Ryerson Q1 net loss $7.6M; revenue down 11.9% YoY to $1.24B

Ryerson Holding Corp

2024-Q1 EPS reported -$0.22 revenue$1,239,200,000

Revenue $1.239B, tons shipped 497k (down 4.2% YoY); avg selling price $2,493/ton (down 8% YoY).
Net loss attributable of $7.6M vs. net income of $47.3M in Q1 2023; diluted EPS -$0.22.
Adjusted EBITDA excl. LIFO $40.2M, margin 3.2% vs. 6.4% a year ago.
Announced $40M annualized cost reductions via workforce reductions and network cost-outs.
Capital expenditures planned at $110M in 2024, declining to $50M in 2025; completed ERP integration of 31 service centers.

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 0.9

Ryerson Holding Corp reported first quarter ended March 31, 2024 results: revenue $1.24 billion, net income Net Loss attributable to Ryerson Holding Corporation of $7.6 million, EPS Diluted earnings (loss) per share $ (0.22 ).

Period: first quarter ended March 31, 2024
Revenue: $1.24 billion
Net income: Net Loss attributable to Ryerson Holding Corporation of $7.6 million
EPS: Diluted earnings (loss) per share $ (0.22 )
Result: reported results

Exact text from the filing

RYI), a leading value-added processor and distributor of industrial metals, today reported results for the first quarter ended March 31, 2024. Highlights: • Earned Revenue of $1.24 billion on 497,000 tons shipped and average selling price of $2,493 per ton. • Net Loss attributable to Ryerson Holding Corporation of $7.6 million with Adjusted EBITDA 1 , excluding

View on SEC.gov

379 earnings releases filed in the last 30 days. Browse all earnings releases →

Ryerson Holding Corp filing history →

Source: SEC EDGAR

accession 0000950170-24-050604

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.