Ryerson swings to Q3 2026 net income of $32 million from year-earlier loss

Bitget2026/10/28 20:52

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Ryerson swung to third-quarter 2026 net income attributable to shareholders of $32 million from a year-earlier loss.
Revenue jumped 88% year-over-year to $2.18 billion, including $602.1 million from Olympic Steel.
Operating activities used $18.2 million in cash due to higher working capital requirements offsetting net income generation.
Merger synergies reached a $52 million annualized run rate, exceeding the $40 million first-year target ahead of schedule.
Fourth-quarter net income is forecast at $16 million to $20 million, with revenue of $1.96 billion to $2.04 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ryerson Holding Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-436183), on October 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Ryerson swings to Q3 2026 net income of $32 million from year-earlier loss

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