Service Centers
February 24, 2022
Ryerson Posts Record '21 Earnings, Notes 'Geo-Political Wildcards' in '22
Written by Tim Triplett
Ryerson, the Chicago-based steel processor and distributor, reported record annual results for 2021 highlighted by capital investment in two new service centers and significant debt reduction that positions the company well for what management expects to be a strong 2022.
Ryerson reported net income of $294.3 million on revenues of $5.68 billion in 2021. That’s a big improvement from the loss last year of $65.8 million on sales of $3.47 billion. The company finished the year strong with fourth-quarter earnings that doubled the prior quarter at $106.4 million on sales of $1.53 billion.
