Ryerson Reports Fourth Quarter and Full-Year 2020 Results
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Ryerson Inc. (RYI) Misses Q4 EPS by 54c, Revenues Miss
February 24, 2021 5:03 PM ESTRyerson Inc. (NYSE: RYI) reported Q4 EPS of ($0.17), $0.54 worse than the analyst estimate of $0.37. Revenue for the quarter came in at $853 million versus the consensus estimate of $882.8 million.
Q4 2020 Highlights:
Continued successfully executing upon our dual mandate pandemic response plan to safeguard the health and safety of our employees and to improve the liquidity and recovery capacity of the Company.Redeemed $50 million in outstanding Senior Secured Notes due 2028 and ended the year with net debt of $679 million, a decrease of $244 million compared to 2019 enabled by strong cash flow generation from operations of $278... More