Ryerson Holding Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024
April 30, 2024 at 04:21 pm EDT
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Ryerson Holding Corporation reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 1,239.2 million compared to USD 1,406.1 million a year ago. Net loss was USD 7.6 million compared to net income of USD 47.3 million a year ago.
Basic loss per share from continuing operations was USD 0.22 compared to basic earnings per share from continuing operations of USD 1.3 a year ago. Diluted loss per share from continuing operations was USD 0.22 compared to diluted earnings per share from continuing operations of USD 1.27 a year ago.
Ryerson Holding Corporation is a value-added processor and distributor of industrial metals, with operations in the United States, Canada, Mexico, and China. The Company carries a full line of carbon steel, stainless steel, alloy steels, and aluminum, and a limited line of nickel and red metals. These materials are stocked in a number of shapes, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural, and tubing. The Company also provide a variety of processing services to meet its customerâ s needs. It also conducts metal processing and distribution operations in China. It has approximately 110 facilities in North America and four facilities in China. The Company offers various value-added processing and fabrication services, such as bending, beveling, blanking, blasting, burning, cutting-to length, drilling, embossing, flattening, forming, grinding, laser cutting, machining, notching, painting, perforating, polishing, punching, rolling, and sawing.