RYZ press release
RTPR•28/10/2026•16:23 ET
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Key Highlights
- ➤Q3 revenue $2.18 billion, up 8.6% sequentially, exceeding guidance
- ➤Q3 Adjusted EBITDA excluding LIFO $115.0 million, above $88-$92 million guidance
- ➤Olympic Steel contributed $602.1 million revenue and $30.2 million Adjusted EBITDA
- ➤Synergy run-rate reached approximately $52 million, surpassing $40 million first-year target early
- ➤Q4 Adjusted EBITDA excluding LIFO expected at $100-$104 million; revenue forecast $1.96-$2.04 billion
Expert Statements
Eddie Lehner, Chief Executive Officer & Director of Ryerson
“Ryerson delivered an excellent third quarter, generating results above our guidance while eclipsing our first-year synergy run-rate target ahead of schedule. These simultaneous achievements reflect the resourcefulness, collaborative efforts, and passion of our teammates as our investments, commercial execution, and integration efforts came together to produce our best quarter of 2026. The strength we saw in daily shipment volumes and invoice counts defied normal industry seasonality, with AI infrastructure and power generation investment elevating overall demand through the quarter. I want to thank and recognize all of my RYZ colleagues for acting with shared purpose and empowering one another to create great customer experiences while translating the strengths of our combined enterprise into growth with greater earnings power. Two full quarters into the merger, our combined positive momentum continues to build further toward the formidable potential we believe our enterprise can realize in the quarters and years ahead.”
Rick Marabito, President, Chief Operating Officer & Director of Ryerson
“Resilient customer demand and strong execution across our expanded network drove our highest same-store quarterly shipments in more than five years. With industry inventories low and mill lead times extended, our greater scale and improving inventory visibility are helping our teams locate and share material, coordinate processing resources and meet customer needs across the combined enterprise. We are also aligning customer programs with the facilities best equipped to serve them, which is supporting higher asset utilization and a lower cost to serve while creating capacity for additional transactional business. Commercial synergies continue to exceed our expectations, and progress across our four synergy pillars reinforces our confidence in achieving our two-year target of $120 million in annual run-rate synergies. I want to thank our teams for putting our shared values of customer commitment, accountability and teamwork into action, delivering excellent customer experiences while building a stronger business for all our stakeholders.”
Exceeded shipment, sales, and earnings guidance and eclipsed first-year annual run-rate synergy target ahead of schedule while generating market share gains, productivity gains, and higher book value per share alongside excellent net working capital management
CHICAGO, Oct. 28, 2026 /PRNewswire/ -- Ryerson Holding Corporation (NYSE: RYZ), a leading value-added processor and distributor of industrial metals, today reported results for the third quarter ended September 30, 2026.
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