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 Corporation (NYSE: RYI) is a value-added processor and distributor of industrial metals with operations in the United States, Canada, Mexico, and China. This news page aggregates company announcements, earnings releases, and other disclosures that explain how Ryerson’s metals service center network is performing and evolving over time.
Readers can find quarterly and annual results where Ryerson reports net sales, tons shipped, average selling prices, gross margin metrics, and Adjusted EBITDA excluding LIFO. Management commentary in these releases provides context on demand conditions in manufacturing and industrial metals markets, pricing dynamics across carbon steel, aluminum, and stainless steel, and the company’s focus on service center fundamentals such as speed, availability, and on-time delivery.
Ryerson’s news flow also covers strategic and operational developments, including capital investment and modernization projects across its North American service center network, the opening and ramp-up of new or expanded facilities, and the operationalization of major capex initiatives. Announcements have highlighted efforts to integrate and optimize new assets, reduce annualized operating expenses, and advance what the company describes as an intelligently connected service center network.
Another key category of news involves corporate and governance updates. Recent items include the election of new directors to the board, declarations of quarterly cash dividends, and changes in senior leadership roles. In addition, Ryerson and Olympic Steel jointly announced an Agreement and Plan of Merger under which a Ryerson subsidiary will merge with Olympic Steel, with Olympic Steel becoming a wholly owned subsidiary of Ryerson, subject to customary approvals and conditions.
Investors and followers of the industrial metals sector can use this page to review Ryerson’s earnings announcements, merger-related communications, dividend declarations, and board updates in one place, and to track how the company describes its performance and strategic direction across reporting periods.
Ryerson Holding Corporation (NYSE: RYI) announced the closing of a secondary public offering of 3,500,000 shares by Platinum Equity LLC, without Ryerson offering any shares or receiving proceeds. Concurrently, Ryerson repurchased 1,613,022 shares for $47.7 million, funded by cash on hand. This transaction increased the public float by approximately 11% and is expected to be about 4% accretive to forward earnings per share. Ryerson has reduced long-term debt by over $275 million and increased its quarterly dividend by more than 56% to $0.125 per share within the past year.
Ryerson Holding Corporation (NYSE: RYI) announced the pricing of a secondary public offering of 3,500,000 shares of common stock, to be sold by its principal shareholder, an affiliate of Platinum Equity LLC. The Company will not receive any proceeds from the offering. The expected close date is May 13, 2022. Additionally, Ryerson will separately repurchase 1,613,022 shares from the Selling Stockholder for approximately $47.7 million, funded by cash on hand. J.P. Morgan is the sole underwriter for the offering.
Ryerson Holding Corporation (NYSE: RYI) announced a secondary offering of 3,500,000 shares of common stock initiated by its principal shareholder, an affiliate of Platinum Equity LLC. The proceeds from the offering will go directly to the Selling Stockholder, not Ryerson. Simultaneously, the Company plans a share repurchase of approximately $47.7 million directly from the Selling Stockholder, funded by existing cash. This repurchase is expected to be completed alongside the offering, enhancing shareholder value by reducing share supply.
On May 9, 2022, Ryerson Holding Corporation (NYSE: RYI) announced its investment in FreeFORM Technologies, a firm specializing in metal additive manufacturing and engineering, including 3D printing and metal injection molding. This strategic partnership aims to enhance Ryerson's exposure to emerging manufacturing technologies and provide new value-added capabilities for its customers. FreeFORM, founded in 2020, serves diverse industries and aligns with Ryerson's customer base, marking a significant step in expanding their operational scope in the metals industry.
Ryerson Holding Corporation (NYSE: RYI) reported a record revenue of $1.75 billion for Q1 2022, an increase of 14% sequentially and 52.4% year-over-year. The diluted EPS reached $4.17, marking a 531.8% increase from last year. Net income rose to $163.6 million and adjusted EBITDA, excluding LIFO, was $250.6 million. The company reduced its debt to $551 million with a leverage ratio of 0.5x. Additionally, Ryerson announced a 25% increase in its quarterly dividend to $0.125 per share.
Ryerson Holding Corporation (NYSE: RYI) announced it will host a conference call on May 5, 2022, at 10 a.m. ET to discuss its first quarter 2022 financial results ended March 31, 2022. Earnings will be reported after market close on May 4, 2022. The call will be accessible via the company's investor relations website. Ryerson, a leading distributor of industrial metals with a presence in the U.S., Canada, Mexico, and China, employs around 4,000 people across approximately 100 locations.
On March 2, 2022, Ryerson Holding Corporation (NYSE: RYI) announced its acquisition of substantially all assets of Apogee Steel Fabrication, a seasoned sheet metal fabricator based in Mississauga, Ontario. Apogee, with over 30 years of experience, offers comprehensive fabrication services including sheering, punching, and laser cutting. This acquisition is expected to enhance Ryerson's capabilities in Canada and expand its value-added service centers. Both companies express excitement about the synergy and growth opportunities this merger will bring.
Ryerson Holding Corporation (NYSE: RYI) announced a strong financial performance for Q4 and FY 2021, with record net income of $294.3 million and Adjusted EBITDA of $860.6 million. Q4 revenue reached $1.53 billion, up 79.8% year-over-year. Earnings per diluted share were $2.71 for Q4 and $7.56 for the full year. The company reduced its debt to $639 million, achieving a low leverage ratio of 0.7x. Ryerson declared a dividend increase of 18% to $0.10 per share for Q1 2022, reflecting confidence in its financial health and shareholder returns.
Ryerson Holding Corporation (NYSE: RYI) has appointed Eddie J. Lehner, the current President and CEO, to its Board of Directors, expanding the board from seven to eight members. Lehner, who joined Ryerson in 2012 as CFO and became CEO in 2015, has been praised for his transformative leadership. He expressed gratitude for this new role and emphasized ongoing improvements in Ryerson's financial health and customer experience. Ryerson operates across the U.S., Canada, Mexico, and China, employing around 4,000 staff in approximately 100 locations.
Ryerson Holding Corporation (NYSE: RYI) announced it will host a conference call on February 24, 2022, to discuss its fourth quarter and full-year 2021 financial results. The earnings report will be available after the market closes on February 23. The call will take place at 10 a.m. ET and can be accessed via the company’s investor relations website. Ryerson operates in the U.S., Canada, Mexico, and China, employing around 4,000 people across 100 locations.
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