Ryerson Holding Corp
For the period ended Jul 30, 2024. Filed Jul 30, 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.
Jul 30, 2024 · Filed Jul 30, 2024
Use the contents to explore the available documents and sections.
Contents
EX-99.1 · Outlook Commentary
Outlook Commentary
For the third quarter of 2024, Ryerson expects customer shipments to decrease 2% to 4%, quarter-over-quarter. The Company anticipates third-quarter net sales to be in the range of $1.12 billion to $1.16 billion, with average selling prices decreasing 3% to 5%. LIFO income in the third quarter of 2024 is expected to be $12 million. We expect adjusted EBITDA, excluding LIFO in the range of $21 million to $25 million and earnings per diluted share in the range of $0.01 to $0.10.
| Second Quarter 2024 Major Product Metrics | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales (millions) | |||||||||||
| Q2 2024 · Q1 2024 · Q2 2023 · Quarter-over-quarter · Year-over-year | |||||||||||
| Carbon Steel | $656 | $645 | $683 | 1.7% | (4.0)% | ||||||
| Aluminum | $273 | $276 | $297 | (1.1)% | (8.1)% | ||||||
| Stainless Steel | $277 | $297 | $338 | (6.7)% | (18.0)% | ||||||
| Tons Shipped (thousands) | |||||||||||
| Q2 2024 · Q1 2024 · Q2 2023 · Quarter-over-quarter · Year-over-year | |||||||||||
| Carbon Steel | 395 | 385 | 384 | 2.6% | 2.9% | ||||||
| Aluminum | 52 | 50 | 51 | 4.0% | 2.0% | ||||||
| Stainless Steel | 58 | 61 | 59 | (4.9)% | (1.7)% | ||||||
| Average Selling Prices (per ton) | |||||||||||
| Q2 2024 · Q1 2024 · Q2 2023 · Quarter-over-quarter · Year-over-year | |||||||||||
| Carbon Steel | $ | 1,661 | $ | 1,675 | $ | 1,779 | (0.9)% | (6.6)% | |||
| Aluminum | $ | 5,250 | $ | 5,520 | $ | 5,824 | (4.9)% | (9.8)% | |||
| Stainless Steel | $ | 4,776 | $ | 4,869 | $ | 5,729 | (1.9)% | (16.6)% | |||
| First Half 2024 Major Product Metrics | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales (millions) | |||||||||||
| 2024 · 2023 · Year-over-year | |||||||||||
| Carbon Steel | $ | 1,301 | $ | 1,375 | (5.4)% | ||||||
| Aluminum | $ | 549 | $ | 607 | (9.6)% | ||||||
| Stainless Steel | $ | 574 | $ | 716 | (19.8)% | ||||||
| Tons Shipped (thousands) | |||||||||||
| 2024 · 2023 · Year-over-year | |||||||||||
| Carbon Steel | 780 | 786 | (0.8)% | ||||||||
| Aluminum | 102 | 103 | (1.0)% | ||||||||
| Stainless Steel | 119 | 122 | (2.5)% | ||||||||
| Average Selling Prices (per ton) | |||||||||||
| 2024 · 2023 · Year-over-year | |||||||||||
| Carbon Steel | $ | 1,668 | $ | 1,749 | (4.7)% | ||||||
| Aluminum | $ | 5,382 | $ | 5,893 | (8.7)% | ||||||
| Stainless Steel | $ | 4,824 | $ | 5,869 | (17.8)% | ||||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.