8-K
filed February 21, 2024, 6:59 PM ET
ticker RYZ
CIK 0001481582
earnings
confidence high
sentiment negative
materiality 0.75
Ryerson Q4 EPS $0.74 on rev $1.1B; FY EPS $4.10; completes three Q4 acquisitions
Ryerson Holding Corp
2023-FY EPS reported
$4.10
revenue$5,108,700,000
- Q4 net income $25.8M ($0.74 EPS), revenue $1.1B, Adj. EBITDA excl LIFO $25.9M (2.3% margin).
- Full-year net income $145.7M ($4.10 EPS), revenue $5.1B, Adj. EBITDA excl LIFO $231.1M (4.5% margin).
- Acquired three businesses in Q4: Norlen, TSA Processing, Hudson Tool Steel (value-added processors/distributor).
- Q4 operating cash flow $90M, free cash flow $65M; net leverage 1.7x (total debt $437M).
- Announced Q1 2024 dividend of $0.1875/share, 10th consecutive increase; net debt $382M.
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 quarter ended December 31, 2023 results: revenue $1.1 billion, net income $26 million, EPS $0.74.
- Period
- the quarter ended December 31, 2023
- Revenue
- $1.1 billion
- Net income
- $26 million
- EPS
- $0.74
- Result
- reported results
Exact text from the filing
to Ryerson Holding Corporation of $26 million and Adjusted EBITDA 1 , excluding LIFO of $26 million • Delivered fourth quarter Diluted Earnings Per Share of $0.74 on revenue of $1.1 billion • Generated fourth quarter Operating Cash Flow of $90 million and Free Cash Flow of $65 million • Acquired three businesses in the fourth quarter, two value-added processors,
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Ryerson Holding Corp reported the full year ended December 31, 2023 results: revenue $5.1 billion, net income $146 million, EPS $4.10.
- Period
- the full year ended December 31, 2023
- Revenue
- $5.1 billion
- Net income
- $146 million
- EPS
- $4.10
- Result
- reported results
Exact text from the filing
to Ryerson Holding Corporation of $146 million and Adjusted EBITDA 1 , excluding LIFO of $231 million • Delivered full-year Diluted Earnings Per Share of $4.10 on revenue of $5.1 billion • Generated full-year Operating Cash Flow of $365 million and Free Cash Flow of $244 million • Completed second year of an investment cycle in next-stage operating model growth
View on SEC.gov
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