Loading...
•
Jun 30, 2022
Ryerson Q2 2022 Earnings Report
Reported record Earnings Per Share and a sequential reduction in debt.
Key Takeaways
Ryerson reported strong Q2 2022 results, with record diluted EPS of $5.10 and adjusted diluted EPS of $5.31 on $1.74 billion of revenue. The company achieved capital structure milestones through debt retirement, share repurchases, and an increased revolving credit facility. Subsequent to the quarter, Ryerson increased its dividend and approved a new share repurchase authorization.
Record diluted EPS of $5.10 and Adjusted diluted EPS of $5.31 on $1.74 billion of revenue.
Net Income of $196.4 million
Increased revolving credit facility to $1.3 billion and extended through June 2027
Reduced debt to $534 million and net debt to $492 million
Revenue by Segment
Forward Guidance
Ryerson expects counter-cyclical business conditions in the third quarter of 2022 with revenues projected in the range of $1.45 billion to $1.55 billion. Adjusted EBITDA, excluding LIFO is expected to be in the range of $110 million to $120 million and earnings per diluted share in the range of $2.40 to $2.60.
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
Loading earnings performance data...
Loading earnings reaction data...