Ryerson Q2 net income drops 81% YoY to $37.6M; EPS $1.06 vs $5.10

Ryerson Holding Corp

2023-Q2 EPS reported $2.33 revenue$2,749,600,000

Revenue $1.34B, down 22.9% YoY; tons shipped 496K, down 5.3% YoY.
Adjusted EBITDA excl. LIFO $70.1M (5.2% margin) vs $224.2M a year ago.
Operating cash flow $115.3M; net debt $366M, leverage ratio 1.4x.
Repurchased 1.4M shares from Platinum Equity; free float increased to 77%.
Quarterly dividend raised 1.4% to $0.1825 per share, eighth consecutive increase.

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 0.95

Ryerson Holding Corp reported the second quarter ended June 30, 2023 results: revenue $1.3 billion, net income $37.6 million, EPS $1.06.

Period: the second quarter ended June 30, 2023
Revenue: $1.3 billion
Net income: $37.6 million
EPS: $1.06
Result: reported results

Exact text from the filing

Net Income attributable to Ryerson Holding Corporation of $37.6 million with Adjusted EBITDA 1 , excluding LIFO of $70.1 million • Earned Diluted EPS 2 of $1.06 on revenue of $1.3 billion • Generated Operating Cash Flow of $115.3 million and Free Cash Flow of $69.1 million • Maintained Net Leverage ratio within target range at 1.4x, debt of $396 million and net

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Source: SEC EDGAR

accession 0000950170-23-035958

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