Ryerson Holding Corporation reported a decline in financial performance for the second quarter and first half of 2025, with net sales of $1.17 billion for the three months ending June 30, 2025, down from $1.23 billion in the same period last year. For the first six months of 2025, net sales totaled $2.31 billion, compared to $2.46 billion in the prior year. The company experienced a net income of $1.9 million for the second quarter, a significant decrease from $9.9 million in the same quarter of 2024. The net loss attributable to Ryerson for the first half of 2025 was $3.7 million, contrasting with a profit of $2.3 million in the first half of 2024.
The decrease in revenue and profitability is attributed to lower average selling prices driven by declining metal commodity prices and reduced industrial manufacturing demand. Average selling prices fell by 3.2% year-over-year in the second quarter, with shipments also down by 1.4%. The company noted that its North American volumes decreased by 1.1% in the first half of 2025, while the broader market saw a 2.7% decline, indicating a slight gain in market share for Ryerson.
Operationally, Ryerson continues to focus on strategic initiatives, including the integration of an acquisition made in 2024, which contributed to increased expenses in the second quarter. The company reported a total debt of $510.2 million as of June 30, 2025, up from $467.4 million at the end of 2024, primarily due to increased working capital requirements. Ryerson's liquidity, defined as cash and cash equivalents plus available credit, improved to $485 million from $451 million at the end of the previous year.
Looking ahead, Ryerson's management remains cautious due to ongoing uncertainties in the market, including fluctuating commodity prices and potential impacts from recent tariff policies. The company is evaluating the implications of the recently enacted One Big Beautiful Bill Act, which may affect its deferred tax assets and liabilities. Despite the challenges, Ryerson aims to leverage its operational efficiencies and market position to navigate the current economic landscape.
About Ryerson Holding Corp
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