EX-99.1

2 ryz-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

Ryerson Reports Third Quarter 2026 Results

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 – October 28, 2026 – 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.

Highlights:

• Generated total Company revenue of $2.18 billion in the third quarter, exceeding the previously provided guidance range with total tons shipped 1.2% higher and average selling prices 7.2% higher sequentially. Excluding Olympic Steel, which generated $602 million of revenue during the quarter, same-store revenue was $1.58 billion, with sequential average selling prices increasing by 7.3% and tons shipped increasing by 1.8% to reach their highest quarterly level in over five years.

• Achieved total Company third quarter net income1 of $32.0 million, or $0.61 per diluted share, and Adjusted EBITDA, excluding LIFO2 of $115.0 million, exceeding guidance of $88 to $92 million. Olympic Steel contributed $30.2 million of Adjusted EBITDA, excluding LIFO, also exceeding guidance.

• Realized approximately $13 million in third quarter synergy benefits, representing $52 million on an annualized, run-rate basis and substantially exceeding the $40 million first-year target months ahead of schedule.

• Returned $13.6 million to stockholders during the quarter, comprised of $9.8 million in dividends and $3.8 million in share repurchases at prices below book value per share.

A reconciliation of non-GAAP financial measures to the comparable GAAP measure is included below in this news release.

$ in millions, except tons (in thousands), average selling prices, and earnings per share

Financial Highlights:

Q3 2026

Q2 2026

Q3 2025

QoQ

YoY

9MO 2026

9MO 2025

YoY

Revenue

$2,177.8

$2,006.2

$1,161.5

8.6%

87.5%

$5,750.5

$3,466.5

65.9%

Tons shipped

814

804

485

1.2%

67.8%

2,274

1,486

53.0%

Average selling price/ton

$2,675

$2,495

$2,395

7.2%

11.7%

$2,529

$2,333

8.4%

Gross margin

17.2%

17.7%

17.2%

-50 bps

—

17.7%

17.7%

—

Gross margin, excl. LIFO(2)

18.5%

18.6%

18.3%

-10 bps

20 bps

18.7%

18.6%

10 bps

Warehousing, delivery, selling, general, and administrative expenses

$326.1

$320.9

$200.4

1.6%

62.7%

$912.2

$604.3

51.0%

As a percentage of revenue

15.0%

16.0%

17.3%

-100 bps

-230 bps

15.9%

17.4%

-150 bps

Net income (loss) attributable to Ryerson Holding Corporation

$32.0

$15.5

$(14.8)

106.5%

316.2%

$52.0

$(18.5)

381.1%

Diluted earnings (loss) per share

$0.61

$0.30

$(0.46)

$0.31

$1.07

$1.05

$(0.58)

$1.63

Adjusted diluted earnings (loss) per share

$0.61

$0.52

$(0.46)

$0.09

$1.07

$1.48

$(0.55)

$2.03

Adj. EBITDA, excl. LIFO

$115.0

$101.0

$40.3

13.9%

185.4%

$283.4

$118.1

140.0%

Adj. EBITDA, excl. LIFO margin

5.3%

5.0%

3.5%

30 bps

180 bps

4.9%

3.4%

150 bps

Balance Sheet and Cash Flow Highlights:

Total debt

$1,006.1

$955.2

$499.7

5.3%

101.3%

$1,006.1

$499.7

101.3%

Cash and cash equivalents

$40.5

$41.9

$29.8

(3.3)%

35.9%

$40.5

$29.8

35.9%

Net debt(3)

$965.6

$913.3

$469.9

5.7%

105.5%

$965.6

$469.9

105.5%

Net debt / LTM Adj. EBITDA, excl. LIFO

3.2x

4.0x

3.7x

(0.8x)

(0.5x)

3.2x

3.7x

(0.5x)

Cash conversion cycle (days)

70.8

70.9

68.2

(0.1)

2.6

67.6

67.1

0.5

Net cash provided by (used in) operating activities

$(18.2)

$(5.6)

$24.7

$(12.6)

$(42.9)

$(176.0)

$22.3

$(198.3)

Management Commentary

Eddie Lehner, Ryerson’s Chief Executive Officer & Director, said, “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, Ryerson’s President, Chief Operating Officer & Director added, “Resilient customer demand and strong execution acro