Ryerson Reports Strong Q3 2026 Results Driven by Volume Growth and Olympic Steel Integration
Ryerson (RYZ) reported robust third-quarter 2026 financial results, with revenue reaching $2.18 billion, an 8.6% sequential increase driven by higher shipment volumes and rising average selling prices. Net income rose significantly to $32.0 million ($0.61 per diluted share) compared to $15.5 million in the previous quarter. The company's Adjusted EBITDA of $115.0 million notably exceeded management's guidance range, bolstered by a strong $30.2 million contribution from Olympic Steel. Operational highlights include a 7.2% increase in average selling prices to $2,675 per ton and the highest quarterly volume for the legacy business in over five years. While gross margins saw a slight contraction due to rising carbon steel costs, Ryerson's expansion into data center and power generation sectors now accounts for 9% of total sales. Despite seasonal headwinds expected in Q4, the company maintains a healthy leverage ratio reduction to 3.2x.
Topics: EBITDA Financial Guidance Net Income Revenue Growth Shipment Volumes