Ryerson Q3 EPS $0.61 as Olympic Steel Lifts Sales 88% to $2.18B
RYZ sits 56% above its 52-week low of $19.34.
Summary
Ryerson posted Q3 net income of $32.0 million ($0.61 per diluted share) on sales of $2,177.8 million, up from $1,161.5 million a year ago with Olympic Steel included. Nine-month operating cash flow was negative $176.0 million as working capital grew, lifting total debt to $1,006.1 million.
Key Events · Earnings and Guidance · RYZ
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Q3 Profit Swings Positive
Net income attributable to Ryerson was $32.0 million, or $0.61 diluted per share, versus a $14.8 million loss ($0.46) in Q3 2025.
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Olympic Steel Nearly Doubles Sales
Net sales rose to $2,177.8 million from $1,161.5 million; Olympic Steel contributed $602.1 million in the quarter and $1,439.0 million over nine months.
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Working Capital Drives Cash Burn
Nine-month operating cash flow was negative $176.0 million versus positive $22.3 million a year ago, driven by a $361.4 million receivables build and $198.7 million inventory increase.
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Debt and Liquidity Both Rise
Total debt reached $1,006.1 million (from $463.1 million at December 31, 2025) with net debt of $965.6 million; total liquidity was $865 million, including $777 million available on the credit facility.
Analysis · RYZ · Trade & Services
The headline swing is a $32.0 million third-quarter profit ($0.61 diluted) versus a $14.8 million loss a year ago, with sales nearly doubling to $2,177.8 million as the February Olympic Steel merger added $602.1 million of revenue in the quarter. Cash is the catch: working capital absorbed by higher receivables and inventory pushed operating cash flow to negative $176.0 million for the nine months, and total debt has climbed to $1,006.1 million from $463.1 million at year-end. Liquidity of $865 million and $777 million of revolver availability cover that, but the balance sheet is now meaningfully more leveraged than before the deal.
How filings like this one have moved
In the 30 days to Oct 29, 2026, 31.1% of the 1661 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, RYZ was trading at $30.11 on NYSE in the Trade & Services sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $19.34 to $32.00. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.