Segment Information (Tables)

9 Months Ended

Sep. 30, 2025

Summary of Segment Revenue, Significant Expenses Regularly Reviewed By CODM, and Other Segment Items

The Company’s segment revenue, significant expenses regularly reviewed by the CODM, and other segment items are as follows:


	Three Months Ended September 30,						Nine Months Ended September 30,
	2025			2024			2025			2024
	(Dollars in millions)						(Dollars in millions)
Net sales	$	1,161.5		$	1,126.6		$	3,466.5		$	3,591.3
Less 1 :
Cost of materials sold, excluding LIFO (income) expense		948.8			942.7			2,820.0			2,975.3
LIFO (income) expense		13.2			(18.1	)		33.2			(27.1	)
Delivery expense		31.4			28.2			93.2			86.0
Compensation and benefits expense		91.2			86.4			280.7			272.2
Selling, general, and administrative expense		16.3			17.0			53.1			55.1
Operating expense - fixed		18.3			17.9			57.0			54.6
Operating expense - variable		15.2			14.1			45.5			47.1
Reorganization expense 2		7.3			15.8			16.3			48.6
Depreciation and amortization expense		20.2			19.5			58.8			54.9
Interest and other expense on debt		10.1			11.5			29.4			32.9
Other segment items 3		(0.2	)		(2.0	)		2.8			(5.7	)
Loss before income taxes		(10.3	)		(6.4	)		(23.5	)		(2.6	)
Provision (benefit) for income taxes		4.1			(0.4	)		(5.9	)		0.5
Net loss		(14.4	)		(6.0	)		(17.6	)		(3.1	)
Less: Net income attributable to noncontrolling interest		0.4			0.6			0.9			1.2
Net loss attributable to Ryerson Holding Corporation	$	(14.8	)	$	(6.6	)	$	(18.5	)	$	(4.3	)

(1) The significant expense categories and amounts align with the information that is regularly provided to the CODM.

(2) Reorganization expense is used by management to capture excess costs associated with one-time events or with implementing significant Company projects or changes and allows the CODM to assess performance without the impact of these items. It is not a GAAP financial measure. Expenses excluding reorganization expense should not be used as a substitute for total expenses reported on our Condensed Consolidated Statements of Comprehensive Income.

(3) Other segment items include foreign exchange gain and loss, pension settlement and curtailment gains and losses, pension and postretirement benefit costs other than service costs, gains or losses on investments, purchase consideration, gains on insurance settlements, impairment charges on assets, and discounts on accounts receivable factoring.

Ryerson Holding Corp 10-Q