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Stock impact report

Ryerson Reports Second Quarter 2024 Results [Yahoo! Finance]

Ryerson Holding Corporation (RYI) 
Last ryerson holding corporation earnings: 3/4 04:50 pm Check Earnings Report
US:NYSE Investor Relations: ir.ryerson.com
Company Research Source: Yahoo! Finance
CHICAGO July 30, 2024 /PRNewswire/ -- Ryerson Holding Corporation (NYSE: RYI), a leading value-added processor and distributor of industrial metals, today reported results for the second quarter ended June 30, 2024 Highlights: Delivered Net Income attributable to Ryerson Holding Corporation of $9.9 million and Adjusted EBITDA , excluding LIFO of $42.6 million Earned diluted EPS of on $1.23 billion of revenue from 508,000 tons shipped and average selling price of per ton Reduced operating expenses by $17.8 million , compared to the first quarter of 2024, as part of previously announced cost reductions. Annualized cost reduction expectations updated to savings of approximately $60 million from previously announced $40 million Reduced inventory by $107.1 million on a FIFO cost basis , compared to the first quarter of 2024 Returned $20.4 million to shareholders during the quarter, comprised of $14.0 million in share repurchases and $6.4 million in dividends Ended the quarte Show less Read more
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