Ryerson Holding Corporation · NYSE:RYZ

Ryerson — Q2 2026 Earnings Presentation

16 slides from Ryerson's earnings presentation, Jul 29, 2026

  1. Slide 1: Ryerson Holding Corporation Earnings Presentation Second Quarter 2026

    Ryerson Holding Corporation Earnings Presentation Second Quarter 2026 Exhibit 99.2

  2. Slide 2: Important Information About Ryerson Holding Corporation

    Important Information About Ryerson Holding Corporation These materials do not constitute an offer or solicitation to purchase or sell securities of Ryerson Holding Corporation (“Ryerson” or “the Company”) or its subsidiaries and no investment decision should be made based upon the information provi

  3. Slide 3: Q2 2026 Highlights

    RYERSON REVENUE $2.01B +28% QoQ | +12% QoQ Same-store ADJ. EBITDA, EXCL. LIFO $101M +$34M QoQ | +$23M QoQ Same-store FREE CASH FLOW $(17.5)M +$146M QoQ NET DEBT / LEVERAGE $913M / 4.0x +$30M QoQ | -1.1x QoQ FINANCIAL ACHIEVMENTS Exceeded revenue and Adjusted EBITDA, excl. LIFO guidance Strongest sam

  4. Slide 4: End-Market Demand

    End-Market Demand RYERSON Volumes exceeded expectations, with broad sequential improvement: Total company shipments increased 22.6% quarter-over-quarter, or 4.0% on a same-store basis, exceeding guidance expectations. Secular demand supported activity across traditional end markets: Data center and

  5. Slide 5: Q3 2026 EBITDA Guidance

    RYERSON 1Net income attributable to Ryerson Holding Corporation; 2Diluted EPS of $0.39 represents the midpoint of our $0.37 –$0.40 guidance range. See Ryerson’s 8-K filed on July 29, 2026 Net sales Net Income1 Adj. EBITDA, excl. LIFO $1.87 - 1.95B $19 – 21M $88 - 92M Third quarter guidance assumes:

  6. Slide 6: Olympic Integration Dashboard

    Olympic Integration Dashboard RYERSON Achieved Q2 synergy realization target; projecting $13-14 million in Q3 Synergy Pillar Two-Year Target Run-Rate Q2 P&L Realized Q3 P&L Expected1 Annualized Run-Rate Synergies1 Q3/Q4 Milestones1 Procurement $40M $2.0 ~$6.5 ~$26 Continue supplier harmonization Ope

  7. Slide 7: Strategically Allocating Capital

    RYERSON Capex Dividends M&A Buybacks Budgeted $75M for FY 2026 Quarterly dividends/share of $0.1875 to date Active but selective approach Repurchased $0.8M in Q2 Prioritizing free cash flow generation and debt reduction Maintained disciplined approach to capex in the second quarter while supporting

  8. Slide 8: Q2 2026 Key Financial Metrics

    RYERSON 1 Net income attributable to Ryerson Holding Corporation; 2A reconciliation of non-GAAP financial measures to the comparable GAAP measure is included in the Appendix. See Ryerson’s 8-K filed on July 29, 2026. Net Sales Gross Margin Net Income1 Diluted Earnings per Share Total Debt $2.01B 17.

  9. Slide 9: Capital Management

    Capital Management RYERSON Leverage ratio decrease was driven by EBITDA contribution + synergy conversion We expect that working capital requirements will moderate in Q3, moving us closer to a leverage ratio of ~3.0x by year-end Q2 Global Liquidity1: $757M LEVERAGE RATIO / GOAL 4.0x / 0.5-2.0x QoQ L

  10. Slide 10: Ryerson

    RYERSON

  11. Slide 11: Appendix

    Appendix

  12. Slide 12: Forward-Looking Statements

    FORWARD-LOOKING STATEMENTS This communication contains certain “forward-looking statements” within the meaning of federal securities laws. Forward-looking statements may be identified by words such as “anticipates,” “believes,” “could,” “continue,” “estimate,” “expects,” “intends,” “will,” “should,”

  13. Slide 13: Key Pillars Underpinning Synergy Realization

    Note: 1 Synergy estimate is preliminary and subject to change; synergy realization subject to estimated ~40M non-recurring cost to achieve across years 1 & 2; 2 2024 Figure includes run-rate synergies of $120M 4 Key Pillars Underpinning Synergy Realization OVERVIEW ~$120M Expected Annual Run Rate Sy

  14. Slide 14: Quarterly Financial Highlights

    *Net Income (Loss) attributable to Ryerson Holding Corporation; A reconciliation of non-GAAP financial measures to the comparable GAAP measure is included in this Appendix Gross Margin & Adj. Gross Margin, excl. LIFO Tons Shipped, thousands Average Selling Price per Ton Adj. EBITDA, excl. LIFO & Net

  15. Slide 15: Non-GAAP Reconciliation: Adjusted EBITDA, excl. LIFO

    Non-GAAP Reconciliation: Adjusted EBITDA, excl. LIFO

  16. Slide 16: Non-GAAP Reconciliation: Adjusted Net Income, Leverage, & Availability

    Non-GAAP Reconciliation: Adjusted Net Income, Leverage, & Availability

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