Alan Weber's questions to Ryerson Holding Corp (RYI) leadership • Q2 2025
Question
Alan Weber of Robotti & Company asked about the progress on realizing benefits from recent major investments, wanting to know how far along the company is in that process. He also requested an outlook for second-half cash flow and the target for the leverage ratio by year-end.
Answer
President, CEO & Director Edward Lehner described it as being in the 'early stages' of the return cycle, noting that while market conditions have extended the timeline, the investment thesis is intact. He highlighted that transactional tons are up 46,000 year-over-year while contract tons are down, indicating progress. Lehner also stated that the base case is for the company to generate cash through the balance of the year, which should help move the leverage ratio back towards its target range.