Ryerson Expects Q4 Customer Shipments To Seasonally And Counter-Cyclically Decrease 8% To 10% Q/Q, EPS Of $(0.53) - $(0.47)
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Ryerson anticipates a decrease in Q4 customer shipments by 8% to 10% quarter-over-quarter, with expected EPS ranging from $(0.53) to $(0.47).
October 29, 2024 | 8:40 pm
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NEGATIVE IMPACT
Ryerson projects a significant decrease in Q4 shipments and negative EPS, indicating potential financial challenges.
The anticipated decrease in shipments and negative EPS suggest financial difficulties, likely leading to a negative short-term impact on Ryerson's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100