Ryerson Q3 EPS $1.46, revenue $1.54B; retires high-yield debt, raises dividend 7%, acquires two companies

Ryerson Holding Corp

2022-Q3 EPS reported $10.78 revenue$5,035,400,000

Net income $55.1M, diluted EPS $1.46; revenue $1.54B (-2% YoY, -11.5% QoQ).
Adjusted EBITDA ex-LIFO $78.5M; operating cash flow $151.6M, free cash flow $124.0M.
Redeemed final $50M of 8.50% senior secured notes; total debt reduced to $477M.
Announced Q4 dividend $0.16/share, 7% increase from prior quarter.
Completed acquisition of Howard Precision Metals; also acquired Excelsior, Inc post-quarter.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Ryerson Holding Corp reported the third quarter ended September 30, 2022 results: revenue $1,543.1 million, net income $55.1 million, EPS $1.46.

Period: the third quarter ended September 30, 2022
Revenue: $1,543.1 million
Net income: $55.1 million
EPS: $1.46
Result: reported results

Exact text from the filing

value-added processor and distributor of industrial metals, today reported results for the third quarter ended September 30, 2022. Highlights: • Diluted EPS 1 of $1.46 on $1.54 billion of revenue • Net Income of $55.1 million and Adjusted EBITDA, excluding LIFO 2 of $78.5 million • Generated Operating Cash Flow of $151.6 million and Free Cash Flow 3 of $124.0

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20 earnings releases filed in the last 30 days. Browse all earnings releases →

Ryerson Holding Corp filing history →

Source: SEC EDGAR

accession 0000950170-22-021270

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