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Ryerson beats Q2 revenue guidance with $2.01B, boosts profit and synergy targets post-Olympic Steel merger

Company Fundamentals
29 Jul 2026
PRNewsWire
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Bullish
pluang ai news

Ryerson Holding Corporation reported Q2 2026 revenue of $2.01 billion, surpassing guidance following its merger with Olympic Steel. The company saw a 22.6% increase in tons shipped and a 4.5% rise in average selling prices sequentially, with net income reaching $15.5 million. Ryerson achieved $5 million in synergies this quarter and expects to exceed its $40 million first-year synergy target ahead of schedule. Despite higher debt due to working capital needs, the company returned $10.5 million to shareholders and projects steady Q3 sales with margin pressures from inventory costs.

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