JPMorgan Downgrades Ryerson Holding (RYI) to Neutral

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Ryerson Announces 2014 Results

March 16, 2015 5:47 PM EDT

CHICAGO, March 16, 2015 /PRNewswire/ -- Ryerson Holding Corporation (NYSE: RYI), a leading distributor and processor of metals, today reported results for the fourth quarter and full year 2014.

2014 ResultsRevenues for 2014 were $3.6 billion, an increase of 4.7 percent from 2013.  Gross margin was 16.4 percent for 2014, compared to 17.8 percent for 2013.  However, gross margin, excluding LIFO was 17.6 percent for 2014, compared to 16.9 percent for 2013.  A reconciliation of gross margin, excluding LIFO to gross margin is included below in this news release.

Warehousing, delivery, selling, general and administrative expense was up $29.1 million, or 6.1 percent,... More