Ryerson closes secondary offering and concurrent $50M share repurchase from Platinum Equity

Ryerson Holding Corp

Closed secondary offering of 2,630,700 shares by affiliate of Platinum Equity; Ryerson received no proceeds.
Concurrent repurchase of 1,369,300 shares from Selling Stockholder for ~$50M, funded with cash on hand.
Free float increased from 46% to 77% of outstanding shares since May 2022.
Total shareholder returns of ~$175M via repurchases and dividends over the same period.

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