Ryerson Holdings (RYZ)
NYSE:RYZ
Want to see RYZ full AI Analyst Report?
Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.4Last Year’s EPS
0.08Same Quarter Last Year
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The earnings call highlights a clear operational rebound: strong shipment growth, robust revenue expansion (+37.9% YoY), margin improvement, and adjusted EBITDA more than doubling year-over-year. Integration with Olympic Steel is producing early, tangible synergies (procurement savings realized, facility consolidations, and initial synergy targets on track) and management provided constructive Q2 guidance including higher revenues and substantially higher expected adjusted EBITDA. Counterbalancing these positives are elevated leverage (net debt increased to $883M and leverage rose to 5.1x), significant near-term cash use for working capital and merger costs, higher-than-expected LIFO expense, and demand unevenness in contract/OEM markets plus commodity/delivery cost inflation risk. On balance, the operational momentum, synergy progress, and improved profitability and guidance materially outweigh the near-term balance-sheet and cost pressures.Company Guidance
Strong Volume Recovery and Market Share Gains
Total company tons shipped increased sequentially by 42.3% (13.4% on a same-store basis). Year-over-year shipments rose 31.2% (4.6% on a same-store basis). Ryerson outpaced the MSCI industry trend and realized market share gains, driven by transactional strength and carbon products.
Revenue Growth
Total company net sales of $1.57 billion in Q1 2026, up 37.9% year-over-year. Same-store net sales were $1.29 billion with same-store shipments +4.6% and same-store average selling prices +8.9% year-over-year.
Margin Expansion and Profitability Improvement
Same-store gross margin expanded by 270 basis points to 18% (gross margin excluding LIFO expanded 150 bps to 18.8%). Net income was $4.5 million ($0.10 per diluted share) vs. a loss in prior-year quarter; adjusted net income was $13.1 million ($0.30 per diluted share).
Adj. EBITDA More Than Doubled
Total company adjusted EBITDA, excluding LIFO, was $67.4 million in Q1 2026, more than doubling the prior-year Q1 result of $32.8 million. Same-store adjusted EBITDA, excluding LIFO, was $54.9 million and exceeded expectations. Olympic Steel contributed an additional $12.5 million for its 6-week post-merger period.
Meaningful Early Synergy Realization
Procurement synergies executed in Q1 are expected to generate approximately $15 million in annual savings and the company is on track for a $40 million two-year procurement target. Q2 synergy realization expected $4–6 million; management remains on track for $120 million annual run-rate synergies in two years.
Q2 Outlook and Improved Forward Guidance
Guidance for Q2 2026: total company tons shipped expected to be 18%–20% higher than Q1 (reflecting full inclusion of Olympic Steel), revenues of $1.86–$1.93 billion, same-store ASPs +2%–4% sequentially, net income of $20–$22 million ($0.38–$0.42 per diluted share), and adjusted EBITDA excluding LIFO of $88–$92 million.
Operational and Balance Sheet Positives
Inventory days of supply decreased 5 days to 74 (within the 70–75 target range). Cash conversion cycle remained well managed at 67 days (1 day improvement). Global liquidity increased from $502 million to $618 million quarter-over-quarter.
Shareholder Returns and Capital Allocation Tools
Distributed $9.7 million in dividends in Q1 and announced a new share repurchase authorization up to $100 million over two years. Opportunistic repurchases in Q1 returned $1.6 million (approximately 74,000 shares). Q1 capital expenditures were modest at $12 million, and full-year capex guidance remains ~$75 million including Olympic.
Integration Execution and Cultural Alignment
Management reports rapid establishment of unified leadership, positive cross-company collaboration, early commercial and facility synergies (including two facility exits producing ~$1.5 million annual savings), and broad employee engagement that surfaced additional synergy ideas.
RYZ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RYZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $28.23 | $26.43 | -6.38% |
Feb 19, 2026 | $23.73 | $27.77 | +17.03% |
Oct 28, 2025 | $23.23 | $21.93 | -5.60% |
Jul 29, 2025 | $21.30 | $20.48 | -3.86% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Ryerson Holdings (RYZ) report earnings?
Ryerson Holdings (RYZ) is schdueled to report earning on Aug 05, 2026, After Close (Confirmed).
What is Ryerson Holdings (RYZ) earnings time?
Ryerson Holdings (RYZ) earnings time is at Aug 05, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RYZ EPS forecast?
RYZ EPS forecast for the fiscal quarter 2026 (Q2) is 0.4.