Ryerson Q4 net income $26M, EPS $0.74; acquires three processors; dividend increased 10th time

Ryerson Holding Corp

Q4 net income $26M ($0.74 diluted EPS) vs Q4 2022 net loss $24.1M; revenue $1.1B down 13.6% YoY.
Full-year net income $146M ($4.10 EPS), down 62.7% from 2022; revenue $5.1B down 19.2% YoY.
Acquired three metal service centers in Q4: Norlen, TSA Processing, and Hudson Tool Steel.
Announced Q1 2024 dividend of $0.1875 per share, the tenth consecutive quarterly increase.
Generated Q4 operating cash flow $90M and free cash flow $65M; net leverage ratio at 1.7x.

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 financial results for fourth quarter and full year ended December 31, 2023.

Period: fourth quarter and full year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 21, 2024, the Company issued the Original Press Release announcing its financial results for the fourth quarter and full year ended December 31, 2023.

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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 0000950170-24-028656

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