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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