Ryerson Reports Q4 Loss on $1.10B Revenue, Olympic Merger Unlocks $120M Synergies
Ryerson Holding Corp. posted a fourth-quarter adjusted loss of $1.01 per share on $1.10 billion revenue and reported a full-year loss of $56.4 million on $4.57 billion revenue. Subsequent merger with Olympic Steel unlocks $120 million in annual synergies and the company extended its credit facility to $1.8 billion while guiding $1.26–1.30 billion revenue for Q1.
1. Fourth-Quarter Results
Ryerson Holding Corp. reported a fourth-quarter net loss of $37.9 million, or $1.18 per share, and an adjusted loss of $1.01 per share on $1.10 billion in revenue.
2. Full-Year Performance
For full-year 2025, the company recorded revenue of $4.57 billion and a net loss of $56.4 million, with shipments down 4.9% in Q4 and average selling prices remaining flat versus the prior quarter.
3. Olympic Steel Merger and Synergies
Subsequent to quarter-end, Ryerson completed its merger with Olympic Steel, becoming North America's second-largest metals service center and projecting $120 million in annual run-rate synergies over two years.
4. Credit Facility and Outlook
The company extended its credit facility capacity from $1.3 billion to $1.8 billion for greater financial flexibility, declared a Q1 dividend of $0.1875 per share, and guided Q1 revenue in a $1.26–1.30 billion range.