Overview
Metal distributor's preliminary Q4 revenue meets expectations amid soft industrial demand
Adjusted EBITDA for Q4 missed estimates due to higher LIFO expenses
Company anticipates strong Q1 2026 performance with increased bookings
Outlook
Ryerson expects Q1 2026 net sales between $1.26 bln and $1.30 bln
Company expects Q1 2026 net income of $10 to $12 mln before merger fees
Ryerson anticipates Q1 adjusted EBITDA excluding LIFO of $51 to $54 mln
Result Drivers
MATERIAL COSTS - Rising input costs led to compressed gross margins as resale prices remained flat
LIFO EXPENSES - Higher LIFO expenses than anticipated impacted adjusted EBITDA
MERGER FEES - Advisory service fees related to Olympic Steel merger increased expenses
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Meet | $1.10 bln | $1.10 bln (1 Analyst) |
Q4 EPS | -$1.18 | ||
Q4 Net Income | -$37.90 mln | ||
Q4 Adjusted EBITDA | Miss | $20.40 mln | $29.95 mln (2 Analysts) |
Q4 Adjusted Free Cash Flow | $112.70 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the iron & steel peer group is "buy."
Wall Street's median 12-month price target for Ryerson Holding Corp is $24.00, about 19.2% below its February 5 closing price of $29.70
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)