - Diluted loss per share increased by $0.52[22] - Tons shipped decreased by 3.2%[22] - Adjusted EBITDA excluding LIFO decreased by $4.7 million[22] - Net debt decreased by $9 million[22]