Ryerson Reports Third Quarter 2019 Results

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Go back to Ryerson Reports Third Quarter 2019 Results

Ryerson Inc. (RYI) Misses Q3 EPS by 39c, Offers Guidance

October 30, 2019 6:56 AM EDT

Ryerson Inc. (NYSE: RYI) reported Q3 EPS of $0.24, $0.39 worse than the analyst estimate of $0.63. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.11 billion.

GUIDANCE:

Ryerson Inc. sees Q4 2019 EPS of $0.08-$0.18, versus the consensus of $0.23. Ryerson Inc. sees Q4 2019 revenue of $960-1000 million, versus the consensus of $1170 million.

For the fourth quarter of 2019, Ryerson anticipates revenues of $960... More