NYSE$RYZ
Ryerson Holding Corporation · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Ryerson reported its fourth quarter and full-year 2024 financial results, with revenue of $1.01 billion and a net loss of $4.3 million for the quarter.
Ryerson Holding Corporation reported a fourth-quarter 2024 revenue of $1.01 billion, a decrease of 10.6% sequentially and 9.4% year-over-year. The company incurred a net loss of $4.3 million, or $0.13 per diluted share, and generated $92.2 million in operating cash flow. For the full year 2024, revenue was $4.6 billion with a net loss of $8.6 million.
- Fourth quarter revenue was $1.01 billion on 447,000 tons shipped, with an average selling price of $2,254 per ton.
- Net loss attributable to Ryerson Holding Corporation was $4.3 million, or $0.13 per diluted share, with Adjusted EBITDA, excluding LIFO, at $10.3 million.
- Generated $92.2 million in operating cash flow and $68.9 million in free cash flow for the fourth quarter, contributing to full-year operating cash flow of $204.9 million and free cash flow of $107.4 million.
- Ended the quarter with total debt of $468 million and net debt of $440 million, a sequential decrease from the prior quarter.
Headline financials
Revenue & EPS history
Ryerson · Revenue · Quarterly
$1.01B
Revenue by segment
Ryerson · $1.22B total across 3 segments · Q3 2023
- Carbon Steel$647M—52.9%
- Stainless Steel$304M—24.8%
- Aluminum$273M—22.3%
Forward guidance
For the first quarter of 2025, Ryerson expects customer shipments to increase 11% to 13% quarter-over-quarter, with net sales projected to be in the range of $1.12 billion to $1.15 billion. Average selling prices are expected to increase 0% to 2%. Adjusted EBITDA, excluding LIFO, is anticipated to be between $28 million and $32 million, with a diluted loss per share in the range of $0.27 to $0.20.
Tailwinds
- Customer shipments are expected to increase 11% to 13% quarter-over-quarter due to seasonality, improved company-driven transactional activity, and restocking.
- Net sales are projected to be in the range of $1.12 billion to $1.15 billion.
- Average selling prices are expected to increase 0% to 2%.
- Adjusted EBITDA, excluding LIFO, is anticipated to be between $28 million and $32 million.
- Quoting and order trends have improved notably since mid-January.
Headwinds
- LIFO expense in the first quarter of 2025 is expected to be between $6 million to $8 million.
- Diluted loss per share is projected to be in the range of $0.27 to $0.20.
- The outlook includes lagging price margin resets.
- The year started slow due to an unusually slow holiday season and weather disruptions.
- The company will continue to navigate a challenging macro-metals and manufacturing environment.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2024
-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 |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| 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 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — | |
| Q3 2012 | — | — | — | |
| Q2 2012 | — | — | — | |
| Q1 2012 | — | — | — | |
| Q4 2011 | — | — | — | |
| Q3 2011 | — | — | — | |
| Q2 2011 | — | — | — | |
| Q1 2011 | — | — | — | |
| Q4 2010 | — | — | — | |
| Q3 2010 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2010 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro