Ryerson Hldg Corp Stock Price, News & Analysis

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.

Ryerson Holding Corporation (RYI) reported significant Q3 2021 results with revenues of $1.6 billion, an increase of 11.0% from Q2. Earnings per diluted share reached $1.27 while adjusted earnings per share soared to $3.25. The company achieved a record Adjusted EBITDA of $301 million and a gross margin of 23.1%. Notable developments included the acquisition of Specialty Metals Processing and plans to construct two new facilities. Despite a 8.5% increase in net debt to $633 million, Ryerson maintains a leverage ratio of 1.0x.

Ryerson Holding Corporation (NYSE: RYI) will host a conference call to discuss its third quarter 2021 financial results on November 4 at 10 a.m. Eastern Time. The earnings release will be available after market close on November 3. Interested parties can access the call through the company's investor relations website. Ryerson, a major player in industrial metals, operates in the United States, Canada, Mexico, and China, employing around 4,000 people across approximately 100 locations.

Ryerson Holding Corporation (NYSE: RYI) announced the signing of a lease for a 900,000-square-foot state-of-the-art service center in University Park, IL. This facility will serve as the headquarters and operational hub for its subsidiary, Central Steel & Wire (CS&W). The modern facility aims to enhance customer experience across a broad geographical area. CS&W president Jack Barger emphasized the commitment to the CS&W brand, which has a legacy of over 110 years.

Ryerson Holding Corporation (NYSE: RYI) has acquired Specialty Metals Processing (SMP), a toll processor based in Stow, Ohio. The acquisition enhances Ryerson's capabilities in processing stainless steel, aluminum, titanium, and nickel alloys, catering to industries such as aerospace. Ryerson's President, Eddie Lehner, emphasized that this move strengthens their value-added processing services, particularly in stainless products. The integration of SMP's expertise in flat roll polishing is expected to improve customer experience across Ryerson's network of service centers.

Ryerson Holding Corporation (NYSE: RYI) has announced the construction of a new service center in Centralia, Washington, expected to be completed by Q2 2022. This 214,000-square-foot facility aims to enhance Ryerson's processing capabilities and improve service to customers in the Pacific Northwest. The strategic location will serve the I-5 corridor and surrounding areas. CEO Eddie Lehner emphasized the commitment to modernizing their network to create better customer experiences and job opportunities in Centralia. The investment is poised to drive growth in the region's metal processing market.

Ryerson Holding Corporation (RYI) reported strong second quarter 2021 results, achieving revenues of $1.4 billion, up 83.9% year-over-year. Earnings per diluted share surged to $2.91 from $0.66 in Q1 2021. The company realized record Adjusted EBITDA of $197 million. They reduced net debt to $563 million, with a leverage ratio of 1.5x. Notably, Ryerson announced a quarterly cash dividend of $0.08 per share and a $50 million share repurchase program. The outlook remains positive, with anticipated Q3 revenues between $1.5 billion and $1.6 billion, supported by rising prices and stable demand.

On August 4, 2021, Ryerson Holding Corporation (NYSE: RYI) announced a quarterly cash dividend of $0.08 per share, totaling $0.32 annually. The first payment is set for September 16, 2021, to shareholders on record by August 16, 2021. Additionally, the Board approved a $50 million share repurchase program over the next two years. CEO Eddie Lehner emphasized the commitment to shareholder value and confidence in the company’s improved balance sheet.