Ryerson Holding Corp
For the period ended Feb 21, 2024. Filed Feb 21, 2024.
View on SEC.govAbout this filing
A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Feb 21, 2024 · Filed Feb 21, 2024
Use the contents to explore the available documents and sections.
Contents
EX-99.1 · Outlook Commentary
Outlook Commentary
For the first quarter of 2024, Ryerson expects normal seasonal demand conditions, with customer shipments expected to increase approximately 8% to 10%, quarter-over-quarter. The Company anticipates first-quarter revenue to be in the range of $1.21 to $1.25 billion, with average selling prices increasing 1% to 3%. LIFO income in the first quarter of 2024 is expected to be zero. We expect Adjusted EBITDA, excluding LIFO in the range of $58 million to $62 million and earnings per diluted share in the range of $0.24 to $0.34.
| Fourth Quarter 2023 Major Product Metrics | |||||
|---|---|---|---|---|---|
| Net Sales (millions) | |||||
| Q4 2023 | Q3 2023 | Q4 2022 | Quarter-over-quarter | Year-over-year | |
| Carbon Steel | $575 | $647 | $684 | (11.1)% | (15.9)% |
| Aluminum | $241 | $273 | $269 | (11.7)% | (10.4)% |
| Stainless Steel | $271 | $304 | $313 | (10.9)% | (13.4)% |
| Tons Shipped (thousands) | |||||
| Q4 2023 | Q3 2023 | Q4 2022 | Quarter-over-quarter | Year-over-year | |
| Carbon Steel | 347 | 371 | 365 | (6.5)% | (4.9)% |
| Aluminum | 48 | 49 | 45 | (2.0)% | 6.7% |
| Stainless Steel | 52 | 55 | 52 | (5.5)% | — |
| Average Selling Prices (per ton) | |||||
| Q4 2023 | Q3 2023 | Q4 2022 | Quarter-over-quarter | Year-over-year | |
| Carbon Steel | $1,657 | $1,744 | $1,874 | (5.0)% | (11.6)% |
| Aluminum | $5,021 | $5,571 | $5,978 | (9.9)% | (16.0)% |
| Stainless Steel | $5,212 | $5,527 | $6,019 | (5.7)% | (13.4)% |
| Full Year 2023 Major Product Metrics | |||
|---|---|---|---|
| Net Sales (millions) | |||
| 2023 | 2022 | Year-over-year | |
| Carbon Steel | $2,597 | $3,371 | (23.0)% |
| Aluminum | $1,121 | $1,235 | (9.2)% |
| Stainless Steel | $1,291 | $1,625 | (20.6)% |
| Tons Shipped (thousands) | |||
| 2023 | 2022 | Year-over-year | |
| Carbon Steel | 1,504 | 1,583 | (5.0)% |
| Aluminum | 200 | 195 | 2.6% |
| Stainless Steel | 229 | 242 | (5.4)% |
| Average Selling Prices (per ton) | |||
| 2023 | 2022 | Year-over-year | |
| Carbon Steel | $1,727 | $2,130 | (18.9)% |
| Aluminum | $5,605 | $6,333 | (11.5)% |
| Stainless Steel | $5,638 | $6,715 | (16.0)% |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.