Ryerson Holding Corp. Files Q3 2024 10-Q Report

TL;DR

Ryerson Holding Corp. filed its Q3 2024 10-Q. Check financials.

AI Summary

Ryerson Holding Corp. reported its third-quarter results for the period ending September 30, 2024. The company's filing details its financial performance and operational updates. Specific financial figures and operational metrics for the quarter are provided within the report.

Why It Matters

This 10-Q filing provides investors and analysts with the latest financial performance data for Ryerson Holding Corp., crucial for understanding the company's current health and future prospects.

Risk Assessment

Risk Level: medium — As a metals service center, Ryerson is subject to commodity price fluctuations and economic cycles, which can impact its financial performance.

Key Players & Entities

• Ryerson Holding Corp. (company) — Filer of the 10-Q report
• 20240930 (date) — End of the reporting period
• 20241029 (date) — Date of filing
• 227 W. MONROE ST., 27TH FLOOR (address) — Company's business and mail address
• CHICAGO (location) — City of company's address
• IL (location) — State of company's address
• 60606 (zip_code) — Zip code of company's address
• 312 292-5000 (phone_number) — Company's business phone number

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value, 100,000,000 shares authorize

Filing Documents

• ryi-20240930.htm (10-Q) — 2470KB
• ryi-ex31_1.htm (EX-31.1) — 14KB
• ryi-ex31_2.htm (EX-31.2) — 14KB
• ryi-ex32_1.htm (EX-32.1) — 5KB
• ryi-ex32_2.htm (EX-32.2) — 6KB
• img214347153_0.jpg (GRAPHIC) — 321KB
• 0000950170-24-118254.txt ( ) — 12512KB
• ryi-20240930.xsd (EX-101.SCH) — 1453KB
• ryi-20240930_htm.xml (XML) — 2722KB

Financial Information

Part I. Financial Information: Item 1.

Financial Statements

Financial Statements: Condensed Consolidated Statements of Comprehensive Income (Unaudited)—Three and Nine Months Ended September 30, 2024 and 2023 3 Condensed Consolidated Statements of Cash Flows (Unaudited)—Nine Months Ended September 30, 2024 and 2023 4 Condensed Consolidated Balance Sheets—September 30, 2024 (Unaudited) and December 31, 2023 5 Notes to Condensed Consolidated Financial Statements (Unaudited) 6 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 20 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 32 Item 4.

Controls and Procedures

Controls and Procedures 33

Other Information

Part II. Other Information: Item 1.

Legal Proceedings

Legal Proceedings 34 Item 1A.

Risk Factors

Risk Factors 34 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 34 Item 3. Defaults Upon Senior Securities 34 Item 4. Mine Safety Disclosures 34 Item 5. Other Information 34 Item 6. Exhibits 35 Signature 36 2

FINANC IAL INFORMATION

PART I. FINANC IAL INFORMATION

Financ ial Statements

Item 1. Financ ial Statements RYERSON HOLDING CORPORATION AND SUBSIDIARY COMPANIES Condensed Consolidated Statements o f Comprehensive Income (Unaudited) (In millions, except per share data) Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Net sales $ 1,126.6 $ 1,246.7 $ 3,591.3 $ 3,996.3 Cost of materials sold 924.6 997.4 2,948.2 3,221.9 Gross profit 202.0 249.3 643.1 774.4 Warehousing, delivery, selling, general, and administrative 196.9 193.0 612.7 589.8 Gain on insurance settlement ( 1.3 ) — ( 1.3 ) — Restructuring and other charges 1.1 — 2.8 — Operating profit 5.3 56.3 28.9 184.6 Other income and (expense), net ( 0.2 ) 1.2 1.4 0.8 Interest and other expense on debt ( 11.5 ) ( 9.3 ) ( 32.9 ) ( 25.2 ) Income (loss) before income taxes ( 6.4 ) 48.2 ( 2.6 ) 160.2 Provision (benefit) for income taxes ( 0.4 ) 12.9 0.5 39.8 Net income (loss) ( 6.0 ) 35.3 ( 3.1 ) 120.4 Less: Net income attributable to noncontrolling interest 0.6 0.3 1.2 0.5 Net income (loss) attributable to Ryerson Holding Corporation $ ( 6.6 ) $ 35.0 $ ( 4.3 ) $ 119.9 Comprehensive income (loss) $ ( 5.4 ) $ 31.2 $ ( 8.9 ) $ 118.4 Less: Comprehensive income attributable to noncontrolling interest 0.6 0.2 1.1 0.4 Comprehensive income (loss) attributable to Ryerson Holding Corporation $ ( 6.0 ) $ 31.0 $ ( 10.0 ) $ 118.0 Basic earnings (loss) per share $ ( 0.20 ) $ 1.02 $ ( 0.13 ) $ 3.40 Diluted earnings (loss) per share $ ( 0.20 ) $ 1.00 $ ( 0.13 ) $ 3.34 Dividends declared per share $ 0.1875 $ 0.1825 $ 0.5625 $ 0.5325 See Notes to Condensed Consolidated Financial Statements. 3 RYERSON HOLDING CORPORATION AND SUBSIDIARY COMPANIES Condensed Conso

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View this 10-Q filing on SEC EDGAR