Ryerson reported October 28 that third-quarter net income reached $32 million, or 61 cents per diluted share, on revenue of $2.18 billion.
Revenue increased 8.6% from the preceding quarter. The Chicago-based metals processor and distributor said total shipments rose 1.2% and average selling prices increased 7.2% over that period.
Olympic Steel contributed $602 million in quarterly revenue. Excluding that business, Ryerson reported $1.58 billion in comparable sales, up 9.3% from the second quarter. Shipments on that basis increased 1.8%, while average prices rose 7.3%.
The company reported adjusted earnings before interest, taxes, depreciation and amortization, excluding inventory-accounting effects known as LIFO, of $115 million. That supplemental measure differs from net income.
Ryerson said it realized approximately $13 million in quarterly benefits from combining operations, equivalent to a $52 million annualized pace. That annualized figure is not a full year's realized savings.
The company returned $13.6 million to shareholders through dividends and share repurchases during the quarter.
Sources Ryerson results release: https://www.prnewswire.com/news-releases/ryerson-reports-third-quarter-2026-results-302922709.html