| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 1.2K | 0.7% | 3.1% |
| Total Income | 1.2K | 0.7% | 3.1% |
| Expenditure | 1.2K | 0.1% | 3.7% |
| PBT | -10.30 | 63.5% | 60.9% |
| Net Profit | -14.80 | 879.0% | 124.2% |
| OPM | -0.09% | 0.58pp | 0.56pp |
| NPM | -1.27% | 1.44pp | 0.69pp |
| EPS | -0.46 | 866.7% | 130.0% |
Ryerson Reports Q3 2025 Results: Revenue $1.16 Billion
04 May 2026 · 4 May, 8:44 am
Summary
Ryerson Holding Corporation reported third-quarter 2025 net sales of $1.16 billion, a decrease of 0.7% compared to the prior quarter. Average selling prices increased by 2.6%, while tons shipped decreased by 3.2% quarter-over-quarter. The company's net loss attributable to Ryerson Holding Corporation for the third quarter of 2025 was $14.8 million, or $0.46 per diluted share, compared to net income of $1.9 million in the previous quarter. For the fourth quarter of 2025, Ryerson expects net sales to be in the range of $1.07 billion to $1.11 billion.
Key Highlights
- 1
Ryerson generated third quarter revenue of $1.16 billion, aligning with guidance, with average selling prices up 2.6% and tons shipped down 3.2% compared to the prior quarter.
- 2
The company reported a net loss attributable to Ryerson Holding Corporation of $14.8 million, or a diluted loss per share of $0.46, and Adjusted EBITDA, excluding LIFO, of $40.3 million.
- 3
Ryerson ended the third quarter with debt of $500 million and net debt of $470 million, compared to $510 million and $479 million, respectively, as of the end of the second quarter.
- 4
A fourth-quarter 2025 dividend of $0.1875 per share was declared.
- 5
The company expects fourth quarter net sales to be in the range of $1.07 billion to $1.11 billion.
- 6
Adjusted EBITDA, excluding LIFO, is expected to be in the range of $33 million to $37 million for Q4 2025.
Management Comments
Eddie Lehner
During the third quarter, we executed on our self-help playbook, delivering on perennial service center fundamentals of speed, availability, consistency, and on-time-delivery as we effectively managed the business amidst a procession of challenges that have endured for 36 months running. As the Purchasing Manager's Index (PMI) continues to live at recessed levels for 33 out of the past 36 months and MSCI (Metals Service Center Industry) demand has declined year over year, it is a buyer’s market evidenced by discounting and smaller orders sizes. Areas of particular weakness in the quarter were OEM contract shipments and carbon steel margin compression. Areas of strength were transactional sales growth and further operationalization of new investments made over the past three years. We generated revenue and shipments within our guidance range while reducing debt, taking out non-value-added expenses, and managing net working capital efficiently. I would like to thank all of my colleagues for their safe, productive and determined efforts throughout the quarter and year-to-date as we position Ryerson for better times ahead.
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