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RYZ — Ryerson Holding News Story

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Ryerson Q3 revenue misses estimates, net loss widens as tariffs bite

Corrects headline to remove reference to revenue

Overview

Ryerson Q3 revenue of $1.16 bln, in-line with analyst expectations

Company reports Q3 net loss of $14.8 mln, diluted loss per share $0.46

Adjusted EBITDA of $40.3 mln beats analyst estimates

Outlook

Ryerson did not provide specific future financial guidance in its press release

Result Drivers

SELF-HELP ACTIONS - Co executed self-help actions to achieve revenue within guidance despite weak demand and tariff pricing conditions

PRICE INCREASE - Average selling prices increased by 2.6% compared to the prior quarter

DEMAND AND TARIFFS - Weak demand and tariff pricing conditions impacted results

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 RevenueMeet$1.16 bln$1.16 bln (2 Analysts)
Q3 EPS-$0.46
Q3 Net Income-$14.80 mln
Q3 Adjusted EBITDABeat$40.3 mln$38.80 mln (2 Analysts)
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 $24.00, about 4.7% above its October 27 closing price of $22.87 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@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.)

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