CORRECTED-Ryerson Q3 net loss widens as tariffs bite

Reuters10-29
CORRECTED-Ryerson Q3 net loss widens as tariffs bite

Corrects headline to remove reference to revenue

Overview

  • Ryerson Q3 revenue of $1.16 bln, in-line with analyst expectations

  • Company reports Q3 net loss of $14.8 mln, diluted loss per share $0.46

  • Adjusted EBITDA of $40.3 mln beats analyst estimates

Outlook

  • Ryerson did not provide specific future financial guidance in its press release

Result Drivers

  • SELF-HELP ACTIONS - Co executed self-help actions to achieve revenue within guidance despite weak demand and tariff pricing conditions

  • PRICE INCREASE - Average selling prices increased by 2.6% compared to the prior quarter

  • DEMAND AND TARIFFS - Weak demand and tariff pricing conditions impacted results

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Meet

$1.16 bln

$1.16 bln (2 Analysts)

Q3 EPS

-$0.46

Q3 Net Income

-$14.80 mln

Q3 Adjusted EBITDA

Beat

$40.3 mln

$38.80 mln (2 Analysts)

Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the iron & steel peer group is "buy."

  • Wall Street's median 12-month price target for Ryerson Holding Corp is $24.00, about 4.7% above its October 27 closing price of $22.87

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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