Ryerson reports Q3 net loss $6.6M, $0.20 EPS; COO Burbach to retire Dec 31

Ryerson Holding Corp

2024-Q3 EPS reported -$0.13 revenue$3,591,300,000

Revenue $1.13B, 485K tons shipped, avg price $2,323/ton; net loss $6.6M ($0.20 diluted EPS).
Operating cash flow $134.6M; free cash flow $103.4M; inventory reduced $80.8M FIFO vs Q2.
Returned $42M to shareholders via $36M buybacks and $6M dividends; declared Q4 div $0.1875/sh.
Acquired Production Metals (aluminum/stainless/specialty steel) entering aerospace/defense/semiconductor markets.
COO Michael Burbach to retire Dec 31, 2024; granted 10,000 LTIP shares and vesting waiver.

item 2.02 item 5.02 item 9.01

Executive movements

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Departed

Michael J. Burbach

Chief Operating Officer

RYZ · Ryerson Holding Corp

Effective: 2024-12-31
Filed: October 29, 2024, 7:59 PM ET

Michael J. Burbach, age 63, notified on July 30, 2024, the Company of his intent to retire from his position as our Chief Operating Officer, effective December 31, 2024.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Michael J. Burbach departed as Chief Operating Officer at Ryerson Holding Corp.

Action: retire
Role: Chief Operating Officer

Exact text from the filing

Michael J. Burbach, age 63, notified on July 30, 2024, the Company of his intent to retire from his position as our Chief Operating Officer, effective December 31, 2024.

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Ryerson Holding Corp filing history →

Source: SEC EDGAR

accession 0000950170-24-118271

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