Ryerson Holding Corp
For the period ended Apr 30, 2024. Filed Apr 30, 2024.
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Apr 30, 2024 · Filed Apr 30, 2024
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Contents
EX-99.1 · Outlook Commentary
Outlook Commentary
For the second quarter of 2024, Ryerson expects customer shipments to increase 1% to 3%, quarter-over-quarter. The Company anticipates second quarter net sales to be in the range of $1.25 billion to $1.29 billion, with average selling prices increasing 0% to 1%. LIFO expense in the second quarter of 2024 is expected to be $1 million. We expect adjusted EBITDA, excluding LIFO in the range of $47 million to $53 million and earnings per diluted share in the range of $0.15 to $0.25.
| First Quarter 2024 Major Product Metrics | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales (millions) | |||||||||||
| Q1 2024 · Q4 2023 · Q1 2023 · Quarter-over-quarter · Year-over-year | |||||||||||
| Carbon Steel | $645 | $575 | $692 | 12.2% | (6.8)% | ||||||
| Aluminum | $276 | $241 | $310 | 14.5% | (11.0)% | ||||||
| Stainless Steel | $297 | $271 | $378 | 9.6% | (21.4)% | ||||||
| Tons Shipped (thousands) | |||||||||||
| Q1 2024 · Q4 2023 · Q1 2023 · Quarter-over-quarter · Year-over-year | |||||||||||
| Carbon Steel | 385 | 347 | 402 | 11.0% | (4.2)% | ||||||
| Aluminum | 50 | 48 | 52 | 4.2% | (3.8)% | ||||||
| Stainless Steel | 61 | 52 | 63 | 17.3% | (3.2)% | ||||||
| Average Selling Prices (per ton) | |||||||||||
| Q1 2024 · Q4 2023 · Q1 2023 · Quarter-over-quarter · Year-over-year | |||||||||||
| Carbon Steel | $ | 1,675 | $ | 1,657 | $ | 1,721 | 1.1% | (2.7)% | |||
| Aluminum | $ | 5,520 | $ | 5,021 | $ | 5,962 | 9.9% | (7.4)% | |||
| Stainless Steel | $ | 4,869 | $ | 5,212 | $ | 6,000 | (6.6)% | (18.9)% | |||
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