Quarterly ResultOct 28, 2026, 04:22 PM
Ryerson Holding Corp Q3 Revenue $2.18B, Net Income $32M, Exceeds Synergy Target
AI Summary
Ryerson Holding Corp announced strong third quarter 2026 results, exceeding revenue, net income, and Adjusted EBITDA guidance. The company reported $2.18 billion in revenue and $32.0 million in net income ($0.61 per diluted share). A key achievement was surpassing the first-year synergy run-rate target ahead of schedule, reaching approximately $52 million. The Board also declared a quarterly cash dividend of $0.1875 per share. The company provided a cautious outlook for Q4 2026, expecting sequential declines in shipments due to seasonality.
Key Highlights
- Ryerson Holding Corp reported Q3 2026 revenue of $2.18 billion, up 8.6% QoQ and 87.5% YoY.
- Q3 2026 net income was $32.0 million, or $0.61 per diluted share, a significant increase from $15.5 million ($0.30/share) in Q2 2026.
- Adjusted EBITDA, excluding LIFO, was $115.0 million, exceeding guidance and up 13.9% QoQ.
- The company exceeded its first-year synergy run-rate target, achieving approximately $52 million annualized run-rate.
- Board declared a quarterly cash dividend of $0.1875 per share, payable on December 17, 2026.
- Total debt increased to $1.01 billion, with net debt at $966 million.
- Q4 2026 guidance projects net sales between $1.96 billion and $2.04 billion, and net income of $16-$20 million.
Price Impact
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