MergerJul 29, 2026, 04:24 PM
Ryerson Completes Olympic Steel Merger; Q2 Net Sales $2.01B, EPS $0.30
AI Summary
Ryerson Holding Corp. completed its merger with Olympic Steel, Inc. on February 13, 2026, for a total consideration of $837.3 million, significantly expanding its market presence. The company reported strong financial results for the second quarter of 2026, with net sales rising to $2,006.2 million and net income attributable to shareholders increasing to $15.5 million, or $0.30 per share. The merger contributed substantially to these figures, and the company also increased its credit facility to support future operations.
Key Highlights
- Completed Olympic Steel Merger on February 13, 2026, for $837.3 million.
- Issued 19.5 million shares ($527.3M) and paid $270.0 million cash for the merger.
- Net sales for Q2 2026 increased to $2,006.2 million from $1,169.3 million in Q2 2025.
- Net income attributable to Ryerson Holding Corp. for Q2 2026 was $15.5 million, up from $1.9 million.
- Basic earnings per share for Q2 2026 was $0.30, compared to $0.06 in Q2 2025.
- Ryerson Credit Facility increased to $1.8 billion, extending maturity to February 13, 2031.
- Declared dividends of $0.1875 per share for the quarter.
Price Impact
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