| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 2.0K | 28.1% | 71.6% |
| Total Income | 2.0K | 28.1% | 71.6% |
| Expenditure | 2.0K | 27.8% | 69.5% |
| PBT | 22.00 | 66.7% | 449.2% |
| Net Profit | 15.50 | 244.4% | 715.8% |
| OPM | 1.72% | 0.23pp | 1.22pp |
| NPM | 0.77% | 0.49pp | 0.61pp |
| EPS | 0.30 | 172.7% | 400.0% |
Ryerson Reports Q2 2026 Results: Revenue $2.01B, Net Income $15.5M
30 Jul 2026 · 30 Jul, 1:57 am
Summary
Ryerson Holding Corporation reported strong second quarter 2026 results, with revenue reaching $2.01 billion, up 28.1% sequentially and 71.6% year-over-year, driven by increased tons shipped and higher average selling prices. Net income for the quarter was $15.5 million, or $0.30 per diluted share, a substantial improvement from previous periods. The company also achieved $5 million in synergy attainment and anticipates exceeding its first-year synergy target, demonstrating successful integration of Olympic Steel. Management expressed optimism about continued value accretion and enhanced customer service capabilities.
Key Highlights
- 1
Ryerson generated revenue of $2.01 billion in the second quarter of 2026, a 28.1% increase quarter-over-quarter and a 71.6% increase year-over-year.
- 2
The company reported second quarter net income of $15.5 million, or $0.30 per share, a significant increase from $4.5 million in the prior quarter and $1.9 million in the second quarter of 2025.
- 3
Adjusted EBITDA, excluding LIFO, was $101.0 million for Q2 2026, up 49.9% sequentially and 124.4% year-over-year.
- 4
Ryerson realized approximately $5 million in second quarter synergy attainment and expects to realize $13 to $14 million in third quarter synergies, positioning the Company to exceed its $40 million first-year annual run-rate synergy target ahead of schedule.
- 5
Total Company debt stood at $955 million and net debt at $913 million at the end of Q2 2026, an increase driven by higher working capital requirements.
- 6
The Board of Directors declared a quarterly cash dividend of $0.1875 per share of common stock.
Management Comments
Eddie Lehner
Despite a high-friction economy, Ryerson delivered a promising second quarter by exceeding our revenue, shipment, and Adjusted EBITDA, excl. LIFO guidance expectations as the positively impactful validations of the Ryerson-Olympic merger are proving out all-around and every day. We generated improved sequential and year-over-year net income while realizing encouraging transactional order and market share growth, productivity gains, and synergy attainment. These results were delivered in an asymmetric but better industrial demand environment, highlighted by strong artificial intelligence driven increases in business investment, juxtaposed with somewhat stilted traditional vertical markets, as well as some supply-side capacity constraints in mill production and truck based delivery. I want to thank all of my Ryerson Family of Companies teammates for their exemplary execution in the quarter and commitment to delivering great customer experiences across our network of intelligently connected value-added service centers. Most importantly, we are building enhanced value accretion capabilities throughout our post-merger combined companies to the betterment of all Ryerson stakeholders.
Rick Marabito
Our teams executed well for our customers in the second quarter while continuing to advance the integration of Ryerson and Olympic Steel. In this market environment, customers are increasingly valuing product availability, reliability, processing capability, and speed of response, and we believe our expanded scale positions us better to meet those needs. We realized our targeted synergies for the quarter and are now expecting to exceed our first-year annual run-rate synergy goal thanks to the execution and teamwork taking place across the combined enterprise. We are encouraged by how naturally our teams are working together with a shared purpose. We are seeing the collaboration across our teams and geographies create new opportunities, solve customer needs faster, and improve the customer experience across the organization.
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