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Ryerson Reports Second Quarter 2021 Results

Ryerson Reports Second Quarter 2021 Results
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Ryerson Reports Second Quarter 2021 Results

Ryerson Reports Second Quarter 2021 Results
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

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Ryerson Holding (RYI) is a Great Momentum Stock: Should You Buy?

Does Ryerson Holding (RYI) have what it takes to be a top stock pick for momentum investors? Let's find out. ....

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Ryerson Reports First Quarter 2021 Results

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. ....

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Ryerson: Q1 Earnings Snapshot

Ryerson: Q1 Earnings Snapshot
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CHICAGO (AP) Ryerson Holding Corp. (RYI) on Wednesday reported first-quarter earnings of $25.3 million.
The Chicago-based company said it had net income of 66 cents per share. Earnings, adjusted for non-recurring gains, came to 26 cents per share.
The metal products distributor and processor posted revenue of $1.15 billion in the period.
Ryerson shares have risen 23% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $16.82, nearly quadrupling in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RYI at https://www.zacks.com/ap/RYI ....

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