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/PRNewswire/ Ryerson Holding Corporation (NYSE: RYI), a leading value-added processor and distributor of industrial metals, announced today that it has.
Ryerson Reports First Quarter 2021 Results
Strong asset management and expense leverage yield exceptional results which illuminate balance sheet achievements
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CHICAGO, May 5, 2021 /PRNewswire/
Ryerson Holding Corporation (NYSE: RYI), a leading value-added processor and distributor of industrial metals, today reported results for the first quarter ended March 31, 2021.
Q1 2021 Highlights:
Generated first quarter revenues of $1.15 billion, 13.6% higher than the year-ago period, driven by strong pricing and recovering metals demand. While gross margin contracted sequentially to 17.2% given transient LIFO accounting impacts, gross margin, excluding LIFO expanded during the quarter to 24.6%, an increase of 530 bps sequentially.
Exhibited exceptional working capital management, achieving a cash conversion cycle of 53 days, compared to 77 days for the first quarter of 2020.
CHICAGO, April 22, 2021 /PRNewswire/
Ryerson Holding Corporation (NYSE: RYI), a leading value-added processor and distributor of industrial metals, announced today that it will host a conference call to discuss first quarter 2021 financial results for the period ended March 31, 2021, on Thursday, May 6
th, at 10 a.m. Eastern Time. The live online broadcast will be available on the Company s investor relations website, ir.ryerson.com. Ryerson will report earnings after the market closes on Wednesday, May 5
th.
DATE:
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Ryerson to Host Earnings Call on Thursday, May 6th to Discuss First Quarter 2021 Results
April 22, 2021 GMT
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CHICAGO, April 22, 2021 /PRNewswire/ Ryerson Holding Corporation (NYSE: RYI), a leading value-added processor and distributor of industrial metals, announced today that it will host a conference call to discuss first quarter 2021 financial results for the period ended March 31, 2021, on Thursday, May 6th, at 10 a.m. Eastern Time. The live online broadcast will be available on the Company’s investor relations website, ir.ryerson.com. Ryerson will report earnings after the market closes on Wednesday, May 5th.