Ryerson Holding Corp

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.

Ryerson Holding Corp. completed its merger with Olympic Steel, Inc. on February 13, 2026, for a total consideration of $837.3 million, significantly expanding its market presence. The company reported strong financial results for the second quarter of 2026, with net sales rising to $2,006.2 million and net income attributable to shareholders increasing to $15.5 million, or $0.30 per share. The merger contributed substantially to these figures, and the company also increased its credit facility to support future operations.

Ryerson Holding Corporation commenced investor presentations on May 27, 2026, utilizing slides that highlight the company's recent merger with Olympic Steel and its strategic outlook. The presentation detailed an expected $120 million in annual run-rate synergies from the merger, with $40 million from Q1 actions, of which $1 million was realized in Q1 2026. The company also provided Q2 2026 guidance and discussed its capital allocation strategy, including dividends and share buybacks.

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.

Ryerson Holding Corp. completed the acquisition of Olympic Steel for $837.3 million on February 13, 2026, significantly expanding its North American metals service center presence. For Q1 2026, the company reported net income of $4.5 million, a turnaround from a $5.6 million loss in Q1 2025, on net sales of $1,566.5 million, up 37.9% year-over-year. However, net cash used in operating activities increased substantially, and long-term debt nearly doubled due to the acquisition.

Ryerson Holding Corporation held its Annual Meeting on April 30, 2026, where stockholders approved several key proposals. These included the Third Amended and Restated 2014 Omnibus Incentive Plan, which increased shares reserved for issuance by 1,500,000 and extended its term. Stockholders also approved an amendment to the Certificate of Incorporation to provide for officer exculpation. Additionally, Kirk K. Calhoun was not re-elected as a director, while Jacob Kotzubei, Edward J. Lehner, and Philip E. Norment were re-elected. KPMG LLP was ratified as the independent auditor, and the advisory 'say-on-pay' vote was approved.