Ryerson swings to Q3 2026 net income of $32 million from year-earlier loss
RYZ•Ryerson reported third-quarter net income of $32 million, compared with a year-earlier loss, as revenue rose 88% to $2.18 billion. It forecast fourth-quarter net income of $16 million to $20 million and revenue of $1.96 billion to $2.04 billion.
1. Quarterly results
Ryerson swung to third-quarter 2026 net income attributable to shareholders of $32 million from a loss a year earlier. Revenue rose 88% year-over-year to $2.18 billion, including $602.1 million from Olympic Steel.
2. Cash and outlook
Operating activities used $18.2 million in cash as higher working capital requirements offset net income generation. Merger synergies reached a $52 million annualized run rate, exceeding the $40 million first-year target ahead of schedule. For the fourth quarter, Ryerson forecast net income of $16 million to $20 million and revenue of $1.96 billion to $2.04 billion.
