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Ryerson Sees Q3 Customer Shipments To Decrease 2%-4%, QoQ; Q3 EPS $0.01-$0.10 Vs $0.13 Est.; Revenue $1.12B-$1.16B Vs $1.23B Est.

Benzinga ·  Jul 31 05:14

Outlook Commentary

For the third quarter of 2024, Ryerson expects customer shipments to decrease 2% to 4%, quarter-over-quarter. The Company anticipates third-quarter net sales to be in the range of $1.12 billion to $1.16 billion, with average selling prices decreasing 3% to 5%. LIFO income in the third quarter of 2024 is expected to be $12 million. We expect adjusted EBITDA, excluding LIFO in the range of $21 million to $25 million and earnings per diluted share in the range of $0.01 to $0.10.

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