Ryerson Inc. (RYI) Guides Q4 Revenue Ahead of Views
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Ryerson Provides Fourth Quarter 2017 Guidance and Announces Conference Call to be Held on March 6, 2018
January 24, 2018 4:33 PM ESTCHICAGO, Jan. 24, 2018 /PRNewswire/ --Â Ryerson Holding Corporation (NYSE: RYI), a leading value-added processor and distributor of industrial metals, today provided guidance for its fourth quarter ending December 31, 2017. The Company anticipates revenue of approximately $810 million for the fourth quarter of 2017 compared to $864 million in the third quarter of 2017 and $682 million in the fourth quarter of 2016. Average selling prices in the fourth quarter of 2017 are expected to be approximately three percent higher than the third quarter of 2017. Fourth quarter shipments are expected to be approximately nine percent lower sequentially due to... More
