Ryerson Reports Third Quarter 2026 Results
Ryerson delivered a strong Q3 beat with revenue of $2.18 billion (up 87.5% YoY on the Olympic Steel merger) and Adjusted EBITDA excluding LIFO of $115 million, well above its $88-92 million guidance. Net income was $32.0 million, or $0.61 per diluted share, versus a $0.46 loss a year ago, and the company surpassed its $40 million first-year synergy run-rate target early, reaching $52 million annualized. Q4 guidance calls for net sales of $1.96-2.04 billion and Adjusted EBITDA excluding LIFO of $100-104 million, implying sequential revenue softness from fewer shipping days and holiday seasonality.
Key figures
- Eps
- 0.61
- Revenue
- 2177800000
- Guidance
- Q4 2026: net sales $1.96B-$2.04B; net income $16-20M ($0.30-$0.38 diluted EPS); Adjusted EBITDA excl. LIFO $100-104M including Olympic Steel $28-30M
- Revenue Yoy
- 87.5%
- Buyback
- $3.8M repurchased (~159,000 shares at $23.85 avg)
- Net debt
- 965600000
- Net income
- 32000000
- Tons shipped
- 814
- Synergy run rate
- $52M annualized vs. $40M first-year target
- Dividend per share
- 0.1875
- Same store revenue
- 1580000000
- Olympic steel revenue
- 602100000
- Net debt to ltm ebitda
- 3.2x
- Adjusted ebitda excl lifo
- 115000000
- Avg selling price per ton
- 2675
- Adjusted ebitda guidance beat
- exceeded guidance of $88-92M
- Olympic steel ebitda excl lifo
- 30200000
AI analysis
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