Ryerson Q2 revenue rises 28.1% to $2.01 billion; Q3 outlook points lower
Ryerson reported second-quarter 2026 revenue of $2.01 billion, its first full quarter after the February 13, 2026 merger with Olympic Steel, and net income of $15.5 million, or $0.30 per diluted share, up from $4.5 million in the prior quarter. For the third quarter, the company guided to net sales of $1.87 billion to $1.95 billion and Adjusted EBITDA, excluding LIFO, of $88 million to $92 million, both below second-quarter levels, and said margin pressure will increase. The Board also declared a quarterly dividend of $0.1875 per share.
Key points
- Q2 revenue was $2.01 billion, up 28.1% from Q1 and above the company's previously provided revenue guidance range; Olympic Steel contributed $564 million.
- Net income attributable to Ryerson was $15.5 million, or $0.30 per diluted share, versus $4.5 million, or $0.10, in Q1 2026.
- Q3 2026 guidance: net sales of $1.87 billion to $1.95 billion; Adjusted EBITDA, excluding LIFO, of $88 million to $92 million; net income of $19 million to $21 million excluding inventory purchase accounting charges.
- Total debt was $955 million and net debt $913 million at June 30, 2026; operating cash flow was negative $5.6 million in Q2.
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 29, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.