Business
Ryerson Reports First Quarter 2025 Results
Ryerson Reports First Quarter 2025
About this update from Ryerson Holding Corporation
[{"type":"text","content":"Quarterly business highlights include strong transactional sales, operational productivity, and working capital management, increase in market share, maintenance of expense controls, ramp up of capital improvements at our Shelbyville, KY non-ferrous processing center, and continued progress operationalizing capex investments and optimizing assets across our North America service center network. CHICAGO, April 30, 2025 /PRNewswire/ -- Ryerson Holding Corporation (NYSE: RYI), a leading value-added processor and distributor of industrial metals, today reported results for the first quarter ended March 31, 2025.Highlights: Generated first quarter revenue of $1.14 billion on 500,000 tons shipped at an average selling price of $2,271 per tonIncurred Net Loss attributable to Ryerson Holding Corporation of $5.6 million, or Diluted Loss Per Share of $0.18, and Adjusted EBITDA1, excluding LIFO of $32.8 millionEnded the quarter with debt of $498 million and net debt2 of $464 million as of March 31, 2025, compared to $468 million and $440 million, respectively, on December 31, 2024Progress on optimizing newly installed assets across the network with expense per ton sold decreasing $32 YoYGained market share in industry with transactional sales increasing 12% YoYDeclared a second-quarter 2025 dividend of $0.1875 per share A reconciliation of non-GAAP financial measures to the comparable GAAP measure is included below in this news release.$ in millions, except tons (in thousands), average selling prices, and earnings per shareFinancial Highlights:Q1 2025Q4 2024Q1 2024QoQYoYRevenue$1,135.7$1,007.4$1,239.212.7 %(8.4) %Tons shipped50044749711.9 %0.6 %Average selling price/ton$2,271$2,254$2,4930.8 %(8.9) %Gross margin18.0 %19.0 %17.6 %-100 bps40 bpsGross margin, excl. LIFO18.6 %16.4 %17.6 %220 bps100 bpsWarehousing, delivery, selling, general, and administrative expenses$202.1$188.5$216.87.2 %(6.8) %As a percentage of revenue17.8 %18.7 %17.5 %-90 bps30 bpsNet loss attributable to Ryerson Holding Corporation$(5.6)$(4.3)$(7.6)(30.2) %26.3 %Diluted loss per share$(0.18)$(0.13)$(0.22)$(0.05)$0.04Adjusted diluted loss per share$(0.18)$(0.14)$(0.18)$(0.04)—Adj. EBITDA, excl. LIFO$32.8$10.3$40.2218.4 %(18.4) %Adj. EBITDA, excl. LIFO m...