| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 2.2K | 8.6% | 87.5% |
| Total Income | 2.2K | 8.6% | 87.5% |
| Expenditure | 2.1K | 7.8% | 82.9% |
| PBT | 36.40 | 65.5% | 453.4% |
| Net Profit | 32.00 | 106.5% | 316.2% |
| OPM | 2.37% | 0.65pp | 2.45pp |
| NPM | 1.47% | 0.70pp | 2.74pp |
| EPS | 0.62 | 106.7% | 234.8% |
Ryerson Reports Q3 2026 Results: Revenue $2.18B, Net Income $32.0M
29 Oct 2026 · 2h ago
Summary
Ryerson Holding Corporation announced strong third quarter 2026 results, with total revenue reaching $2.18 billion, up 8.6% sequentially and 87.5% year-over-year. Net income for the quarter was $32.0 million, or $0.61 per diluted share, a significant improvement from the prior year. The company also surpassed its first-year synergy target ahead of schedule, realizing $13 million in benefits during the quarter. Management expressed confidence in continued momentum and achieving future synergy targets, while the outlook for the fourth quarter anticipates sequential declines in shipments but stable to slightly increasing average selling prices.
Key Highlights
- 1
Ryerson Holding Corporation reported total Company revenue of $2.18 billion in the third quarter of 2026, exceeding previously provided guidance.
- 2
The company achieved total Company third quarter net income of $32.0 million, or $0.61 per diluted share, also exceeding guidance.
- 3
Adjusted EBITDA, excluding LIFO, was $115.0 million for the third quarter, significantly up from $40.3 million in the prior year period.
- 4
Ryerson realized approximately $13 million in third quarter synergy benefits, representing $52 million on an annualized, run-rate basis, exceeding the first-year target ahead of schedule.
- 5
Same-store revenue was $1.58 billion, with sequential average selling prices increasing by 7.3% and tons shipped increasing by 1.8% to reach their highest quarterly level in over five years.
- 6
The company expects net sales for the fourth quarter of 2026 to be in the range of $1.96 billion to $2.04 billion.
Management Comments
Eddie Lehner
Ryerson delivered an excellent third quarter, generating results above our guidance while eclipsing our first-year synergy run-rate target ahead of schedule. These simultaneous achievements reflect the resourcefulness, collaborative efforts, and passion of our teammates as our investments, commercial execution, and integration efforts came together to produce our best quarter of 2026. The strength we saw in daily shipment volumes and invoice counts defied normal industry seasonality, with AI infrastructure and power generation investment elevating overall demand through the quarter. I want to thank and recognize all of my RYZ colleagues for acting with shared purpose and empowering one another to create great customer experiences while translating the strengths of our combined enterprise into growth with greater earnings power. Two full quarters into the merger, our combined positive momentum continues to build further toward the formidable potential we believe our enterprise can realize in the quarters and years ahead.
Rick Marabito
Resilient customer demand and strong execution across our expanded network drove our highest same-store quarterly shipments in more than five years. With industry inventories low and mill lead times extended, our greater scale and improving inventory visibility are helping our teams locate and share material, coordinate processing resources and meet customer needs across the combined enterprise. We are also aligning customer programs with the facilities best equipped to serve them, which is supporting higher asset utilization and a lower cost to serve while creating capacity for additional transactional business. Commercial synergies continue to exceed our expectations, and progress across our four synergy pillars reinforces our confidence in achieving our two-year target of $120 million in annual run-rate synergies. I want to thank our teams for putting our shared values of customer commitment, accountability and teamwork into action, delivering excellent customer experiences while building a stronger business for all our stakeholders.
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