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Mar 31, 2020
Ryerson Q1 2020 Earnings Report
Ryerson's first quarter earnings were impacted by the onset of the COVID-19 pandemic, but the company generated strong cash flows from operating activities, reduced net debt, and maintained strong liquidity.
Key Takeaways
Ryerson Holding Corporation reported a decrease in revenue by 17.9% compared to the same period last year, with average selling prices down 10.2% and tons shipped down 8.6%. Despite the challenges, the company generated $72.8 million in cash flow from operations and reduced net debt by $30 million.
Achieved Adjusted EBITDA, excluding LIFO of $34 million, within guidance range.
Generated $73 million in cash flow from operations while maintaining strong liquidity amidst heightened COVID-19 driven market volatility.
CS&W’s transformation tracked to plan with Adjusted EBITDA, excluding LIFO of $3 million in the quarter.
Improved debt profile by repurchasing $55 million of Senior Secured Notes and decreasing net debt by $30 million.
Revenue by Segment
Forward Guidance
Due to the macroeconomic uncertainty stemming from the coronavirus pandemic and overall lack of visibility into future demand trends, metal pricing and market conditions in the end-markets in which Ryerson operates, the Company will not provide guidance for the second quarter ending June 30, 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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