Ryerson Holding Corp
For the period ended Oct 28, 2026. Filed Oct 28, 2026.
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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.
Oct 28, 2026 · Filed Oct 28, 2026
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Contents
EX-99.1 · Outlook Commentary
Outlook Commentary
In the fourth quarter of 2026, the Company expects that shipments will decline sequentially by 6% to 8% from third quarter levels, reflecting three fewer business days and holiday-related seasonal softness. Average selling prices are expected to be flat to up by 2% quarter-over-quarter as higher carbon pricing is expected to slightly offset relative softening in stainless and aluminum pricing. Net sales are therefore expected to be in the range of $1.96 billion to $2.04 billion. Net income generation for the fourth quarter of 2026 is expected to be in the range of $16 to $20 million, or $0.30 to $0.38 per diluted share, with LIFO expense between $28 and $32 million. Fourth quarter Adjusted EBITDA, excluding LIFO is expected to be in the range of $100 to $104 million, inclusive of Olympic Steel's expected contribution of $28 to $30 million.
| Same-store Key Financial Metrics Reconciliation | |||
|---|---|---|---|
| Ryerson | |||
| Olympic Steel | Ryerson | Holding | |
| Period from | same-store | Corporation | |
| (Dollars in millions, tons in thousands) · 2/13/26 - 9/30/26 · Nine months ended September 30, 2026 | |||
| Tons shipped | 653 | 1,621 | 2,274 |
| Net sales | $1,439.0 | $4,311.5 | $5,750.5 |
| Gross margin, excluding LIFO expense | 18.4% | 18.8% | 18.7% |
| Warehousing, delivery, selling, general & administrative expenses | $246.3 | $665.9 | $912.2 |
| Expense % of sales | 17.1% | 15.4% | 15.9% |
| Adjusted EBITDA, excluding LIFO expense | $66.2 | $217.2 | $283.4 |
| Adjusted EBITDA, excluding LIFO expense % of sales | 4.6% | 5.0% | 4.9% |
| Third Quarter 2026 Major Product Metrics | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales (millions) | ||||||||||||||||||
| Q3 2026 · Q2 2026 · Q3 2025 · Quarter-over-quarter · Year-over-year | ||||||||||||||||||
| Carbon Steel | $ | 1,220 | $ | 1,094 | $584 | 11.5% | 108.9% | |||||||||||
| Aluminum | $453 | $434 | $287 | 4.4% | 57.8% | |||||||||||||
| Stainless Steel | $453 | $444 | $271 | 2.0% | 67.2% | |||||||||||||
| Tons Shipped (thousands) | ||||||||||||||||||
| Q3 2026 · Q2 2026 · Q3 2025 · Quarter-over-quarter · Year-over-year | ||||||||||||||||||
| Carbon Steel | 663 | 653 | 381 | 1.5% | 74.0% | |||||||||||||
| Aluminum | 55 | 55 | 45 | - | 22.2% | |||||||||||||
| Stainless Steel | 87 | 87 | 57 | - | 52.6% | |||||||||||||
| Average Selling Prices (per ton) | ||||||||||||||||||
| Q3 2026 · Q2 2026 · Q3 2025 · Quarter-over-quarter · Year-over-year | ||||||||||||||||||
| Carbon Steel | $ | 1,840 | $ | 1,675 | $ | 1,533 | 9.8% | 20.0% | ||||||||||
| Aluminum | $ | 8,236 | $ | 7,891 | $ | 6,378 | 4.4% | 29.1% | ||||||||||
| Stainless Steel | $ | 5,207 | $ | 5,103 | $ | 4,754 | 2.0% | 9.5% | ||||||||||
| Year to Date 2026 Major Product Metrics | ||||||||||||||||||
| Net Sales (millions) | ||||||||||||||||||
| YTD 2026 · YTD 2025 · Year-over-year | ||||||||||||||||||
| Carbon Steel | $ | 3,107 | $ | 1,725 | 80.1% | |||||||||||||
| Aluminum | $ | 1,237 | $868 | 42.5% | ||||||||||||||
| Stainless Steel | $ | 1,273 | $823 | 54.7% | ||||||||||||||
| Tons Shipped (thousands) | ||||||||||||||||||
| YTD 2026 · YTD 2025 · Year-over-year | ||||||||||||||||||
| Carbon Steel | 1,837 | 1,161 | 58.2% | |||||||||||||||
| Aluminum | 158 | 143 | 10.5% | |||||||||||||||
| Stainless Steel | 251 | 178 | 41.0% | |||||||||||||||
| Average Selling Prices (per ton) | ||||||||||||||||||
| YTD 2026 · YTD 2025 · Year-over-year | ||||||||||||||||||
| Carbon Steel | $ | 1,691 | $ | 1,486 | 13.8% | |||||||||||||
| Aluminum | $ | 7,829 | $ | 6,070 | 29.0% | |||||||||||||
| Stainless Steel | $ | 5,072 | $ | 4,624 | 9.7% | |||||||||||||
Note: product table excludes "other" products, which represent approximately 3% of sales
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.