Ryerson Holdings ( (RYI) ) has released its Q2 earnings. Here is a breakdown of the information Ryerson Holdings presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Ryerson Holding Corporation is a prominent processor and distributor of industrial metals, operating across the United States, Canada, Mexico, and China, with a history dating back to 1842.
In its second quarter of 2025, Ryerson reported revenue of $1.17 billion, aligning with its guidance, and a net income of $1.9 million. The company also achieved an Adjusted EBITDA of $45 million, excluding LIFO, demonstrating resilience amid challenging market conditions.
Key financial highlights include a 3% increase in revenue quarter-over-quarter, driven by a 2.8% rise in average selling prices and a slight increase in tons shipped. Despite a net debt increase to $479 million, Ryerson maintained a strong liquidity position with $485 million available. The company also declared a third-quarter dividend of $0.1875 per share, continuing its commitment to shareholder returns.
Looking ahead, Ryerson anticipates a slight decrease in customer shipments due to seasonal patterns and subdued demand in the manufacturing sector. However, the company expects stable average selling prices and aims for an adjusted EBITDA, excluding LIFO, between $40 million and $45 million in the third quarter of 2025.