secwatch.observer — SEC 8-K summary
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Issuer:     Ryerson Holding Corp (RYZ)
CIK:        0001481582
Form:       8-K
Filed at:   2023-10-30T23:59:59+00:00
Accession:  0000950170-23-056450
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ryerson Q3 net income $35M, EPS $1.00; revenue down 19.2% YoY to $1.25B
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- Net income $35.0M ($1.00 diluted EPS) vs $55.1M ($1.46) in Q3 2022; revenue $1.25B, down 19.2% YoY.
- Adjusted EBITDA excl LIFO $45.0M, down 42.7% YoY; margin 3.6% vs 5.1% a year ago.
- Generated operating cash flow $79.3M and free cash flow $56.9M; net leverage 1.4x.
- Acquired Norlen Incorporated (value-added processor) subsequent to quarter-end; terms not disclosed.
- Declared Q4 dividend $0.1850/share, a 1.4% increase from prior quarter, marking ninth consecutive quarterly increase.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1481582/000095017023056450/0000950170-23-056450-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1481582/000095017023056450/ryi-20231030.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-056450

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