earnings
confidence high
sentiment positive
materiality 0.75
Ryerson posts record Q2 EPS $5.10, revenue $1.74B; increases dividend 20% and authorizes $75M buyback
Ryerson Holding Corp
2022-Q2 EPS reported
$9.26
revenue$3,492,300,000
- Record diluted EPS of $5.10 ($5.31 adjusted) on revenue $1.74B, up 22.9% YoY.
- Net income $196.4M; Adjusted EBITDA excl. LIFO $224.2M; gross margin 26.7%.
- Total debt reduced to $533.5M; retired all remaining high-yield notes post-quarter.
- Increased Q3 dividend to $0.15/share (20% QoQ increase); new $75M share repurchase authorization.
- Revolving credit facility increased to $1.3B and extended through June 2027.