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Dec 31, 2021
Ryerson Q4 2021 Earnings Report
Ryerson reported record annual results driven by excellent execution and culminating in debt reduction, declaration of dividend and share buyback.
Key Takeaways
Ryerson reported Q4 2021 revenue of $1.53 billion and net income of $106.4 million. The company achieved earnings per diluted share of $2.71. They ended the year with $639 million of debt and $588 million of net debt.
Full-year record net income attributable to Ryerson Holding Corporation of $294.3 million and record Adjusted EBITDA, excluding LIFO of $860.6 million
Achieved fourth quarter earnings per diluted share of $2.71 and full-year 2021 earnings per diluted share of $7.56
Fourth quarter net income attributable to Ryerson Holding Corporation of $106.4 million and fourth quarter Adjusted EBITDA, excluding LIFO of $238.7 million
Generated fourth quarter revenue of $1.53 billion and full-year 2021 revenue of $5.68 billion
Revenue by Segment
Forward Guidance
Ryerson anticipates first quarter 2022 revenues in the range of $1.55 billion to $1.65 billion with sequential average selling prices down 2% to 4% and shipments up 7% to 9%. LIFO income in the first quarter of 2022 is expected to be in the range of $28 to $32 million. Adjusted EBITDA, excluding LIFO is expected to be in the range of $195 to $205 million and earnings per diluted share is expected to be in the range of $3.78 to $3.94.
Positive Outlook
- Expect to see seasonally sequential progression in company shipments during the first quarter of 2022.
- Aluminum and nickel prices remain robust, benefitting the Company’s diversified product mix, which includes approximately 50% bright metals.
Challenges Ahead
- Pricing of carbon products has declined.
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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