Ryerson swings to Q3 2026 net income of $32 million from year-earlier loss
Bitget2026/10/28 20:52- Ryerson swung to third-quarter 2026 net income attributable to shareholders of $32 million from a year-earlier loss.
- Revenue jumped 88% year-over-year to $2.18 billion, including $602.1 million from Olympic Steel.
- Operating activities used $18.2 million in cash due to higher working capital requirements offsetting net income generation.
- Merger synergies reached a $52 million annualized run rate, exceeding the $40 million first-year target ahead of schedule.
- Fourth-quarter net income is forecast at $16 million to $20 million, with revenue of $1.96 billion to $2.04 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Anthropic "accidentally" leaks IPO documents! Plans to raise $69.3 billion, valuation drops from 2 trillion to 1.3 trillion
Anthropic mistakenly published and then withdrew a prospectus for a planned $69.3 billion fundraising, with its valuation dropping from a peak of $2 trillion to between $1.1 trillion and $1.3 trillion.
Subaru Publishes Transcript of First-Half FYE 2027 Financial Results Presentation
Citi: Occidental Petroleum (OXY.US) Q3 cash flow surpasses expectations, accelerated debt repayment cannot hide concerns over Q4 output
Citi published a research report maintaining Occidental Petroleum's "Neutral" rating, with a target price of $65.
WikiLeaks Founder Julian Assange Welcomes Daughter With Terminator Quote
Crypto prices
More
