Alan Weber's questions to Ryerson Holding (RYI) leadership • Q2 2025
Question
Alan Weber from Robotti & Company asked for an assessment of the progress on realizing benefits from recent capital investments, particularly given current market conditions. He also inquired about expectations for second-half cash flow generation and the company's target for its leverage ratio by the end of the year.
Answer
President, CEO & Director, Edward Lehner, responded that while market conditions have extended the return timeline, the investment thesis is intact and they are in the early stages of realizing benefits, citing a significant year-over-year increase in transactional tons as evidence of progress. Regarding cash flow, he stated the base case is to generate cash in the second half, though this depends on market dynamics. He did not provide a specific year-end leverage target.