Ryerson Hldg Corp Stock Price, News & Analysis

Ryerson Holding Corporation (NYSE: RYI) reported strong results for Q4 2022 and full-year 2022. Full-year net income reached a record $391 million with revenue of $6.3 billion. Despite a fourth-quarter revenue decline of 16.5% to $1.3 billion and a diluted EPS loss of $0.65, the company generated substantial operating cash flow of $501 million. Ryerson successfully reduced total debt from $639 million to $367 million, enhancing financial flexibility. Notably, the quarterly dividend increased by 6.3% to $0.17 per share. The company remains optimistic about 2023, expecting improved margin and demand conditions.

Ryerson Holding Corporation (NYSE: RYI) has announced it will host a conference call on February 23, 2023, at 10 a.m. ET to discuss its fourth quarter and full-year 2022 financial results. The earnings report will be released shortly before the call, on February 22. The live broadcast can be accessed via the Company's Investor Relations website. Established in 1842, Ryerson operates in the U.S., Canada, Mexico, and China, with around 4,000 employees across approximately 100 locations.

Ryerson Holding Corporation (NYSE: RYI) reported Q3 2022 results with a revenue of $1.54 billion, down 11.5% from Q2 2022. The net income was $55.1 million, translating to $1.46 diluted EPS, compared to $196.4 million or $5.10 EPS in Q2 2022. Despite a strong operating cash flow of $151.6 million and a 7% dividend increase, gross margins declined significantly to 17.6%. Ryerson reduced its total debt to $477 million and completed acquisitions of Howard Precision Metals and Excelsior, Inc. Outlook for Q4 anticipates continued revenue declines from $1.25 billion to $1.30 billion.

On November 1, 2022, Ryerson Holding Corporation (NYSE: RYI) announced the acquisition of Excelsior, Inc., a fabrication and machining firm based in Fresno, California. Excelsior offers advanced processing services including laser cutting and complex assemblies. This acquisition aims to enhance Ryerson's value-added service capabilities in the Western United States, improving customer experiences and expanding their metal processing solutions. The acquisition is expected to leverage Excelsior's reputation for customer service and expertise, reinforcing Ryerson's market presence.

Ryerson Holding Corporation (NYSE: RYI) will host a conference call on November 3, 2022, at 10 a.m. ET to discuss its third quarter 2022 financial results, which will be reported after market close on November 2, 2022. The call will be accessible via the company's Investor Relations website. Founded in 1842, Ryerson is a prominent distributor of industrial metals with operations across the U.S., Canada, Mexico, and China, employing around 4,000 people across 100 locations.

Ryerson Holding Corporation (NYSE: RYI) announced its inaugural Investor Day to be held on November 8, 2022, at 2:00 p.m. ET at the New York Stock Exchange. This event marks 180 years of continuous operation for Ryerson, a leading processor and distributor of industrial metals. Attendees will gain insights into the company’s financial transformation, strategic plans, and capital allocation. A Q&A session will follow, featuring executives like Eddie Lehner and Jim Claussen. Registration is open for both in-person and virtual attendees at ryersoninvestorday.com.

Ryerson Holding Corporation (NYSE: RYI) has announced its acquisition of Howard Precision Metals, Inc., a prominent aluminum distributor in the Midwest, based in Milwaukee, Wisconsin. The acquisition aims to enhance Ryerson's value-added processing capabilities, particularly in precision cut aluminum plate and saw cut extruded aluminum bar distribution. Ryerson's Chief Operating Officer, Mike Burbach, emphasized the synergy expected from integrating Howard's operations, which aligns with Ryerson's non-ferrous franchise and customer service ethos.