Ryerson Holding Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 30, 2023 at 04:20 pm EDT
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Ryerson Holding Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 1,246.7 million compared to USD 1,543.1 million a year ago. Net income was USD 35 million compared to USD 55.1 million a year ago. Basic earnings per share from continuing operations was USD 1.02 compared to USD 1.49 a year ago. Diluted earnings per share from continuing operations was USD 1 compared to USD 1.46 a year ago.
For the nine months, sales was USD 3,996.3 million compared to USD 5,035.4 million a year ago. Net income was USD 119.9 million compared to USD 415.1 million a year ago. Basic earnings per share from continuing operations was USD 3.4 compared to USD 11 a year ago. Diluted earnings per share from continuing operations was USD 3.34 compared to USD 10.78 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.