---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-035958"
form_type: "8-K"
ticker: "RYZ"
cik: "0001481582"
company_name: "Ryerson Holding Corp"
filed_at: "2023-07-31T23:59:59+00:00"
generated_at: "2026-06-12T21:56:49.478024+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-035958
- form_type: 8-K
- ticker: RYZ
- cik: 0001481582
- company_name: Ryerson Holding Corp
- filed_at: 2023-07-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1481582/000095017023035958/0000950170-23-035958-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1481582/000095017023035958/ryi-20230731.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-035958
- JSON: https://secwatch.observer/filing/0000950170-23-035958.json
- Plain text: https://secwatch.observer/filing/0000950170-23-035958.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1481582/000095017023035958/0000950170-23-035958-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.