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CHICAGO, Feb. 24, 2021 /PRNewswire/
Ryerson Holding Corporation (NYSE: RYI), a leading value-added processor and distributor of industrial metals, today reported results for the fourth quarter and full-year ended December 31, 2020.
Q4 2020 Highlights:
Continued successfully executing upon our dual mandate pandemic response plan to safeguard the health and safety of our employees and to improve the liquidity and recovery capacity of the Company.
Redeemed $50 million in outstanding Senior Secured Notes due 2028 and ended the year with net debt of $679 million, a decrease of $244 million compared to 2019 enabled by strong cash flow generation from operations of $278 million.
Fourth quarter revenues increased by 2.6% sequentially driven by the robust metals pricing environment and recovering demand fundamentals. Gross margin contracted quarter-over-quarter to 18.0% due to lagging contract business price resets, whereas gross margin, excluding LIFO expanded
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CHICAGO, Feb. 24, 2021 /PRNewswire/
Ryerson Holding Corporation (NYSE: RYI), a leading value-added processor and distributor of industrial metals, announced today that after more than 36 years of excellence Kevin Richardson will retire from his position as President, South-East Region effective April 2, 2021. Kevin has served as president of the South-East region since 2007 and leaves the role having been an integral part of Ryerson s transformation and instrumental in its financial success. Eddie Lehner, Ryerson s President and Chief Executive Officer said, Kevin will be tremendously missed once he transitions fully to retirement; however, our succession planning process has been well developed to ensure continuity and continued progress and is a tribute to Kevin and the work we have thoughtfully done together over the years that we have a deep and talented executive group. Mr. Richardson will remain with Ryerson through at least the end of the calendar y
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The global sheet metal fabrication services market is anticipated to expand at a CAGR of 1.7% during the forecast period 2018 to 2026. This is due to growing demand for ready to install fabrication products and components in several end-use industries such as industrial machinery, automotive, construction, and others. Sheet metal fabrication service providers are adopting prefabrication techniques to meet the increased demand. This is expected to contribute to the growth of the sheet metal fabrication services market.
Sheet metal fabrication services are an integral part of various end-use industries. With increased demand in the Asia Pacific region, manufacturers are shifting their base to this region which is boostingthe growth of the sheet metal fabrication services market in Asia Pacific.The market in Asia Pacific is expected to growat a CAGR of 2.3% over the forecast period.
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CHICAGO, Jan. 28, 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 fourth quarter and full-year 2020 financial results for the period ended December 31, 2020, on Thursday, February 25
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, February 24
th.
Full-Year 2020 Earnings Call Details:
DATE:
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ResearchAndMarkets.com s offering.
The publisher brings years of research experience to the 8th edition of this report. The 392-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Sheet Metal Fabrication Services Market to Reach US$4.3 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Sheet Metal Fabrication Services estimated at US$3.8 Billion in the year 2020, is projected to reach a revised size of US$4.3 Billion by 2027, growing at a CAGR of 2% over the analysis period 2020-2027.