Jun 2026 (Q2 FY26) — Jul 30, 2026
Ryerson Q2 FY26 — Merger Synergies Drive Above-Guidance Performance Amidst Mixed Market
Read the full callRyerson earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 2,006 | +71.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 1.7 | +1.2 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 15.5 | +715.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
1Y: $22.75 on 17 Oct 2025 → $27.89. High $31.03 (28 Jul 2026), low $19.86 (17 Nov 2025).
Overview
Call summaries
Ryerson Q2 FY26 — Merger Synergies Drive Above-Guidance Performance Amidst Mixed Market
Read the full callEvery analysed call
Financials
Net profit, year on year: +716% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,127 | 1,007 | 1,136 | 1,169 | 1,162 | 1,105 | 1,567 | 2,006 |
| Operating profit | 5 | 3 | 2 | 6 | -1 | -38 | 23 | 34 |
| Operating margin | 0.5% | 0.3% | 0.2% | 0.5% | −0.1% | −3.4% | 1.5% | 1.7% |
| Other income | -0 | 3 | 0 | -2 | 1 | -0 | 2 | 2 |
| Profit before tax | -6 | -5 | -7 | -6 | -10 | -48 | 13 | 22 |
| Tax rate | 6.3% | 12.5% | 23.2% | 133.3% | −39.8% | 21.4% | 62.1% | 27.3% |
| Net profit | -7 | -4 | -6 | 2 | -15 | -38 | 5 | 16 |
| EPS ($ per share) | -0.20 | — | -0.18 | 0.06 | -0.46 | — | 0.11 | 0.30 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | 14 | 100 | 34 | 322 | 693 | 813 | 780 | 699 |
| Total liabilities | 2,010 | 1,843 | 1,657 | 1,821 | 1,441 | 1,655 | 1,615 | 1,641 |
| Fixed assets | 489 | 440 | 422 | 388 | 458 | 590 | 637 | 610 |
| Total assets | 2,086 | 2,022 | 1,802 | 2,366 | 2,334 | 2,570 | 2,440 | 2,405 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 57 | 193 | 278 | 35 | 501 | 365 | 205 | 87 |
| Cash from investing | -200 | 26 | -26 | 94 | -160 | -262 | -143 | -54 |
| Cash from financing | 93 | -184 | -250 | -138 | -350 | -88 | -87 | -36 |
| Net cash flow | -54 | 36 | 3 | -10 | -12 | 15 | -26 | -1 |
| Capital expenditure | -38 | -46 | -26 | -59 | -105 | -122 | -100 | -51 |
| Free cash flow | 19 | 147 | 252 | -24 | 396 | 243 | 105 | 36 |
56 filings between Jan 1, 2026 and Jul 28, 2026.
Purchases
None
No insider bought shares.
Sales
$2.46M
8 sales by 4 insiders
75% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Lehner Edward J. | — | $1.80M | Jan 22, 2026 |
| Silver Mark S. | — | $311.8K | May 28, 2026 |
| Kannan Molly D | — | $196.7K | Jul 28, 2026 |
| Claussen James J | — | $149.2K | Feb 3, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Jul 28, 2026 | Kannan Molly D CAO & Corporate Controller | Sale 10b5-1 plan | 500 | $16.0K |
| Jul 23, 2026 | Leggio Karen Marie Director | Award | 97 | $0 |
| Jul 23, 2026 | Kumbier Michelle Director | Award | 97 | $0 |
| Jul 23, 2026 | Crawford Bruce T Director | Award | 97 | $0 |
| Jul 23, 2026 | Stovsky Richard P Director | Award | 97 | $0 |
| Jul 23, 2026 | CALHOUN KIRK K Director | Award | 97 | $0 |
| Jul 23, 2026 | CARRUTHERS COURT D Director | Award | 97 | $0 |
| Jul 23, 2026 | Scott Peter Jennings Director | Award | 97 | $0 |
| Jun 11, 2026 | Kannan Molly D CAO & Corporate Controller | Sale 10b5-1 plan | 1,000 | $30.0K |
| May 29, 2026 | Kannan Molly D CAO & Corporate Controller | Sale 10b5-1 plan | 3,000 | $85.3K |
| May 28, 2026 | Silver Mark S. EVP, Chief Legal/Risk Officer | Sale | 11,174 | $311.8K |
| May 13, 2026 | Kannan Molly D CAO & Corporate Controller | Sale | 2,500 | $65.5K |
| Apr 10, 2026 | Scott Peter Jennings Director | Award | 203 | $0 |
| Apr 10, 2026 | CARRUTHERS COURT D Director | Award | 389 | $0 |
| Apr 10, 2026 | Kumbier Michelle Director | Award | 389 | $0 |
| Apr 10, 2026 | Crawford Bruce T Director | Award | 389 | $0 |
| Apr 10, 2026 | Leggio Karen Marie Director | Award | 389 | $0 |
| Apr 10, 2026 | Larson Stephen P. Director | Award | 462 | $0 |
| Apr 10, 2026 | CALHOUN KIRK K Director | Award | 389 | $0 |
| Apr 10, 2026 | Stovsky Richard P Director | Award | 203 | $0 |
| Mar 31, 2026 | Kannan Molly D CAO & Corporate Controller | Tax withheld | 4,691 | $105.5K |
| Mar 31, 2026 | Kannan Molly D CAO & Corporate Controller | Option exercise | 5,863 | $0 |
| Mar 31, 2026 | Kannan Molly D CAO & Corporate Controller | Option exercise | 2,275 | $0 |
| Mar 31, 2026 | Kannan Molly D CAO & Corporate Controller | Option exercise | 2,063 | $0 |
| Mar 31, 2026 | Kannan Molly D CAO & Corporate Controller | Option exercise | 2,110 | $0 |
| Mar 31, 2026 | Claussen James J Executive Vice President & CFO | Option exercise | 11,725 | $0 |
| Mar 31, 2026 | Claussen James J Executive Vice President & CFO | Tax withheld | 10,415 | $234.1K |
| Mar 31, 2026 | Claussen James J Executive Vice President & CFO | Option exercise | 4,125 | $0 |
| Mar 31, 2026 | Silver Mark S. EVP, Chief Legal/Risk Officer | Tax withheld | 7,509 | $168.8K |
| Mar 31, 2026 | Lehner Edward J. CEO | Option exercise | 13,258 | $0 |
| Mar 31, 2026 | Claussen James J Executive Vice President & CFO | Option exercise | 4,219 | $0 |
| Mar 31, 2026 | Claussen James J Executive Vice President & CFO | Option exercise | 4,550 | $0 |
| Mar 31, 2026 | Silver Mark S. EVP, Chief Legal/Risk Officer | Option exercise | 3,412 | $0 |
| Mar 31, 2026 | Silver Mark S. EVP, Chief Legal/Risk Officer | Option exercise | 2,947 | $0 |
| Mar 31, 2026 | Silver Mark S. EVP, Chief Legal/Risk Officer | Option exercise | 3,014 | $0 |
| Mar 31, 2026 | Lehner Edward J. CEO | Tax withheld | 32,000 | $719.4K |
| Mar 31, 2026 | Lehner Edward J. CEO | Option exercise | 36,850 | $0 |
| Mar 31, 2026 | Silver Mark S. EVP, Chief Legal/Risk Officer | Option exercise | 8,375 | $0 |
| Mar 31, 2026 | Lehner Edward J. CEO | Option exercise | 12,513 | $0 |
| Mar 31, 2026 | Lehner Edward J. CEO | Option exercise | 12,965 | $0 |
| Feb 26, 2026 | Lehner Edward J. CEO | Option exercise | 3,750 | $61.9K |
| Feb 26, 2026 | Lehner Edward J. CEO | Option exercise | 5,000 | $82.5K |
| Feb 13, 2026 | Greiff Andrew S EVP | Award | 33,975 | — |
| Feb 13, 2026 | Scott Peter Jennings Director | Award | 8,603 | — |
| Feb 13, 2026 | Stovsky Richard P Director | Award | 17,499 | — |
| Feb 13, 2026 | SIEGAL MICHAEL D Director | Award | 1,825,226 | — |
| Feb 13, 2026 | MARABITO RICHARD T President & COO | Award | 125,292 | — |
| Feb 3, 2026 | Claussen James J Executive Vice President & CFO | Sale 10b5-1 plan | 4,972 | $149.2K |
| Jan 22, 2026 | Lehner Edward J. President & CEO | Sale 10b5-1 plan | 59,001 | $1.77M |
| Jan 21, 2026 | Lehner Edward J. President & CEO | Sale 10b5-1 plan | 1,000 | $30.0K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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