Welcome to our dedicated page for Ryerson Hldg news (Ticker: RYI), a resource for investors and traders seeking the latest updates and insights on Ryerson Hldg stock.
Ryerson Holding Corp (RYI) provides essential metals processing and distribution services across North America and China. This news hub offers investors and industry professionals centralized access to official updates and analysis on this 180-year-old industrial metals leader.
Track RYI's latest developments including earnings reports, strategic partnerships, operational expansions, and market positioning within the cyclical metals sector. Our curated feed ensures timely access to press releases covering inventory management innovations, sustainability initiatives, and value-added processing advancements.
Key focus areas include stainless steel/aluminum market trends, supply chain optimization efforts, and service center network updates. Bookmark this page for unfiltered access to Ryerson's financial communications, leadership announcements, and material developments impacting the global manufacturing sector.
Ryerson Holding (NYSE: RYI) reported Q1 2024 results with $1.24 billion in revenue, net loss of $7.6 million, and adjusted EBITDA of $40.2 million. The company started operations at University Park, IL, completed ERP integration at 17 service centers, and announced $40 million in cost reductions. Debt increased to $497 million with net debt of $455 million. Liquidity improved to $684 million. Ryerson's outlook for Q2 2024 includes a 1-3% increase in customer shipments and net sales ranging from $1.25-$1.29 billion.
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