Ryerson Holding Corp (NYSE:RYZ)

Q2 2026 Ryerson Holding Corp Earnings Call Transcript

Jul 30, 2026 / 02:00 PM GMT

Release Date Price: $26.81 (-6.88%)

Transcript 8-K10-Q

Key Points

Positve

Ryerson Holding Corp (RYZ) exceeded Q2 2026 guidance on revenue, shipments, and adjusted EBITDA excluding LIFO, driven by strong transactional demand and merger synergies.
The company achieved $5 million in merger synergies in Q2 and expects to exceed its first-year $40 million annual run-rate target ahead of schedule, with Q3 projections of $13-14 million.
Ryerson Holding Corp (RYZ) reported market share gains, with North American same-store ton shipments up 5.8% year-to-date versus industry growth of 2.9%, led by double-digit transactional volume growth.
Secular demand from data center and power generation projects accelerated, representing 7% of Q2 revenues and increasing 30% sequentially, with expectations for continued growth.
The company improved operating leverage, with same-store WDSG&A per ton decreasing to $402 from $416 in Q1, and net leverage ratio improved from 5.1x to 4.0x sequentially.

Negative

Ryerson Holding Corp (RYZ) faces margin compression in Q3 due to ongoing program customer pricing lags and inflationary pressures on labor and delivery costs, including rising fuel prices and tight truck capacity.
The company expects Q3 volumes to decline 3-5% sequentially due to normal seasonal demand patterns, with revenues forecasted at $1.87-1.95 billion, down from $2.01 billion in Q2.
Stainless and aluminum prices experienced a 10-15% reversion at the end of Q2 and into early Q3, negatively impacting margins and requiring an inventory turn to cycle through.
Net income in Q2 was impacted by a $15.7 million purchase accounting adjustment to cost of materials sold, with an additional $5-7 million expected through year-end.
Cyclical end markets like agriculture, consumer discretionary, and residential construction remain subdued, with agriculture demand expected to stay largely depressed due to poor farming economics.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

RYZ.N - Ryerson Holding Corp
Q2 2026 Ryerson Holding Corp Earnings Call
Jul 30, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and welcome to the Ryerson Holding Corporation second quarter 2026 conference call, today's conference is being recorded.

There will be a question-and-answer session later.

If you'd like to ask a question, please press star one on your telephone keypad at any time.

Again, that aar want to ask a question.

At this time I'd like to turn the conference over to Justine Carlson, who offered joint in Holding Corporations second quarter 2026 earnings call.

On our call we have Eddie Laner, Reyers' Chief Executive Officer.

Rick Merivio, our President and Chief Operating Officer, Jim Clawson, our Chief Financial Officer, and Molly Cannon, our Chief Accounting Officer and corporate

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