Steel Mills
November 4, 2018
Ryerson Posts Strong Gain in Third Quarter
Written by Sandy Williams
Metals distributor Ryerson Holding Corp. reported a revenue gain of 44.6 percent year-over-year to $1.25 billion for the third quarter of 2018. Revenue was up 18.2 percent compared to the second quarter, driven by an increased average selling price and higher volume shipped.
Net income attributable to Ryerson Holding Corp. was $77.5 million for the third quarter of 2018 compared to $17.5 million in the second quarter and $1.7 million a year ago. Price per diluted share was $2.05 compared to $0.05 per diluted share in Q3 2017.
