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Ryerson Holdings (DE:7RY)
FRANKFURT:7RY
Holding DE:7RY?
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-€0.47Last Year’s EPS
€0.7Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: -13.91%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted Ryerson's strategic investments and cost-saving initiatives, which are expected to yield long-term benefits. However, the company is currently facing significant challenges, including declining revenues, margin compression, and high leverage. The overall sentiment is cautious as the company navigates through a prolonged downturn while positioning itself for future growth.Company Guidance
During Ryerson Holding Corporation's Q3 2024 earnings call, guidance was provided for the fourth quarter, indicating expectations for volumes to decrease by 8-10% sequentially compared to Q3. Revenue is projected to be between $1 billion and $1.04 billion, with average selling prices anticipated to range between 1% up and 1% down for the quarter. Adjusted EBITDA, excluding LIFO, is forecasted to be in the range of $10 million to $12 million, with a loss per share estimated between $0.53 and $0.47. The company also expects a $10 million LIFO credit for Q4. Ryerson is focused on completing its current investment cycle and aims for further working capital release, projecting capital expenditures to reduce to approximately $50 million in 2025. The company reiterated its goal of achieving $60 million in annualized cost savings and highlighted improvements in operational efficiencies and productivity as a result of recent investments.Free Cash Flow and Shareholder Returns
Ryerson generated $103 million in free cash flow and returned $42 million to shareholders, with $36 million in share repurchases and $6 million in dividends during Q3 2024.
Investment Cycle and Future Outlook
Despite a downturn, Ryerson has been actively investing in modernization and automation, setting the stage for future growth and improved productivity.
Cost Reduction Achievements
The company achieved significant cost reductions, trending towards $60 million in annualized savings, ahead of the initial $40 million target.
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DE:7RY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:7RY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | €20.44 | €20.05 | -1.94% |
| Jul 30, 2024 | €22.79 | €22.39 | -1.72% |
| Apr 30, 2024 | €27.85 | €22.40 | -19.58% |
| Feb 22, 2024 | €30.59 | €31.17 | +1.90% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ryerson Holdings (DE:7RY) report earnings?
Ryerson Holdings (DE:7RY) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Ryerson Holdings (DE:7RY) earnings time?
Ryerson Holdings (DE:7RY) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Ryerson Holdings stock?
The P/E ratio of Ryerson Holdings is 30.9.
What is DE:7RY EPS forecast?
DE:7RY EPS forecast for the fiscal quarter 2024 (Q4) is -€0.47.
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