Ryerson Holding Corporation Reports $14.8 Million Net Loss in Q3 2025

Ryerson Holding Corporation reported its financial results for the third quarter and the first nine months of 2025, revealing a net loss of $14.8 million for the quarter, compared to a loss of $6.6 million in the same period last year. For the nine-month period, the net loss attributable to Ryerson was $18.5 million, a significant increase from a loss of $4.3 million in the prior year. The company's net sales for the third quarter reached $1.161 billion, a slight increase from $1.127 billion in the same quarter of 2024, while year-to-date sales totaled $3.467 billion, down from $3.591 billion in the previous year.

The company's cost of materials sold for the third quarter was $962 million, up from $925 million a year earlier, contributing to a gross profit of $199.5 million, down from $202 million in the same quarter of 2024. Operating expenses also increased, totaling $200.5 million compared to $196.9 million in the prior year. The increase in costs was attributed to higher warehousing, delivery, and administrative expenses, which rose due to increased delivery costs and salaries. Ryerson's operating loss for the quarter was $1 million, a decline from an operating profit of $5.3 million in the same period last year.

In terms of operational metrics, Ryerson's average selling prices increased by 2.6% in the third quarter compared to the previous quarter, although shipments declined by 3.2%. The company reported a slight decrease in tons sold for the nine-month period, with a notable decline in aluminum flat and plate products, while stainless long and aluminum long products saw increases. The company maintained a strong liquidity position, with cash and cash equivalents of $29.8 million and total liquidity of $521 million as of September 30, 2025.

Looking ahead, Ryerson announced a definitive merger agreement to acquire Olympic Steel, Inc., which is subject to customary closing conditions and stockholder approvals. The acquisition is expected to enhance Ryerson's market position and operational capabilities. The company also noted that it will continue to monitor market conditions, including the impact of tariffs and commodity price fluctuations, which have introduced uncertainty into its supply chain and financial outlook. Ryerson's management remains focused on optimizing operations and managing costs to navigate the current economic environment.