Ryerson net income rises to $15.5 million in Q2 FY26; net sales climb 71.6% to $2.01 billion

• Ryerson Holding posted net income attributable to shareholders of $15.5 million, swinging from profit of USD 1.9 million a year earlier.
• Net sales more than doubled to USD 2.01 billion, reflecting the Feb. 13 Olympic Steel merger and higher metal prices.
• Operating profit climbed to USD 34.4 million from USD 5.8 million, while gross margin narrowed 0.2 percentage points to 17.7%.
• Cash used in operating activities widened to USD 157.8 million from USD 2.4 million on higher receivables and inventories.
• The combined business targets about USD 120 million of annual synergies by early 2028 through procurement scale, efficiency gains, and network optimization.

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