Service Centers

Ryerson narrows loss in first quarter
Written by Stephanie Ritenbaugh
May 1, 2025
(in millions of dollars except per share)
First quarter ended March 31 | 2025 | 2024 | % Change |
---|---|---|---|
Net sales | $1,135.7 | $1,239.2 | -8.4% |
Net earnings (loss) | $(5.3) | $(7.4) | 28.4% |
Per diluted share | $(0.18) | $(0.22) | 18.2% |
Ryerson Holding Corp. shrank its net loss in the first quarter vs. last year.
The Chicago-based service center reported a first-quarter loss of $5.3 million, an improvement compared to a loss of $7.4 million in Q1’24. Meanwhile, the company generated net sales of $1.14 billion and shipped 500,000 tons, up from 497,000 tons a year ago. Revenue rose to nearly $1.14 billion, up from nearly $1.24 billion last year.
“We realized improved plant productivity benchmarks, excellent working capital management, and cost controls in place and functioning as intended,” said CEO Eddie Lehner. “We also realized market share growth in the quarter whereby strong spot-transactional business offset slow OEM contract business and OEM contract price lag effects.”
“In summary, we’re getting better and positioning the company well for sustaining shareholder value creation even amidst near-term cyclical industry conditions that are uniquely challenging but vitally important to the long-term health of manufacturing in the US and North America,” Lehner continued.
Outlook
For Q2’25, Ryerson expects customer shipments to be between a decrease of 1% to an increase of 1% quarter over-quarter, reflecting tariff-related uncertainty and weaker seasonal volume patterns as customers prioritize destocking. Net sales are projected to range between $1.15 billion and $1.19 billion, with average selling prices increasing 3% to 4%.

Stephanie Ritenbaugh
Read more from Stephanie RitenbaughLatest in Service Centers

Jack Biegalski joins Esmark Steel Group as CEO
Jack Biegalski, former president and CEO of American Heavy Plates, has been named the new CEO of the Esmark Steel Group.

Casey to lead Olympic’s manufactured metal products business
National service center chain Olympic Steel has made an internal promotion to fill the newly created role of director of manufactured metal products.

Russel Metals acquiring Kloeckner Metals centers to increase US presence
The seven facilities Russel agreed to purchase are located in Iowa, North Carolina, Georgia, Texas, and Florida.

Klöckner to sell seven US locations to Russel, one to Service Steel Warehouse
German service center Klöckner and Co. has agreed to sell seven of its US locations to Canadian service center Russel Metals Inc. for approximately $119 million, the companies said in press releases on Sunday.

Worthington Steel’s earnings, sales rise in fiscal Q1’26
Worthington Steel saw a strong first quarter to kick off its fiscal 2026 as both profits and sales notched increases.