secwatch.observer — SEC 8-K summary
======================================

Issuer:     Ryerson Holding Corp (RYZ)
CIK:        0001481582
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0000950170-24-050604
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1481582/000095017024050604/0000950170-24-050604-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1481582/000095017024050604/ryi-20240430.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-050604

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer