Ryerson (RYI) reported Q4 2025 revenue of USD 1.10 billion (-4.9% QoQ, +9.7% YoY) on 461,000 tons shipped (-4.9% QoQ, +3.1% YoY) and an average selling price of USD 2,397/ton (flat QoQ, +6.3% YoY). Q4 gross margin was 15.3% (down 190 basis points QoQ) and adjusted EBITDA excluding LIFO was USD 20.40 million (-49.4% QoQ, +98.1% YoY). Q4 net loss attributable to shareholders was USD 37.90 million (USD 1.18 diluted loss per share), versus a Q3 net loss of USD 14.80 million; Ryerson cited margin compression as mill prices rose faster than average selling prices, and recorded USD 22.50 million of LIFO expense in Q4. For FY 2025, Ryerson posted revenue of USD 4.57 billion (-0.6% YoY) and adjusted EBITDA excluding LIFO of USD 138.50 million (+21.4% YoY), with a net loss attributable to shareholders of USD 56.40 million (USD 1.76 diluted loss per share). The company ended Q4 with total debt of USD 463.10 million and net debt of USD 436.20 million, and generated operating cash flow of USD 112.70 million in Q4 and USD 87.00 million for FY 2025. Corporate updates included the Feb. 13, 2026 closing of Ryerson’s merger with Olympic Steel (exchange ratio 1.7105; Olympic Steel shareholders now own about 37% of the combined company), with projected annual run-rate synergies of about USD 120.00 million by early 2028 and an approximately 160-facility footprint. Ryerson also extended its revolving credit facility maturity and expanded capacity to USD 1.80 billion from USD 1.30 billion, and declared a quarterly dividend of USD 0.1875 per share payable March 19, 2026 (record date March 5, 2026). Management said Q1 2026 activity was tracking ahead of year-over-year and sequential levels, and guided (Ryerson only) Q1 revenue of USD 1.26 billion to USD 1.30 billion and adjusted EBITDA excluding LIFO of USD 51.00 million to USD 54.00 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ryerson Holding Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-059448), on February 19, 2026, and is solely responsible for the information contained therein.