Ryerson Execs Talk Transportation and Supply

Strong pricing and demand conditions boosted Ryerson’s second-quarter revenues by 20.8 percent from a year ago to $1.1 billion. Revenue increased 12.3 percent from the first quarter of 2018. Adjusted EBITDA, excluding LIFO, more than doubled from a year ago to $106.6 million and was more than 70 percent higher than first-quarter results.

Ryerson CEO Eddie Lehner was asked during the company earnings call to comment on end markets. There has been a lot of discussion by customers, said Lehner, on how much pre-buying was done and what influence component shortages and labor and transportation bottlenecks have had on longer backlogs.