Ryerson Reports Second Quarter 2019 Results
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Ryerson Inc. (RYI) Misses Q2 EPS by 37c, Revenues Beat; Offers Q3 EPS/Revenue Guidance
August 5, 2019 5:02 PM EDTRyerson Inc. (NYSE: RYI) reported Q2 EPS of $0.43, $0.37 worse than the analyst estimate of $0.80. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.19 billion.
Net income attributable to Ryerson Holding Corporation was $16.4 million, or $0.43 per diluted share, in the second quarter of 2019 compared to $17.5 million, or $0.46 per diluted share, in the prior year period.Ryerson achieved Adjusted EBITDA, excluding LIFO of $50.7 million in the second quarter of 2019, a decrease of $12.3 million compared to the first quarter of 2019 or $55.9 million less than the second quarter of 2018.... More