Ryerson Holding Corp (NYSE:RYI) Q2 2025 Earnings Fall Short, Shares Drop 6%

Ryerson Holding Corp (NYSE:RYI) Misses Analyst Estimates in Q2 2025, Shares Decline

Ryerson Holding Corp (NYSE:RYI) reported its second-quarter 2025 earnings, falling short of analyst expectations on both revenue and earnings per share (EPS). The market reaction was negative, with shares dropping nearly 6% in after-hours trading, reflecting investor disappointment.

Key Earnings Metrics vs. Estimates

• Revenue: Reported at $1.17 billion, missing the consensus estimate of $1.19 billion.
• EPS: Came in at $0.08, significantly below the estimated $0.19.
• Adjusted EBITDA (excluding LIFO): The company noted that this metric landed at the top of its guidance range, suggesting some operational resilience despite the earnings miss.

The revenue shortfall indicates weaker-than-expected demand or pricing pressures in Ryerson’s core industrial metals distribution business. The substantial EPS miss suggests either higher operating costs, lower margins, or both.

Market Reaction

The immediate after-hours decline of nearly 6% signals that investors were anticipating stronger results. Over the past month, Ryerson’s stock had been relatively flat (+1.07%), but the post-earnings drop erases recent stability. The negative sentiment may persist if analysts revise future estimates downward.

Press Release Highlights

• Operational Progress: Ryerson emphasized the ongoing operationalization of capital expenditure projects, which it believes will support future efficiency and market share gains.
• Market Share Growth: The company highlighted continued expansion in its transactional business, suggesting competitive positioning despite macroeconomic challenges.
• Adjusted EBITDA Performance: While EPS disappointed, management pointed to Adjusted EBITDA (excluding LIFO) as a bright spot, meeting the high end of guidance.

Looking Ahead

Analysts currently project the following for Ryerson:

• Q3 2025 Revenue Estimate: $1.16 billion
• Q3 2025 EPS Estimate: $0.19
• Full-Year 2025 Revenue Estimate: $4.64 billion
• Full-Year 2025 EPS Estimate: $0.44

The company did not provide explicit forward guidance in its press release, leaving investors to rely on analyst expectations. Given the Q2 miss, market participants will likely scrutinize whether Ryerson can meet or exceed these forecasts in the coming quarters.

For a deeper dive into Ryerson’s earnings and future estimates, visit the earnings and estimates page.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before making any decisions.