Quarterly ResultMay 6, 2026, 04:25 PM
Ryerson Q1 Revenue $1.57B; EPS $0.10; Declares Dividend, Authorizes Buyback
AI Summary
Ryerson Holding Corporation reported Q1 2026 revenue of $1.57 billion, a 37.9% increase year-over-year, with net income of $4.5 million, or $0.10 per diluted share. The company also announced a quarterly cash dividend of $0.1875 per share and authorized an additional $100 million for share repurchases over the next two years. Integration of Olympic Steel is progressing, with $1 million in synergies realized in Q1 and a target of $120 million annual run-rate synergies by early 2028. Ryerson provided a positive outlook for Q2 2026, projecting increased net sales and net income.
Key Highlights
- Q1 2026 revenue increased 37.9% year-over-year to $1.57 billion.
- Net income was $4.5 million, or $0.10 per diluted share.
- Adjusted EBITDA, excluding LIFO, was $67.4 million, up 105.5% year-over-year.
- Board declared a quarterly cash dividend of $0.1875 per share.
- Board authorized an additional $100 million for share repurchases over two years.
- Olympic Steel integration realized $1 million in synergies in Q1.
- Q2 2026 net sales are projected to be $1.86 billion to $1.93 billion.
- Q2 2026 net income is projected to be $20 million to $22 million.