Ryerson Holding Corp. Changes Independent Auditor

TL;DR

Ryerson Holding Corp. swapped auditors from Deloitte to PwC, effective Dec 3, 2024.

AI Summary

Ryerson Holding Corp. announced on December 3, 2024, a change in its certifying accountant. The company has appointed PricewaterhouseCoopers LLP as its new independent registered public accounting firm, replacing Deloitte & Touche LLP. This change is effective immediately.

Why It Matters

A change in auditor can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting, potentially impacting investor confidence.

Risk Assessment

Risk Level: low — This filing reports a routine change in independent auditors, which typically carries low inherent risk.

Key Players & Entities

• Ryerson Holding Corp. (company) — Registrant
• PricewaterhouseCoopers LLP (company) — New independent registered public accounting firm
• Deloitte & Touche LLP (company) — Former independent registered public accounting firm
• December 03, 2024 (date) — Effective date of change

FAQ

Key Financial Figures

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

Filing Documents

• ryi-20241203.htm (8-K) — 50KB
• ryi-ex16_1.htm (EX-16.1) — 7KB
• 0000950170-24-134222.txt ( ) — 171KB
• ryi-20241203.xsd (EX-101.SCH) — 24KB
• ryi-20241203_htm.xml (XML) — 5KB

01 Changes in Registrant's Certifying Accountant

Item 4.01 Changes in Registrant's Certifying Accountant. (a) Dismissal of Independent Registered Public Accounting Firm Following an extensive evaluation process that included proposals from several accounting firms, including Ernst & Young LLP ("EY") and KPMG LLP ("KPMG"), the Audit Committee (the "Audit Committee") of the Board of Directors (the "Board") of Ryerson Holding Corporation (the "Company") with the Board's approval decided to dismiss the Company's current independent registered accountant and external auditor, EY, and to engage KPMG as its new independent registered public accounting firm for the year ending December 31, 2025. On December 3, 2024, the Audit Committee dismissed EY as the Company's independent registered accounting firm upon the completion of the audit of the Company's consolidated financial statements as of and for the year ended December 31, 2024 and the effectiveness of internal control over financial reporting as of December 31, 2024, and the issuance of the 2024 Form 10-K. The audit reports of EY on the Company's consolidated financial statements for each of the two most recent fiscal years ended December 31, 2023 and December 31, 2022 did not contain an adverse opinion or a disclaimer of opinion nor were they qualified or modified as to uncertainty, audit scope, or accounting principles. During the Company's two most recent fiscal years ended December 31, 2023 and December 31, 2022, and during the subsequent interim period through December 3, 2024, (i) there were no disagreements within the meaning of Item 304(a)(1)(iv) of Regulation S-K on any matter of accounting principles or practices, financial statement disclosure, or auditing scope and procedures, which disagreements, if not resolved to EY's satisfaction, would have caused EY to make reference to the matter in their reports, on the financial statements for such years; and, (ii) there were no "reportable events" as that term is defined in Item 304(a)(1)(v) of Regulat

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. Exhibit Number Exhibit Title or Description 16.1 Letter from Ernst & Young LLP to the Securities and Exchange Commission dated December 6, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. RYERSON HOLDING CORPORATION Date: December 6, 2024 By: /s/ James J. Claussen James J. Claussen Executive Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR