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Ryerson and Olympic Steel Complete Merger, Expand Credit Facility

Story Highlights
  • Ryerson ended 2025 with softer Q4 margins, a net loss, but improved leverage and solid full-year cash generation despite weak industrial demand.
  • Closing the Olympic Steel merger and expanding its credit facility position Ryerson for $120 million in synergies and upside from a potential U.S. manufacturing rebound.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Ryerson and Olympic Steel Complete Merger, Expand Credit Facility

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Ryerson Holdings ( (RYI) ) has provided an announcement.

Ryerson reported fourth-quarter 2025 revenue of $1.10 billion, with tons shipped down 4.9% sequentially and average selling prices essentially flat, as contractionary industrial demand and mill-driven cost increases compressed margins and led to a quarterly net loss of $37.9 million. For full-year 2025, revenue was $4.57 billion with higher adjusted EBITDA ex-LIFO year over year, while net debt was reduced to $436 million and leverage improved to 3.1x.

On February 13, 2026, Ryerson closed its merger with Olympic Steel and extended and upsized its credit facility from $1.3 billion to $1.8 billion, moves that strengthen its balance sheet, expand financing flexibility, and are expected to unlock about $120 million in annual run-rate synergies over the next two years. The board also declared a first-quarter 2026 dividend of $0.1875 per share, and management signaled early signs of a demand and pricing recovery in early 2026, positioning the combined company to benefit from an anticipated inflection in U.S. manufacturing.

The most recent analyst rating on (RYI) stock is a Hold with a $31.00 price target. To see the full list of analyst forecasts on Ryerson Holdings stock, see the RYI Stock Forecast page.

Spark’s Take on RYI Stock

According to Spark, TipRanks’ AI Analyst, RYI is a Neutral.

The score is held back primarily by weak financial performance (profitability pressure and deteriorating free cash flow) and a negative P/E tied to losses. Technicals are moderately supportive with a trend above major moving averages and positive MACD, while the earnings call adds mixed support due to merger synergies and improved liquidity offset by soft demand and loss-making guidance.

To see Spark’s full report on RYI stock, click here.

More about Ryerson Holdings

Ryerson Holding Corporation is a leading value-added processor and distributor of industrial metals, serving manufacturing and industrial customers across North America. With the recently completed merger with Olympic Steel, Ryerson has expanded its scale and solidified its position as the continent’s second-largest metals service center, aiming to enhance customer experience and operational synergies.

Average Trading Volume: 394,605

Technical Sentiment Signal: Hold

Current Market Cap: $1.3B

Learn more about RYI stock on TipRanks’ Stock Analysis page.

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