---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-040024"
form_type: "8-K"
ticker: "RYZ"
cik: "0001481582"
company_name: "Ryerson Holding Corp"
filed_at: "2026-02-06T23:59:59+00:00"
generated_at: "2026-05-16T04:04:46.493367+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Ryerson Q4 net loss $37.9M vs expected $9-7M loss; merger on track for Q1 2026

## Summary
- Q4 revenue $1.10B, tons shipped -4.9% QoQ, net loss $37.9M ($1.18/sh) vs expected loss of $9-7M.
- Gross margin fell to 15.3% from 17.2% QoQ; LIFO expense $22.5M above guidance of $10-14M.
- Adjusted EBITDA ex-LIFO $20.4M, below guidance range of $33-37M.
- Q1 2026 guidance: revenue $1.26-1.30B, net income $10-12M, adjusted EBITDA ex-LIFO $51-54M.
- Merger with Olympic Steel on track for Q1 2026; pro forma Q1 rev $1.52-1.58B, Adj EBITDA $63-67M; shareholder lawsuits filed.

## SEC filing metadata
- accession: 0001193125-26-040024
- form_type: 8-K
- ticker: RYZ
- cik: 0001481582
- company_name: Ryerson Holding Corp
- filed_at: 2026-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1481582/000119312526040024/0001193125-26-040024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1481582/000119312526040024/d72538d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-040024
- JSON: https://secwatch.observer/filing/0001193125-26-040024.json
- Plain text: https://secwatch.observer/filing/0001193125-26-040024.txt

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