Ryerson’s shares rose 4.5% after the company reported third-quarter shipments above its seasonal guidance and said order activity remains strong into the fourth quarter. Same-store shipments reached their highest quarterly level in more than five years, though tight product availability remains a constraint.
- Net sales were $2.2 billion on shipments of 814,000 tons; volume rose 1.2% sequentially, versus guidance for a 3%–5% decline.
- Same-store shipments increased 1.8% sequentially. Year-to-date North American same-store shipments were up 8.8%, compared with 5% industry growth, according to the Metals Service Center Institute.
- Data center and power generation projects accounted for an estimated 9% of revenue, up from 6% in the second quarter; data center volumes rose approximately 65% versus the first quarter.
- Commercial transportation same-store volumes in North America increased nearly 3.5% quarter over quarter, with management citing healthy Class 8 backlogs supporting production into 2027.
- Management said quote and order activity remained strong in the first month of Q4, but noted tight product availability and exceptionally lean inventories alongside extending mill lead times.
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