Quarterly ResultJul 29, 2026, 04:28 PM
Ryerson Q2 Revenue $2.01B; Net Income $15.5M; EPS $0.30
AI Summary
Ryerson Holding Corporation reported strong second-quarter 2026 financial results, exceeding revenue and Adjusted EBITDA guidance following its merger with Olympic Steel. The company achieved $2.01 billion in revenue and $15.5 million in net income, with diluted EPS of $0.30. Ryerson also realized $5 million in Q2 synergy benefits and anticipates exceeding its first-year synergy target. The Board of Directors declared a quarterly cash dividend of $0.1875 per share.
Key Highlights
- Q2 2026 revenue reached $2.01 billion, up 28.1% quarter-over-quarter.
- Net income for Q2 2026 was $15.5 million, a 244.4% increase sequentially.
- Diluted earnings per share for Q2 2026 were $0.30, up from $0.10 in Q1 2026.
- Adjusted EBITDA, excluding LIFO, was $101.0 million, a 49.9% sequential increase.
- Board declared a quarterly cash dividend of $0.1875 per share.
- Realized $5 million in Q2 synergy benefits from the Olympic Steel merger.
- Expects $13-14 million in Q3 synergies, aiming to exceed the $40 million first-year target.
- Forecasts Q3 2026 net sales between $1.87 billion and $1.95 billion.
Price Impact
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