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Ryerson Holdings ( (RYI) ) just unveiled an announcement.
On the closing date of the merger completed as of February 13, 2026, Ryerson amended its long-standing asset-based credit agreement, extending its maturity by five years, increasing total commitments from $1.3 billion to $1.8 billion and aligning terms with the combined operations of Joseph T. Ryerson & Son and Olympic Steel. The expanded facility will be used in part to repay and terminate Olympic Steel’s existing loan and security agreement, supporting integration financing needs after the transaction.
Under the merger, a Ryerson subsidiary was combined with Olympic Steel, with each Olympic share converted into 1.7105 Ryerson shares and approximately 19.5 million new Ryerson shares issued, leaving former Olympic shareholders owning about 37% of the enlarged group. Olympic’s equity awards and long-term incentives were either converted into Ryerson-based instruments or cashed out on defined terms, and Olympic’s Nasdaq-listed shares, previously trading under “ZEUS,” ceased trading and were delisted at the close on the February 13, 2026 closing date.
Ryerson and Olympic Steel announced that the combined company will operate as Ryerson Holding Corporation and, beginning February 24, 2026, will change its New York Stock Exchange ticker from “RYI” to “RYZ” while retaining its existing listing and CUSIP. The merger solidifies Ryerson’s position as the second-largest North American metals service center, with management highlighting complementary footprints, broader product offerings and expected operational efficiencies across an expanded network.
Leadership of the combined company was reshaped with Ryerson CEO Eddie Lehner remaining in place and former Olympic CEO Richard T. Marabito becoming President and Chief Operating Officer, supported by a blended finance and operating team drawn from both organizations. Former Olympic Executive Chairman Michael D. Siegal was appointed chairman of the enlarged 11-member Ryerson board, which now includes three additional former Olympic directors and aims to steer the company through integration and value creation.
On February 13, 2026, Ryerson’s board approved time-vested restricted stock unit inducement awards for Marabito, Andrew S. Greiff and Richard A. Manson, structured to vest in full on the third anniversary of grant, aligning key incoming executives’ incentives with long-term performance. The board also declared a first-quarter cash dividend of $0.1875 per share of Ryerson common stock, payable on March 19, 2026 to shareholders of record on March 5, 2026, maintaining capital returns while integrating the Olympic Steel acquisition.
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, with operations in the United States, Canada, Mexico and China. Founded in 1842, the company employs around 4,300 people across 106 locations and focuses on supplying a wide range of metal products and processing services to industrial customers.
Olympic Steel, founded in 1954 and now a wholly owned Ryerson subsidiary, is a U.S. metals service center focused on the direct sale and value-added processing of carbon and coated steel, stainless and aluminum products, pipe and tube, and various metal-intensive end-use products. Headquartered in Cleveland, it operates from 53 facilities and broadens Ryerson’s product portfolio and geographic reach in North America.
Average Trading Volume: 358,226
Technical Sentiment Signal: Buy
Current Market Cap: $957.3M
See more insights into RYI stock on TipRanks’ Stock Analysis page.