Ryerson Holding Corporation (NYSE:RYI) Q4 2025 Earnings Call Transcript
Ryerson Holding Corporation (NYSE:RYI) reported its Q4 2025 earnings, discussing the recent merger with Olympic Steel and its financial implications. Executive officers highlighted the goal of achieving $120 million in annual run-rate synergies over the next two years and emphasized an improved demand outlook for 2026. Despite a net loss in Q4 2025 due to rapidly increasing material costs, the company anticipates stronger performance and gross margin expansion in Q1 2026, driven by an improving manufacturing economy and the benefits of the merger.
Ryerson leans into Olympic merger as demand shows early green shoots
Ryerson Holding Corp. reported a net loss for Q4 and full-year 2025, but expressed optimism due to early signs of a manufacturing rebound and the integration of Olympic Steel. The merger creates North America's second-largest service center network, with Ryerson expecting $120 million in annual run-rate synergies. Despite rising mill input costs impacting Q4 results, executives note stronger quoting activity and anticipate a 13-15% rise in Q1 2026 same-store shipments.
Earnings call transcript: Ryerson Holding Q4 2025 misses EPS, stock rises 10.82%
Ryerson Holding Corporation reported a significant earnings miss for Q4 2025 with an EPS of -$1.01 against a forecast of -$0.20, leading to a 405% negative surprise. Despite this, the company's stock rose by 10.82% in after-hours trading, fueled by investor optimism regarding future prospects, strategic initiatives, and anticipated synergies from its merger with Olympic Steel. Ryerson provided optimistic guidance for Q1 2026, expecting increased shipments and revenues and projecting $120 million in annual run-rate synergies over the next two years from the merger.
Ryerson Holding Corp expects a comprehensive improvement in key financial indicators in the first quarter of 2026.
Ryerson Holding Corp anticipates significant improvements in its key financial indicators during the first quarter of 2026. The company expects a recovery in gross margin and enhanced operational efficiency, leading to higher operating profit growth. This positive outlook is attributed to cost optimization and improved operational effectiveness, suggesting stronger profitability and financial resilience for Ryerson by early 2026.
Ryerson Holding Corp (NYSE:RYI) Reports Q4 Earnings Miss Amidst Merger Completion
Ryerson Holding Corp (NYSE:RYI) announced its Q4 2025 financial results, reporting revenue within expectations but a significant earnings miss. The company's reported non-GAAP EPS was -$1.01, notably wider than the -$0.67 analyst estimate, leading to a negative market reaction and a nearly 20% stock decline over the past month. This comes amidst the successful merger with Olympic Steel and an extended credit facility, with investor focus now shifting to the combined entity's ability to meet 2026 analyst sales projections.
Ryerson: Fourth Quarter Financial Overview
Ryerson Holding Corp. reported a net loss of $37.9 million, or $1.18 per share, for the fourth quarter, with an adjusted loss of $1.01 per share post-non-recurring items. The company generated $1.1 billion in revenue during this period. For the full year, Ryerson recorded a total loss of $56.4 million, or $1.76 per share, on revenues of $4.57 billion, and projects first-quarter revenue to be between $1.26 billion and $1.3 billion.
Ryerson Holding Corp expects a comprehensive improvement in key financial indicators in the first quarter of 2026.
Ryerson Holding Corp anticipates significant financial improvements in the first quarter of 2026, driven by a recovery in gross margin and enhanced operational efficiency. The company expects increased operating profit growth through optimized cost structures and effective internal management. This outlook suggests stronger profitability and financial resilience as the market stabilizes.
Ryerson Holding Corp (RYI) Misses Q4 2025 Earnings Estimates — EPS $-0.46 vs $0.10 Expected
Ryerson Holding Corp (RYI) reported a significant miss on its Q4 2025 earnings, with an EPS of $-0.46 against an estimated $0.10, representing a 560.0% shortfall. Despite revenue reaching $4.5 billion for the quarter, shares dropped 5.5% in after-hours trading to $23.29 following the announcement. A full detailed analysis is expected to follow on AlphaStreet.
Ryerson: Q4 Earnings Snapshot
Ryerson Holding Corp. (RYI) reported a loss of $37.9 million, or $1.18 per share, in its fourth quarter. Adjusted losses were $1.01 per share, while revenue reached $1.1 billion for the period. For the full year, the company had a loss of $56.4 million on revenues of $4.57 billion, and it projects current quarter revenue between $1.26 billion and $1.3 billion.
A Look at Ryerson Holding's Upcoming Earnings Report
Ryerson Holding (NYSE: RYI) is scheduled to release its quarterly earnings report on Thursday, February 19, 2026. Analysts predict an EPS of $-0.49 for the quarter. Investors will be looking for the company to surpass this estimate and provide positive guidance for future growth, as guidance often impacts stock prices more than past performance.
Ryerson and Olympic Steel finalize historic merger
Ryerson Holding Corp. and Olympic Steel Inc. have completed their merger, strengthening Ryerson's position as the second-largest service center in North America. Olympic Steel shareholders now own approximately 37% of Ryerson, and Olympic's stock (ZEUS) has been delisted. The combined company anticipates generating about $120 million in annual synergies by early 2028 through various operational improvements.
RYERSON HOLDING CORP - MERGER SET TO CLOSE ON FEBRUARY 13, 2026
Ryerson Holding Corp's merger with Olympic Steel is scheduled to close on February 13, 2026, a key step following shareholder approval. Post-merger, Olympic Steel shareholders will receive 1.7105 shares of Ryerson common stock for each Olympic Steel share, and Olympic Steel's shares will cease trading. This consolidation aims to enhance Ryerson's market position, generate $120 million in annual synergies by 2028, and improve shareholder value.
Ryerson Signs Credit Agreement Amendment With Bank of America
Ryerson has entered into Amendment No. 7 of its asset-based revolving credit facility, extending its maturity to five years and increasing total commitments from $1.3 billion to $1.8 billion. Bank of America serves as the administrative agent for this amended facility. This move aims to support the company's post-merger operations, enhance liquidity, and provide greater financial flexibility, potentially allowing Ryerson to refinance Olympic's existing credit facility.
Ryerson and Olympic Steel Merger Approved by Shareholders
Shareholders of Ryerson Holding Corporation and Olympic Steel have approved their merger agreement, with the closing expected on February 13, 2026. Olympic Steel shareholders will receive 1.7105 shares of Ryerson common stock for each of their shares, and Olympic Steel shares will cease trading after the merger. This strategic move aims to consolidate market share within the industrial metals sector, enhance shareholder value for Ryerson, and achieve operational synergies.
Olympic Steel holders set to get 1.7105 Ryerson shares per share
Shareholders of Ryerson Holding Corporation (RYI) and Olympic Steel (ZEUS) have approved their merger, which is expected to close on February 13, 2026. Under the agreement, Olympic Steel shareholders will receive 1.7105 shares of Ryerson common stock for each Olympic Steel share, after which Olympic Steel shares will cease trading and be delisted from NASDAQ. This approval follows previous announcements and detailed filings, with the market responding positively to such strategic moves.
Ryerson Issues Supplemental Disclosures Amid Olympic Merger Challenges
Ryerson Holdings and Olympic Steel are proceeding with their October 2025 merger despite shareholder challenges regarding disclosure adequacy. Both companies have voluntarily issued supplemental financial and valuation disclosures to mitigate litigation risks and prevent delays, while maintaining that the original filings were sufficient. Ryerson's stock (RYI) currently holds a "Neutral" rating from TipRanks' AI Analyst Spark, citing weak financial performance offset by technical support and merger synergies.
Ryerson to Host Earnings Call on Friday, February 20th to Discuss Fourth Quarter and Full-Year 2025 Results
Ryerson Holding Corporation (NYSE: RYI) announced it will host an earnings call on Friday, February 20, 2026, at 10 a.m. Eastern Time, to discuss its financial results for the fourth quarter and full-year 2025. The company will report earnings on Thursday, February 19, and file its annual report on Monday, February 23. A live online broadcast will be available on Ryerson's Investor Relations website, with an online replay accessible for 90 days.
Ryerson to review Q4 and full-year 2025 in Feb. 20 earnings call
Ryerson Holding Corporation (NYSE: RYI) announced it will host an earnings call on Friday, February 20, 2026, at 10:00 a.m. ET to discuss its fourth-quarter and full-year 2025 financial results. The company will release its results after market close on Thursday, February 19, and file its Form 10-K before market open on Monday, February 23. A live online broadcast will be available on Ryerson's Investor Relations website, with a replay available for 90 days.
Insider Sell: Edward Lehner Sells 60,001 Shares of Ryerson Holdi
Edward Lehner, President & CEO of Ryerson Holding Corp, sold 60,001 shares of the company on January 22, 2026, reducing his total holdings to 593,228.4833 shares. This transaction is part of a trend over the past year where Lehner has sold a total of 70,001 shares without any purchases. The stock, trading at $30.06, is considered modestly overvalued with a price-to-GF-Value ratio of 1.19 against a GF Value of $25.21.
Alcoa vs. Ryerson: Which Aluminum Stock Should You Bet On?
This article compares Alcoa (AA) and Ryerson (RYI), two major players in the aluminum sector, to determine which offers a better investment opportunity. Alcoa is highlighted for its strong aluminum segment performance, increased production, and strategic acquisitions, supported by favorable tariffs and an attractive valuation. Ryerson, while benefiting from its aluminum product line, faces challenges from weakness in other industrial metals, high debt, and a more expensive valuation, leading the analysis to conclude Alcoa is the more favorable investment.
Ryerson (NYSE:RYI) Hits New 52-Week High - What's Next?
Ryerson (NYSE:RYI) recently reached a new 52-week high of $28.96 despite having an average analyst rating of "Reduce" and facing continued profitability pressures, evidenced by a quarterly loss of ($0.46) EPS and negative PE. The company, a North American metals distributor, declared a quarterly dividend of $0.1875, yielding 2.6%, and is heavily owned by institutional investors. Hedge funds have also continued to adjust their positions in RYI shares.
Olympic Steel Sets February 12 Vote on All-Stock Acquisition by Ryerson
Olympic Steel (ZEUS) has scheduled a shareholder vote for February 12, 2026, on its all-stock acquisition by Ryerson (RYI). The merger agreement, signed on October 28, 2025, will convert each Olympic Steel share into 1.7105 Ryerson shares, making Olympic Steel a wholly owned subsidiary of Ryerson. Both companies' boards unanimously recommend the transaction, which aims to consolidate the North American metals service center industry.
$HAREHOLDER ALERT: The M&A Class Action Firm Is Investigating The Merger--SEE, ALEX, RYI, and ZEUS
Monteverde & Associates PC, an M&A class action firm, is investigating the proposed mergers involving Sealed Air Corp. (SEE), Alexander & Baldwin, Inc. (ALEX), Ryerson Holding Corporation (RYI), and Olympic Steel, Inc. (ZEUS). The firm, led by attorney Juan Monteverde, specializes in recovering funds for shareholders and encourages concerned shareholders to seek additional information at no cost.
Ryerson Holding Corporation's (NYSE:RYI) Prospects Need A Boost To Lift Shares
Ryerson Holding Corporation (NYSE:RYI) has a low price-to-sales (P/S) ratio of 0.2x, significantly lower than the industry average for Metals and Mining companies, which suggests investors are concerned about its future prospects. This low valuation is understandable given that the company's revenue has declined by 4.9% in the last year and 32% over the last three years, and its estimated future revenue growth of 7.7% is below the industry's projected 22% growth. The article concludes that a change in fortune is needed for the P/S ratio to improve.
Fisher Asset Management LLC Sells 51,394 Shares of Ryerson Holding Corporation $RYI
Fisher Asset Management LLC reduced its stake in Ryerson Holding Corporation (NYSE:RYI) by 49.9%, selling 51,394 shares and now owning 51,673 shares valued at $1.12 million. The company reported a quarterly loss of ($0.46) EPS, issued cautious Q4 2025 guidance, and maintains a "Reduce" consensus rating with a $25 price target from analysts despite declaring a quarterly dividend.
Donald Smith & CO. Inc. Makes New $2.40 Million Investment in Ryerson Holding Corporation $RYI
Donald Smith & CO. Inc. acquired a new stake of 111,400 shares, valued at approximately $2.403 million, in Ryerson Holding Corporation (NYSE:RYI) during the second quarter. Despite this new investment, analyst sentiment toward Ryerson is weak, with a consensus "Reduce" rating and an average price target of $25.00, alongside a recent "sell" reiteration from Weiss Ratings. The company recently reported a quarterly EPS loss, missed estimates, provided negative Q4 guidance, and announced a dividend despite a negative payout ratio.
KeyBanc to Host Virtual Meeting for RYI Investors on December 8
KeyBanc Capital Markets will host a virtual meeting on December 8 for investors interested in Ryerson Holding Corp (RYI), a prominent metals service center and distributor. While RYI faces challenges in profitability and growth, it maintains a significant market presence. The meeting aims to provide insights into RYI's strategies and market positioning, helping investors make informed decisions despite mixed financial performance and high leverage.
LSV Asset Management Has $2.92 Million Stake in Ryerson Holding Corporation $RYI
LSV Asset Management increased its stake in Ryerson Holding Corporation by 11.7% to 135,170 shares, valued at $2.92 million. Despite this, Ryerson recently missed earnings expectations, provided weak Q4 2025 guidance, and received a "Sell" rating from Weiss Ratings. The company declared a quarterly dividend of $0.1875, reflecting an annualized yield of 3.7%, despite a negative payout ratio.
Ryerson to buy Olympic Steel, creating second-largest U.S. metals service center (RYI:NYSE)
Ryerson Holding and Olympic Steel announced a merger deal that is expected to create the second-largest North American metals service center. This acquisition aims to enhance the combined companies' market presence and is projected to generate approximately $120 million in synergies. Following the announcement, Olympic Steel's stock rose significantly, while Ryerson's saw a decline.
RYI Stock Alert: Halper Sadeh LLC is Investigating Whether the Merger of Ryerson Holding Corporation is Fair to Shareholders
Halper Sadeh LLC is investigating whether the merger of Ryerson Holding Corporation (NYSE: RYI) and Olympic Steel, Inc. is fair to Ryerson shareholders. The firm is examining if Ryerson's board failed to secure the best possible consideration for shareholders and disclose all material information. Halper Sadeh LLC encourages affected shareholders to contact them to learn about their legal rights and options.
The Ryerson-Olympic merger: Implications for metal fabrication
The merger of Ryerson and Olympic Steel is set to create the nation's second-largest service center, intensifying consolidation in the metal fabrication industry. This move raises questions for fabricators about increased competition, particularly concerning "value-added processing" services. The article explores how this consolidation might impact metal fabricators and suggests that specialization in niche services could be a key strategy for smaller players to remain competitive.
Ryerson, Olympic bet big on merger as steel slump enters third year
Ryerson Holding Corp. and Olympic Steel are merging to create the second-largest metals service center in North America, with over $6.5 billion in annual revenue. The all-stock deal aims to achieve scale, efficiency, and long-term growth despite an ongoing three-year slump in the steel industry. This strategic move will combine complementary product portfolios and geographic footprints, with projected synergies of $120 million over two years.
Ryerson Holding (NYSE:RYI) Is Due To Pay A Dividend Of $0.1875
Ryerson Holding (NYSE:RYI) has announced a dividend of $0.1875 per share, resulting in a 3.4% yield. However, the sustainability of this dividend is questionable as the company is unprofitable and pays out 196% of its free cash flow, with recent earnings per share declining by 16.8%. The dividend's growth history is short, making it difficult to assess its resilience through various economic cycles, and a continued decline in earnings could further constrain future payments.
Ryerson and Olympic Steel to merge in $792M deal, creating metals service center giant
Ryerson is set to acquire Olympic Steel in a $792 million merger, creating a metals service center giant with an expansive North American network of over 160 facilities. Olympic Steel CEO Rick Marabito highlighted that the deal would provide new breadth and depth of products, enhance processing services, and improve customized metal solutions for customers. The merger aims to increase efficiency and speed within the metals industry.
Ryerson, Olympic Steel to Merge
Metals processor and distributor Ryerson and metals service center Olympic Steel announced plans to merge, forming what would be North America's second-largest metals service center, valued at $6.5 billion. Olympic shareholders will own approximately 37% of the combined company, which will be led by Ryerson President and CEO Eddie Lehner. The merger aims to leverage Ryerson's digital investments and Olympic's capabilities, with an expected closure in early 2026.
What To Expect From Ryerson Holding Corp (RYI) Q3 2025 Earnings
Ryerson Holding Corp (NYSE:RYI) is expected to announce Q3 2025 earnings on October 29, 2025, with revenue projected at $1.16 billion and earnings at $0.02 per share. Analyst price targets and GuruFocus estimates suggest potential upside, while brokerage firms currently recommend a "Hold" status for the stock.
M&A blockbuster as Ryerson, Olympic Steel announce merger
Ryerson Holding Corp. and Olympic Steel Corp. have announced a merger expected to close in Q1’26, creating a combined entity projected to generate approximately $120 million in annual synergies by the end of year two. Ryerson's President and CEO, Eddie Lehner, will lead the new company, with Olympic Steel's CEO, Richard Marabito, becoming president and COO. Olympic shareholders will receive 1.7105 Ryerson shares for each of their shares, owning roughly 37% of the combined firm.
Private equity firm puts Contractors Steel's assets up for bid
The assets of Midwestern service center Contractors Steel, acquired by UPG Enterprises in 2018, are being auctioned off this week across four facilities, leading to the layoff of over 300 employees. UPG has been reducing Contractors Steel's operations, including selling a subsidiary and filing WARN notices for plant closures in Michigan. The auction is being conducted by B. Riley Wholesale and Industrial Auctions LLC.
Ryerson Acquires Production Metals
Ryerson Holding Corporation has acquired Production Metals LLC, a distributor of aluminum, stainless, and specialty steels based in Monroe, Connecticut. This acquisition strengthens Ryerson's value-added offerings in the Northeastern United States and expands its capabilities, particularly in precision cutting and service for the aerospace, defense, and semiconductor markets. Production Metals' CEO, Craig Yarde, noted the addition brings expertise in globally sourced metal products to the Ryerson family.
Global metal distributor buys Fresno-based Excelsior, Inc.
Global metal distributor Ryerson Holding Corp. has acquired Fresno-based Excelsior, Inc., a specialist in metal fabrication and machining. This acquisition strengthens Ryerson's network in the Western U.S., expanding its processing solutions for customers. Excelsior will continue its legacy as part of the Ryerson Family of Companies, offering a range of manufacturing services.
Ryerson Acquires Howard Precision Metals
Ryerson Holding Corporation has announced the acquisition of Howard Precision Metals Inc., a major aluminum distributor based in Milwaukee. The acquisition is expected to create synergies due to Howard's specialized aluminum processing capabilities complementing Ryerson's existing non-ferrous operations. Both companies expressed enthusiasm for the growth opportunities and continued commitment to customer service resulting from this merger.
Chicago metals distributor Ryerson breaks ground on HQ for Central Steel & Wire subsidiary
Ryerson Holding Corp. has broken ground on a new 900,000-square-foot service center facility and headquarters in University Park for its Central Steel & Wire subsidiary. This new facility is expected to employ 300 people. This development marks a significant expansion for the Chicago-based metals distributor.
Behind Joseph T. Ryerson & Son's $2 million investment in Lancaster
Joseph T. Ryerson & Son is investing over $2 million into its Lancaster facility. This expansion is driven by the plant's access to core customers and a skilled talent pool in Western New York. Ryerson is a global metals processing and distributor.
Ryerson Enters Into Definitive Agreement to Acquire Central Steel & Wire Company
Ryerson Holding Corporation announced a definitive agreement to acquire Central Steel & Wire Company, a metal service center with six locations in the Central and Eastern U.S. The transaction values Central Steel & Wire at $140 million and is expected to close in the third quarter of 2018. This acquisition aims to expand Ryerson's product offerings and processing capabilities, leveraging Central Steel & Wire's century-long brand history.
Ryerson acquires Guy Metals
Ryerson Holding Corp., a Chicago-based distributor and value-added processor of industrial metals, has acquired Guy Metals Inc. Guy Metals is a privately owned metal service center located in Hammond, Wis., specializing in processing stainless and nickel-alloy products for various applications and employing 70 people.
