Welcome to our dedicated page for Ryerson Hldg news (Ticker: RYI), a resource for investors and traders seeking the latest updates and insights on Ryerson Hldg stock.
Company Overview
Ryerson Holding Corp (RYI) is a seasoned industrial metals service center and value-added processor that specializes in the distribution, processing, and supply of critical metal products. As a company with roots going back to 1842, Ryerson has evolved into a trusted entity in the industrial metals sector, offering comprehensive processing solutions and a full line of products including stainless steel, aluminum, carbon steel, and alloy steels. With established operations in the United States, Canada, Mexico, and China, the company leverages its extensive network to serve a wide spectrum of customers, from small independent fabricators and machine shops to large-scale international original equipment manufacturers.
Business Model and Operations
At its core, Ryerson generates the bulk of its revenue through the sale of processed metal products. The company operates a sophisticated network of service centers strategically located across key manufacturing regions, ensuring high service levels and operational efficiency. Its value-added processes include precision cutting, slitting, and other customized fabrication services that allow customers to receive metal products tailored to their specific requirements. This integrated operations model not only streamlines supply chains but also positions Ryerson to meet diverse market demands with reliability and quality.
Market Position and Competitive Landscape
Ryerson has established itself within a competitive and cyclical metals industry through robust processing capabilities and extensive geographic reach. Its competitive advantage stems from a combination of decades of operational expertise, advanced processing technologies, and an in-depth understanding of market dynamics. The company navigates complex market conditions by optimizing its service center network, managing inventory efficiently through systems like LIFO adjustments, and continuously refining its value-added services. These practices help Ryerson maintain its market significance even amidst fluctuating commodity prices and variable industrial demand.
Industry Expertise and Value Proposition
With more than a century of experience, Ryerson demonstrates unparalleled expertise in the metals distribution and processing arena. Its long history and sustained operational excellence underscore its commitment to quality, safety, and customer satisfaction. The company not only processes and distributes a wide range of metal products, but also plays a crucial role in supporting the manufacturing sector by providing materials that are essential for fabrication and production. This unique blend of industry expertise and operational versatility reinforces the company’s reputation as a dependable partner in the global metals supply chain.
Key Operational Highlights
- Global Reach: Operations spanning North America and China with a vast network of service centers designed to efficiently distribute and process metals.
- Value-Added Processing: Extensive services including cutting, slitting, and custom fabrication that enhance the end usability of metal products.
- Customer Diversity: Serves a broad range of customers, from local fabricators to international OEMs, ensuring a diversified revenue base.
- Operational Efficiency: A strong focus on optimizing inventory and supply chain processes, underpinned by advanced ERP systems and modernized service centers.
Commitment to Quality and Reliability
Ryerson’s operational strategy is built on a foundation of quality, reliability, and technical proficiency. By continuously investing in modern technology and process improvements, the company ensures consistent product quality and exceptional service delivery. Its comprehensive approach to managing production, distribution, and value-added services makes it a well-regarded player in the global metals marketplace.
Understanding the Metals Industry
Operating within the cyclical and competitive metals industry, Ryerson is no stranger to challenges such as fluctuating commodity prices and varying industrial demand. Nonetheless, its strategic investments in technology, system integration, and operational optimization have enabled it to maintain resilience. The company’s detailed operational reports and investor communications further demonstrate its commitment to transparency and efficiency, ensuring stakeholders are well-informed about the intricacies of its business model.
Conclusion
In summary, Ryerson Holding Corp stands as an enduring and technically adept operator in the industrial metals arena. Its blend of traditional service center expertise with innovative value-added processing positions the company as a fundamental component of the global metals supply chain. Whether viewed from the perspective of operational performance or market positioning, Ryerson offers a comprehensive insight into the dynamics of industrial metals processing and distribution.
Ryerson Holding (NYSE: RYI), a leading value-added processor and distributor of industrial metals, has scheduled its first quarter 2025 earnings conference call for Thursday, May 1st, 2025, at 10:00 a.m. Eastern Time. The company will release its financial results for the period ended March 31, 2025, after market close on Wednesday, April 30th.
The earnings call will be accessible via phone at 888-394-8218 (U.S. & Canada) or 646-828-8193 (International) using conference ID 7573539. A live online broadcast will be available on the company's investor relations website, ir.ryerson.com, with a replay accessible for 90 days afterward.
Ryerson, founded in 1842, operates across the United States, Canada, Mexico, and China, employing approximately 4,200 people across more than 110 locations.
Ryerson Holding (NYSE: RYI) reported its Q4 and full-year 2024 results. The company generated Q4 revenue of $1.01 billion on 447,000 tons shipped, with an average selling price of $2,254 per ton. Q4 highlights include operating cash flow of $92.2 million and free cash flow of $68.9 million.
The company reported a Q4 net loss of $4.3 million, or $0.13 per diluted share, and Adjusted EBITDA excluding LIFO of $10.3 million. For full-year 2024, Ryerson generated net sales of $4.6 billion, down 10% from 2023, with a net loss of $8.6 million.
The company achieved its target of $60 million in annualized operating expense reduction and ended Q4 with debt of $468 million and net debt of $440 million. Looking ahead to Q1 2025, Ryerson expects customer shipments to increase 11-13% quarter-over-quarter, with net sales projected between $1.12-1.15 billion.
Ryerson Holding (NYSE: RYI), a leading value-added processor and distributor of industrial metals, has scheduled its fourth quarter and full-year 2024 earnings conference call for Friday, February 21st, 2025, at 10:00 a.m. Eastern Time. The company will release its financial results after market close on Thursday, February 20th.
The earnings call will be accessible via phone at 888-256-1007 (U.S. & Canada) or 929-477-0448 (International) using conference ID 6231309. A live webcast will be available on Ryerson's Investor Relations website, with a replay accessible for 90 days afterward.
Founded in 1842, Ryerson operates across the United States, Canada, Mexico, and China, employing approximately 4,200 people across more than 110 locations.
Ryerson Holding (NYSE: RYI) reported Q3 2024 results with revenue of $1.13 billion from 485,000 tons shipped. The company incurred a net loss of $6.6 million, or $0.20 per diluted share. Key highlights include $134.6 million in operating cash flow and $103.4 million in free cash flow. The company returned $42.0 million to shareholders through share repurchases ($36.0 million) and dividends ($6.0 million). Ryerson reduced inventory by $80.8 million and ended the quarter with debt of $522 million and net debt of $487 million.
Ryerson Holding (NYSE: RYI), a leading value-added processor and distributor of industrial metals, has announced its upcoming third quarter 2024 earnings call. The call is scheduled for Wednesday, October 30th at 10 a.m. Eastern Time. Ryerson will release its financial results for the period ended September 30, 2024, after market close on Tuesday, October 29th.
Investors can access the live online broadcast on Ryerson's Investor Relations website, ir.ryerson.com. For those unable to attend, an online replay will be available on the same website for 90 days following the call. The conference call dial-in numbers are 888-256-1007 (U.S. & Canada) and 929-477-0448 (International), with the conference ID 3996427.
Ryerson, founded in 1842, operates in the United States, Canada, Mexico, and China, employing around 4,400 people across over 110 locations.
Ryerson Holding (NYSE: RYI), a leading industrial metals processor and distributor, has acquired Production Metals, , a Connecticut-based distributor of aluminum, stainless, and specialty steels. This acquisition aims to strengthen Ryerson's value-added offerings in the Northeastern United States and across its network of service centers.
Production Metals serves the aerospace, defense, and semiconductor markets, offering bar, tube, sheet, and plate products along with precision sawing, lasering, and water jet cutting services. The company's reputation for service aligns with Ryerson's commitment to customer experience, while its precision cutting capabilities enhance Ryerson's value-added business.
Ryerson Holding (NYSE: RYI) reported Q2 2024 results with net income of $9.9 million and Adjusted EBITDA of $42.6 million. Key highlights include:
- Revenue of $1.23 billion from 508,000 tons shipped
- Diluted EPS of $0.29
- Reduced operating expenses by $17.8 million
- Returned $20.4 million to shareholders through share repurchases and dividends
- Increased share repurchase authorization by $50 million
- Announced Q3 2024 dividend of $0.1875 per share
The company faced challenges from a compressed pricing environment and declining industry demand but saw improvements in tons sold, reduced expenses, and inventory levels. Ryerson updated its annualized cost reduction expectations to $60 million from $40 million previously announced.
Ryerson Holding (NYSE: RYI) announced it will host a conference call to discuss its second quarter 2024 financial results on Wednesday, July 31, 2024, at 10 a.m. Eastern Time. The call will be available on the company's Investor Relations website, with an earnings report set to be released after market close on Tuesday, July 30, 2024. Participants can join via dial-in numbers provided for U.S. & Canada and international callers. An online replay will be available for 90 days post-call. Ryerson, a key player in processing and distributing industrial metals, operates in the U.S., Canada, Mexico, and China, employing approximately 4,400 individuals across 114 locations.
Ryerson Holding (NYSE: RYI) reported Q1 2024 results with $1.24 billion in revenue, net loss of $7.6 million, and adjusted EBITDA of $40.2 million. The company started operations at University Park, IL, completed ERP integration at 17 service centers, and announced $40 million in cost reductions. Debt increased to $497 million with net debt of $455 million. Liquidity improved to $684 million. Ryerson's outlook for Q2 2024 includes a 1-3% increase in customer shipments and net sales ranging from $1.25-$1.29 billion.
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