Overview
U.S. industrial metals distributor's Q1 revenue rose 38% yr/yr
Adjusted EBITDA more than doubled yr/yr
Company authorized an additional $100 mln in share repurchases
Outlook
Ryerson targets $120 mln in annual run-rate synergies by early 2028 from Olympic Steel integration
Result Drivers
OLYMPIC STEEL MERGER - Merger with Olympic Steel drove a 31.2% increase in tons shipped and contributed to revenue growth
HIGHER SELLING PRICES - Average selling prices rose 5.2% yr/yr and 8.9% on a same-store basis
MARGIN EXPANSION - Gross margin increased to 18.4% from 18.0% yr/yr and 15.3% in Q4 2025
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$1.57 bln
$1.70 bln (2 Analysts)
Q1 EPS
$0.10
Q1 Net Income
$4.5 mln
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the iron & steel peer group is "buy."
Wall Street's median 12-month price target for Ryerson Holding Corp is $31.00, about 11.1% above its May 5 closing price of $27.90
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 22 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
