---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-087962"
form_type: "8-K"
ticker: "RYZ"
cik: "0001481582"
company_name: "Ryerson Holding Corp"
filed_at: "2024-07-30T23:59:59+00:00"
generated_at: "2026-05-31T15:14:23.026114+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ryerson Q2 net income $9.9M, EPS $0.29, revenue $1.23B; COO Burbach to retire Dec 31

## Summary
- Net income $9.9M, diluted EPS $0.29 on revenue of $1.23B from 508K tons shipped at avg $2,412/ton.
- Reduced operating expenses by $17.8M QoQ; annualized cost savings target raised to ~$60M from $40M.
- Returned $20.4M to shareholders: $14M buybacks and $6.4M dividends; buyback auth increased $50M, extended to Apr 2026.
- Ended Q2 with $525M debt, $497M net debt; inventory down $107.1M FIFO vs Q1.
- COO Michael J. Burbach retiring Dec 31, 2024; to receive 10,000 LTIP shares and service requirement waiver.

## SEC filing metadata
- accession: 0000950170-24-087962
- form_type: 8-K
- ticker: RYZ
- cik: 0001481582
- company_name: Ryerson Holding Corp
- filed_at: 2024-07-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1481582/000095017024087962/0000950170-24-087962-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1481582/000095017024087962/ryi-20240730.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-087962
- JSON: https://secwatch.observer/filing/0000950170-24-087962.json
- Plain text: https://secwatch.observer/filing/0000950170-24-087962.txt

## Source-grounded claims
- claim_id: 1042cd637b
  claim: Michael J. Burbach departed as Chief Operating Officer at Ryerson Holding Corp.
  evidence_excerpt: On July 30, 2024, Michael J. Burbach, age 63, notified the Company of his intent to retire from his position as our Chief Operating Officer, effective December 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1481582/000095017024087962/0000950170-24-087962-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.