Acquisitions (Tables)

6 Months Ended

Jun. 30, 2026

Business Combination [Abstract]

Summary of Preliminary Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed as of the Closing Date:


		(In millions)
Cash and cash equivalents		$	32.2
Receivables			200.2
Inventories			454.4
Prepaid expenses and other current assets			6.9
Property, plant, and equipment			332.6
Operating lease assets			37.0
Other intangible assets			30.0
Goodwill			2.9
Deferred charges and other assets			24.9
Total identifiable assets acquired			1,121.1
Accounts payable			(168.4	)
Salaries, wages, and commissions			(30.4	)
Other accrued liabilities			(10.9	)
Operating lease liabilities			(36.6	)
Deferred employee benefits			(23.8	)
Deferred income taxes			(4.4	)
Other noncurrent liabilities			(9.3	)
Total liabilities assumed			(283.8	)
Net identifiable assets acquired		$	837.3

Summary of Unaudited Pro Forma Information

The following unaudited pro forma information represents consolidated results of operations after the effects of certain adjustments, including elimination of intercompany sales, adjustments to amortization and depreciation expense related to the preliminary fair value adjustments, interest expense incurred on new financing, stock compensation expense, one-time transaction costs, and the tax effects of the adjustments for the three and six months ended June 30, 2026 and 2025 as if the Olympic Steel Merger on February 13, 2026 had occurred on January 1, 2025. The supplemental pro forma net income attributable to Ryerson Holding Corporation was adjusted to move the $15.7 million inventory adjustment to cost of material sold recognized in the three and six months ended June 30, 2026 and the one-time transaction costs of $7.8 million from the fourth quarter of 2025, $0.5 million from the three months ended June 30, 2026, and $6.8 million from the six months ended June 30, 2026 into the first quarter of 2025 as these are nonrecurring items. These pro forma results are presented for comparative purposes only and are not indicative of what would have occurred had the Olympic Steel Merger been made as of January 1, 2025, or of any potential results which may occur in the future:


		Pro Forma
		Three Months Ended June 30,								Six Months Ended June 30,
		2026				2025				2026				2025
		(In millions)								(In millions)
Net sales		$	2,006.2			$	1,665.3			$	3,823.3			$	3,293.3
Net income (loss) attributable to Ryerson Holding Corporation			29.0				3.9				20.1				(27.1	)