NYSE$RYZ
Ryerson Holding Corporation · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Ryerson reported a net loss for Q4 2022 and generated revenue of $1.3 billion.
Ryerson reported Q4 2022 results, including a revenue of $1.3 billion and a net loss attributable to Ryerson Holding Corporation of $24.1 million. The company generated operating cash flow of $181.6 million and reduced debt to $367 million. Despite a challenging quarter with margin compression, Ryerson expressed optimism for improved industry conditions moving into 2023.
- Generated full-year revenue of $6.3 billion and fourth quarter revenue of $1.3 billion.
- Record full-year Diluted EPS of $10.21 and fourth quarter loss per share of $0.65.
- Generated operating cash flow of $501.2 million for the full-year and $181.6 million in the fourth quarter.
- Reduced debt to $367 million and net debt to $328 million from $639 million and $588 million, respectively, compared to December 31, 2021.
Headline financials
Revenue & EPS history
Ryerson · Revenue · Quarterly
$1.29B
Revenue by segment
Ryerson · $1.27B total across 3 segments · Q4 2022
- Carbon Steel$684M-18.9%54.0%
- Stainless Steel$313M-23.1%24.7%
- Aluminum$269M+1.1%21.2%
Forward guidance
Ryerson anticipates first quarter net sales to be in the range of $1.37 billion to $1.43 billion, with pricing decreasing 1% to 3%, and shipment volumes increasing 10% to 12%. LIFO expense in the first quarter of 2023 is expected to be $5 million. We expect adjusted EBITDA, excluding LIFO in the range of $78 million to $82 million and earnings per diluted share in the range of $0.98 to $1.06.
Tailwinds
- Net sales to be in the range of $1.37 billion to $1.43 billion.
- Shipment volumes increasing 10% to 12%.
- Adjusted EBITDA, excluding LIFO in the range of $78 million to $82 million
- Earnings per diluted share in the range of $0.98 to $1.06
- Improving sequential margin and demand conditions
Headwinds
- Pricing decreasing 1% to 3%
- LIFO expense in the first quarter of 2023 is expected to be $5 million.
- Elevated levels of economic uncertainty engendered by inflation
- Macro-policy, and geo-political risks
- Normal holiday seasonal slowdown of our manufacturing customers
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2022
-1.6%
Avg return
Earnings day
-3.0%
Avg return
5 days after
+2.3%
Avg return
30 days after
40%
19 / 47 earnings
Positive
+35.2%
Q1 2015
Best reaction
-26.6%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.5% | -15.3% | -4.0% | |
| Q4 2025 | +17.5% | -6.7% | -20.7% | |
| Q3 2025 | -6.6% | -11.2% | -2.8% | |
| Q1 2025 | -14.8% | -9.6% | -11.2% | |
| Q4 2024 | +5.9% | +12.7% | -0.3% | |
| Q3 2024 | -2.7% | -5.0% | +12.7% | |
| Q2 2024 | -5.9% | -19.4% | -21.2% | |
| Q1 2024 | -19.4% | -25.7% | -24.8% | |
| Q4 2023 | -6.2% | +1.4% | +11.0% | |
| Q3 2023 | +6.6% | +6.3% | +11.9% | |
| Q2 2023 | -15.0% | -28.1% | -27.4% | |
| Q1 2023 | +1.9% | -8.7% | -10.0% | |
| Q4 2022 | -3.9% | -8.5% | -10.9% | |
| Q3 2022 | -26.6% | -21.4% | -8.7% | |
| Q2 2022 | -1.2% | -1.8% | +5.6% | |
| Q1 2022 | -11.6% | -14.7% | -19.4% | |
| Q4 2021 | -8.1% | +7.5% | +57.8% | |
| Q3 2021 | +1.8% | +9.6% | -9.8% | |
| Q2 2021 | +18.6% | +24.9% | +55.6% | |
| Q1 2021 | +3.9% | +2.3% | +0.8% | |
| Q4 2020 | -15.0% | -11.7% | +13.0% | |
| Q3 2020 | +12.1% | +13.9% | +56.8% | |
| Q2 2020 | +2.4% | -1.4% | -2.6% | |
| Q1 2020 | +2.5% | +1.8% | +45.8% | |
| Q4 2019 | +7.9% | -6.8% | -50.3% | |
| Q3 2019 | -3.8% | +1.6% | +20.1% | |
| Q2 2019 | -7.4% | -9.7% | -8.3% | |
| Q1 2019 | +13.3% | +25.0% | -10.8% | |
| Q4 2018 | -7.0% | +1.7% | +12.7% | |
| Q3 2018 | -6.4% | +1.1% | -10.8% | |
| Q2 2018 | -6.9% | +0.0% | -10.0% | |
| Q1 2018 | +11.7% | +17.9% | +29.6% | |
| Q4 2017 | -8.8% | -3.4% | -18.6% | |
| Q3 2017 | -0.6% | -0.6% | +2.8% | |
| Q2 2017 | -0.6% | -4.1% | +0.6% | |
| Q1 2017 | -20.9% | -25.5% | -34.2% | |
| Q4 2016 | +8.9% | +24.1% | +31.9% | |
| Q3 2016 | -14.9% | -9.5% | +46.8% | |
| Q2 2016 | -10.7% | -20.2% | -10.8% | |
| Q1 2016 | +8.4% | — | — | |
| Q4 2015 | -5.5% | — | — | |
| Q3 2015 | -5.4% | — | — | |
| Q2 2015 | +12.6% | — | — | |
| Q1 2015 | +35.2% | — | — | |
| Q4 2014 | +3.0% | — | — | |
| Q3 2014 | -16.9% | — | — | |
| Q4 2013 | -0.4% | — | — | |
| Q1 2014 | — | — | — | |
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| Q4 2012 | — | — | — | |
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| Q4 2011 | — | — | — | |
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| Q4 2010 | — | — | — | |
| Q3 2010 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2010 | — | — | — |
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