Ryerson Q1 Revenue Surges 38% to $1.57B, Adjusted EPS $0.30
Ryerson reported Q1 net income of $4.5 million ($0.10 per share) and adjusted EPS of $0.30 on revenue of $1.57 billion, a 37.9% year-over-year increase driven by Olympic Steel merger boosting tons shipped by 31.2% and ASP by 5.2%. The company forecasts Q2 revenue of $1.86–$1.93 billion.
1. First Quarter Financial Results
Ryerson reported net income of $4.5 million (10 cents per share) and adjusted earnings of $13.1 million (30 cents per share) on revenue of $1.57 billion, up 37.9% year-over-year. Tons shipped increased 31.2% and average selling price per ton rose 5.2%, driven by merger volume.
2. Integration and Synergy Progress
Following the February merger with Olympic Steel, the company initiated integration across leadership and operations and established teams to capture synergies. Management aims to achieve $120 million in annual run-rate synergies by early 2028, with early traction in commercial alignment and cost efficiencies.
3. Guidance and Capital Returns
Ryerson projects Q2 revenue of $1.86 billion to $1.93 billion, reflecting continued merger benefits and market tailwinds. The board declared a second-quarter dividend of $0.1875 per share and authorized an additional $100 million share repurchase program over two years.