Company: ZEUS
Filing Date: 2025-10-28
Form Type: 425
Source: 0001193125-25-253626
Chunk: 8

Company: OLYMPIC STEEL INC
Filing Date: 2025-10-28
Form: 425
Chunk 8
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18.3% in the third quarter of 2025 compared to 19.0% in the second quarter.

Third quarter warehousing, delivery, selling, general, and administrative expenses of $200.5 million represents a decrease of $3.1 million, or 1.5% compared to the second quarter of 2025. Sequential expense decreases were driven by lower variable expenses. Compared to the prior year period, third quarter 2025 operating expenses increased by $3.6 million, or 1.8%, on a nominal basis, but decreased as a percentage of sales by 20 basis points to 17.3%.

Net loss attributable to Ryerson Holding Corporation for the third quarter of 2025 was $14.8 million, or $0.46 per diluted share, compared to net income of $1.9 million, or $0.06 per diluted share, in the previous quarter. Ryerson generated Adjusted EBITDA, excluding LIFO of $40.3 million in the third quarter of 2025 compared to $45.0 million in the second quarter of 2025.

Liquidity & Debt Management

In the third quarter, Ryerson recorded use of cash from operating activities of $8.3 million, driven by the net loss generated. This compares to operating cash generation of $23.8 million in the second quarter. The Company ended the third quarter of 2025 with debt of $500 million and net debt of $470 million, a sequential decrease of $10 million and $9 million, respectively, compared to the second quarter of 2025. Ryerson’s global liquidity, composed of cash and cash equivalents and availability on its revolving credit facilities, was $521 million as of September 30, 2025, compared to $485 million as of June 30, 2025.

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Shareholder Return Activity

Dividends.On October 28, 2025, the Board of Directors declared a quarterly cash dividend of $0.1875 per share of common stock, payable on December 18, 2025, to stockholders of record as of December 4, 2025. During the third quarter of 2025, Ryerson’s quarterly dividend amounted to a cash return of $6.0 million.

Share Repurchases and Authorization.Ryerson did not repurchase shares during the third quarter of 2025. As of September 30, 2025, $38.