Ryerson Holdings ( (RYI) ) has released its Q1 earnings. Here is a breakdown of the information Ryerson Holdings presented to its investors.
Ryerson Holding Corporation is a prominent processor and distributor of industrial metals, operating across the United States, Canada, Mexico, and China, with a rich history dating back to 1842. The company is known for its extensive network of service centers and its focus on value-added processing in the metals industry.
In the first quarter of 2025, Ryerson reported a revenue of $1.14 billion, marking a 12.7% increase from the previous quarter, driven by strong transactional sales and market share gains. Despite this revenue growth, the company faced a net loss of $5.6 million, or $0.18 per diluted share, attributed to increased operational expenses and a challenging pricing environment.
Key financial metrics for the quarter included a gross margin of 18.0%, a slight contraction from the previous quarter, and an adjusted EBITDA excluding LIFO of $32.8 million. The company also saw a significant increase in warehousing and administrative expenses due to higher sales volumes and personnel-related costs. Ryerson’s strategic focus on optimizing assets and improving operational productivity was evident in the 12% year-over-year increase in transactional sales.
Looking ahead, Ryerson anticipates a stable second quarter with expected net sales ranging from $1.15 billion to $1.19 billion and a modest increase in average selling prices. The company remains committed to enhancing shareholder value through continued operational improvements and strategic investments, despite ongoing challenges in the metals industry.