Ryerson Holding Corporation filed its Form 10-Q for the quarterly period ended September 30, 2026, reporting a swing to profitability in the third quarter with net sales of $2,177.8 million and net income attributable to the company of $32.0 million.

Key Highlights

  • Net sales: $2,177.8 million for the three months ended September 30, 2026, compared to $1,161.5 million in the same period of 2025, according to the filing.
  • Net income attributable to Ryerson: $32.0 million for Q3 2026, versus a net loss of $14.8 million in Q3 2025, as reported in the condensed consolidated statements.
  • Diluted earnings per share: $0.61 for the three months ended September 30, 2026, compared to a loss of $0.46 per diluted share in the prior-year quarter.
  • Nine-month net sales: $5,750.5 million for the nine months ended September 30, 2026, versus $3,466.5 million for the same period in 2025.
  • Acquisition spending: $270.0 million in acquisitions, net of cash acquired, recorded in investing activities for the nine months ended September 30, 2026.
  • Total assets: $4,025.2 million at September 30, 2026, up from $2,404.7 million at December 31, 2025, per the balance sheet.
  • Shares outstanding: 51,709,690 shares of common stock as of October 23, 2026, as disclosed on the cover page.

Ryerson's Q3 2026 Financial Results Reflect Acquisition-Driven Expansion

Ryerson Holding Corporation (NYSE:RYZ) reported a return to profitability in the third quarter of 2026, with net sales of $2,177.8 million and an operating profit of $51.5 million, compared to a net sales figure of $1,161.5 million and an operating loss of $1.0 million in Q3 2025, according to the condensed consolidated statements of comprehensive income included in the filing. Gross profit for the quarter was $373.7 million, against $199.5 million in the prior-year period. The filing also recorded a gain on insurance settlement of $1.5 million and a gain on litigation settlement of $2.4 million during the three months ended September 30, 2026.

For the nine months ended September 30, 2026, the company disclosed net income attributable to Ryerson Holding Corporation of $52.0 million, compared to a net loss of $18.5 million for the same period in 2025. Warehousing, delivery, selling, general, and administrative expenses for the nine months were $912.2 million, up from $604.3 million in the prior-year nine-month period. Impairment charges on assets were $0.9 million for the nine months ended September 30, 2026, per the filing.

The condensed consolidated balance sheet shows total assets grew to $4,025.2 million at September 30, 2026, from $2,404.7 million at December 31, 2025. Long-term debt increased to $1,005.1 million from $461.2 million over the same period. Cash used in operating activities for the nine months was $176.0 million, driven in part by a $361.4 million increase in receivables and a $198.7 million increase in inventories, the filing disclosed. Net cash used in investing activities was $311.1 million, including $270.0 million for acquisitions. Dividends declared per share were $0.1875 for the quarter and $0.5625 for the nine-month period.

What Was Disclosed

Ryerson Holding Corporation filed a quarterly report for the period ended September 30, 2026, covering income statements, cash flows, and balance sheet data for the three and nine months ended September 30, 2026 and 2025, along with notes to condensed consolidated financial statements.