earnings
confidence high
sentiment positive
materiality 0.85
Ryerson posts record Q1 revenue of $1.75B, EPS $4.17; announces bond buyback program and dividend increase
Ryerson Holding Corp
2022-Q1 EPS reported
$4.17
revenue$1,748,800,000
- Record diluted EPS of $4.17; adjusted diluted EPS $4.27; net income $163.6M.
- Revenue $1.75B, up 52.4% YoY; tons shipped up 11.4% QoQ to 528K.
- Repurchased $63.1M of 8.50% senior secured notes due 2028; board approved up to $172M additional buyback.
- Q2 dividend raised 25% to $0.125 per share; leverage ratio reduced to 0.5x.
- Adjusted EBITDA (ex-LIFO) $250.6M, up 5% QoQ; margin 14.3%.