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Sep 30, 2021
Ryerson Q3 2021 Earnings Report
Ryerson achieved record results, increased shareholder returns, and significantly de-risked the balance sheet.
Key Takeaways
Ryerson reported record third-quarter results, with revenue of $1.6 billion, earnings per diluted share of $1.27 and adjusted earnings per diluted share of $3.25. The company achieved a record Adjusted EBITDA, excluding LIFO of $301 million and a record gross margin of 23.1%.
Achieved third quarter revenue of $1.6 billion
Generated earnings per diluted share of $1.27 and adjusted earnings per diluted share of $3.25
Achieved record Adjusted EBITDA, excluding LIFO of $301 million
Achieved record gross margin of 23.1% and gross margin, excluding LIFO of 29.6%
Revenue by Segment
Forward Guidance
Ryerson anticipates fourth quarter 2021 revenues in the range of $1.5 billion to $1.6 billion with sequential average selling prices up 5% to 7% and shipments down 7% to 9% due to normal seasonality patterns and persistent supply chain constraints within its end-markets which are hampering realizable demand.
Positive Outlook
- Pricing growth across carbon products has slowed while nickel and aluminum prices remain elevated, benefitting the Company’s diversified product mix, which remains approximately 50% bright metals.
Challenges Ahead
- Shipments down 7% to 9% due to normal seasonality patterns and persistent supply chain constraints within its end-markets which are hampering realizable demand.
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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