Ryerson Holding Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2023
February 21, 2024 at 05:26 pm EST
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Ryerson Holding Corporation reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported sales was USD 1,112.4 million compared to USD 1,288.2 million a year ago. Net income was USD 25.8 million compared to net loss of USD 24.1 million a year ago.
Basic earnings per share from continuing operations was USD 0.76 compared to basic loss per share from continuing operations of USD 0.65 a year ago. Diluted earnings per share from continuing operations was USD 0.74 compared to diluted loss per share from continuing operations of USD 0.65 a year ago.
Ryerson Holding Corporation is a value-added processor and distributor of industrial metals, with operations in the United States, Canada, Mexico, and China. The Company carries a full line of carbon steel, stainless steel, alloy steels, and aluminum, and a limited line of nickel and red metals. These materials are stocked in a number of shapes, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural, and tubing. The Company also provide a variety of processing services to meet its customerâ s needs. It also conducts metal processing and distribution operations in China. It has approximately 110 facilities in North America and four facilities in China. The Company offers various value-added processing and fabrication services, such as bending, beveling, blanking, blasting, burning, cutting-to length, drilling, embossing, flattening, forming, grinding, laser cutting, machining, notching, painting, perforating, polishing, punching, rolling, and sawing.