Company Announcements
July 30, 2026
Ryerson Q2 earnings soar as executives laud Olympic merger
Written by Ethan Bernard
Ryerson Holding Corp.
| Second quarter ended June 30 | 2026 | 2025 | % Change |
|---|---|---|---|
| Net sales | $2,006.2 | $1,169.3 | 71.6% |
| Net earnings (loss) | $15.5 | $1.9 | 715.8% |
| Per diluted share | $0.30 | $0.06 | 400.0% |
| Six months ended June 30 | |||
| Net sales | $3,572.7 | $2,305.0 | 55.0% |
| Net earnings (loss) | $20.0 | $(3.7) | 640.5% |
| Per diluted share | $0.42 | $(0.12) | 450.0% |
Ryerson’s profits skyrocketed in the second quarter as company executives touted the initial results following the integration of Olympic Steel.
The Chicago-based service center group reported net earnings attributable to Ryerson of $15.5 million in the second quarter, up more than 700% over $1.9 million a year earlier. Net sales rose 72% to $2.0 billion in the same comparison.
Tons shipped totaled 804,000 short tons in the second quarter, up 23% sequentially and up 61% from Q2’25.
This was Ryerson’s first full reporting period after the Feb. 13 merger with Olympic Steel. It exceeded the company’s previously provided revenue guidance range.
“Despite a high-friction economy, Ryerson delivered a promising second quarter,” Ryerson CEO Eddie Lehner said in a statement after market close on Wednesday.
He said the better-than-expected results were “positively impactful validations” of the Ryerson-Olympic merger that are occurring “all around and every day.”
Rick Marabito, formerly Olympic’s CEO and now Ryerson’s president and COO, was also upbeat on the initial results of the merger.
“We are seeing the collaboration across our teams and geographies create new opportunities, solve customer needs faster, and improve the customer experience across the organization,” he said.
The company said it realized approximately $5 million of synergy benefits in the quarter through “procurement, efficiency, network optimization, and commercial enhancement actions” related to the merger.
Outlook
Ryerson expects Q3’26 shipments will decline by 3% to 5% from Q2 levels, in line with normal seasonality patterns.
Additionally, the company anticipates net sales in the range of $1.87 billion to $1.95 billion.
Meanwhile, net income for Q3’26 is expected to be in the range of $19 to $21 million, or $0.37 to $0.40 per diluted share.
