| Stockholders' Equity, Accumulated Other Comprehensive Income (Loss), and Noncontrolling Interest |
NOTE 11: STOCKHOLDERS’ EQUITY, ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS), AND NONCONTROLLING INTEREST The following table details changes in Ryerson Holding Corporation Stockholders’ Equity accounts for the three months and six months ended June 30, 2025:
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|
|
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|
|
|
|
|
|
|
|
Accumulated Other
Comprehensive Income (Loss) |
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|
|
|
|
|
|
Common
Stock |
|
|
Treasury
Stock |
|
|
Capital in
Excess of
Par Value |
|
|
Retained Earnings |
|
|
Foreign
Currency
Translation |
|
|
Benefit Plan
Liabilities |
|
|
Non-controlling
Interest |
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Total
Equity |
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|
Shares |
|
|
Dollars |
|
|
Shares |
|
|
Dollars |
|
|
Dollars |
|
|
Dollars |
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|
Dollars |
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|
Dollars |
|
|
Dollars |
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|
Dollars |
|
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|
(In millions, except shares in thousands) |
|
Balance at January 1, 2025 |
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|
39,899 |
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|
$ |
0.4 |
|
|
|
(8,051 |
) |
|
$ |
(234.4 |
) |
|
$ |
423.5 |
|
|
$ |
779.6 |
|
|
$ |
(67.5 |
) |
|
$ |
(86.3 |
) |
|
$ |
9.2 |
|
|
$ |
824.5 |
|
Net income (loss) |
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— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(5.6 |
) |
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|
— |
|
|
|
— |
|
|
|
0.3 |
|
|
|
(5.3 |
) |
Foreign currency translation |
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|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
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|
0.3 |
|
|
|
— |
|
|
|
(0.1 |
) |
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|
0.2 |
|
Changes in defined benefit pension and other post-retirement benefit plans, net of tax of $0.2 |
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|
— |
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|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(1.0 |
) |
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— |
|
|
|
(1.0 |
) |
Stock-based compensation expense, net |
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|
459 |
|
|
|
— |
|
|
|
(113 |
) |
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|
(2.6 |
) |
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|
3.3 |
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|
— |
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|
— |
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|
— |
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|
— |
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|
|
0.7 |
|
Cash dividends and dividend equivalents |
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— |
|
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|
— |
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|
— |
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— |
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0.3 |
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(6.1 |
) |
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— |
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— |
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|
— |
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|
(5.8 |
) |
Balance at March 31, 2025 |
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40,358 |
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|
$ |
0.4 |
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|
(8,164 |
) |
|
$ |
(237.0 |
) |
|
$ |
427.1 |
|
|
$ |
767.9 |
|
|
$ |
(67.2 |
) |
|
$ |
(87.3 |
) |
|
$ |
9.4 |
|
|
$ |
813.3 |
|
Net income |
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— |
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|
— |
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— |
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|
|
— |
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|
— |
|
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|
1.9 |
|
|
|
— |
|
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|
— |
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|
0.2 |
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|
2.1 |
|
Foreign currency translation |
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— |
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|
— |
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|
— |
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|
— |
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|
— |
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|
— |
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8.5 |
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|
— |
|
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|
0.1 |
|
|
|
8.6 |
|
Changes in defined benefit pension and other post-retirement benefit plans, net of tax of $0.6 |
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|
— |
|
|
|
— |
|
|
|
— |
|
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|
— |
|
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|
— |
|
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|
— |
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|
— |
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|
(0.2 |
) |
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|
— |
|
|
|
(0.2 |
) |
Stock-based compensation expense, net |
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|
2 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3.5 |
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|
— |
|
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|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3.5 |
|
Cash dividends and dividend equivalents |
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|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(6.1 |
) |
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|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(6.1 |
) |
Balance at June 30, 2025 |
|
|
40,360 |
|
|
$ |
0.4 |
|
|
|
(8,164 |
) |
|
$ |
(237.0 |
) |
|
$ |
430.6 |
|
|
$ |
763.7 |
|
|
$ |
(58.7 |
) |
|
$ |
(87.5 |
) |
|
$ |
9.7 |
|
|
$ |
821.2 |
|
The following table details changes in Ryerson Holding Corporation Stockholders’ Equity accounts for the three months and six months ended June 30, 2024:
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Accumulated Other
Comprehensive Income (Loss) |
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|
|
|
|
|
|
Common
Stock |
|
|
Treasury
Stock |
|
|
Capital in
Excess of
Par Value |
|
|
Retained Earnings |
|
|
Foreign
Currency
Translation |
|
|
Benefit Plan
Liabilities |
|
|
Non-controlling
Interest |
|
|
Total
Equity |
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|
|
Shares |
|
|
Dollars |
|
|
Shares |
|
|
Dollars |
|
|
Dollars |
|
|
Dollars |
|
|
Dollars |
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|
Dollars |
|
|
Dollars |
|
|
Dollars |
|
|
|
(In millions, except shares in thousands) |
|
Balance at January 1, 2024 |
|
|
39,451 |
|
|
$ |
0.4 |
|
|
|
(5,413 |
) |
|
$ |
(179.3 |
) |
|
$ |
411.6 |
|
|
$ |
813.2 |
|
|
$ |
(52.2 |
) |
|
$ |
(87.8 |
) |
|
$ |
8.6 |
|
|
$ |
914.5 |
|
Net income (loss) |
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|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(7.6 |
) |
|
|
— |
|
|
|
— |
|
|
|
0.2 |
|
|
|
(7.4 |
) |
Foreign currency translation |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(3.3 |
) |
|
|
— |
|
|
|
(0.1 |
) |
|
|
(3.4 |
) |
Changes in defined benefit pension and other post-retirement benefit plans, net of tax of $0.7 |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
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|
— |
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|
1.1 |
|
|
|
— |
|
|
|
1.1 |
|
Share repurchases, net of tax of zero |
|
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|
|
|
— |
|
|
|
(31 |
) |
|
|
(1.0 |
) |
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|
— |
|
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|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(1.0 |
) |
Stock-based compensation expense, net |
|
|
436 |
|
|
|
— |
|
|
|
(111 |
) |
|
|
(3.7 |
) |
|
|
3.3 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(0.4 |
) |
Cash dividends and dividend equivalents |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
0.2 |
|
|
|
(6.4 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(6.2 |
) |
Balance at March 31, 2024 |
|
|
39,887 |
|
|
$ |
0.4 |
|
|
|
(5,555 |
) |
|
$ |
(184.0 |
) |
|
$ |
415.1 |
|
|
$ |
799.2 |
|
|
$ |
(55.5 |
) |
|
$ |
(86.7 |
) |
|
$ |
8.7 |
|
|
$ |
897.2 |
|
Net income |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
9.9 |
|
|
|
— |
|
|
|
— |
|
|
|
0.4 |
|
|
|
10.3 |
|
Foreign currency translation |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(3.1 |
) |
|
|
— |
|
|
|
— |
|
|
|
(3.1 |
) |
Changes in defined benefit pension and other post-retirement benefit plans, net of tax of $0.4 |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(1.0 |
) |
|
|
— |
|
|
|
(1.0 |
) |
Share repurchases, net of tax $0.1 |
|
|
|
|
|
— |
|
|
|
(647 |
) |
|
|
(14.1 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(14.1 |
) |
Stock-based compensation expense, net |
|
|
1 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
4.1 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
4.1 |
|
Issuance of common stock |
|
|
6 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
0.1 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
0.1 |
|
Dividends declared to non-controlling interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(0.6 |
) |
|
|
(0.6 |
) |
Cash dividends and dividend equivalents |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(6.5 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(6.5 |
) |
Balance at June 30, 2024 |
|
|
39,894 |
|
|
$ |
0.4 |
|
|
|
(6,202 |
) |
|
$ |
(198.1 |
) |
|
$ |
419.3 |
|
|
$ |
802.6 |
|
|
$ |
(58.6 |
) |
|
$ |
(87.7 |
) |
|
$ |
8.5 |
|
|
$ |
886.4 |
|
The following table details changes in accumulated other comprehensive income (loss), net of tax, for the six months ended June 30, 2025:
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|
|
|
|
|
|
|
|
|
|
Changes in Accumulated Other Comprehensive
Income (Loss) by Component, net of tax |
|
|
Foreign
Currency
Translation |
|
|
Benefit
Plan
Liabilities |
|
|
|
|
(In millions) |
Balance at January 1, 2025 |
|
$ |
(67.5 |
) |
|
$ |
(86.3 |
) |
|
Other comprehensive income before reclassifications |
|
|
8.8 |
|
|
|
0.1 |
|
|
Amounts reclassified from accumulated other comprehensive loss into net loss |
|
|
— |
|
|
|
(1.3 |
) |
|
Net current-period other comprehensive income (loss) |
|
|
8.8 |
|
|
|
(1.2 |
) |
|
Balance at June 30, 2025 |
|
$ |
(58.7 |
) |
|
$ |
(87.5 |
) |
|
The following table details the reclassifications out of accumulated other comprehensive income (loss) for the three-month and six-month periods ended June 30, 2025:
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|
|
|
|
|
|
|
|
|
|
Reclassifications Out of Accumulated Other Comprehensive Income (Loss) |
|
|
Amount reclassified from Accumulated Other Comprehensive Income (Loss) |
|
|
|
|
Three Months Ended |
|
|
Six Months Ended |
|
Affected line item in the Condensed Consolidated Statements of Comprehensive Income (Loss) |
Details about Accumulated Other |
|
June 30, 2025 |
|
|
Comprehensive Income (Loss) Components |
|
(In millions) |
|
|
Amortization of defined benefit pension and other post-retirement benefit plan items |
|
|
|
|
|
|
|
Actuarial gain |
|
$ |
(0.6 |
) |
|
$ |
(1.2 |
) |
Other income and (expense), net |
Pension settlement gain |
|
|
(0.3 |
) |
|
|
(0.5 |
) |
Other income and (expense), net |
Total before tax |
|
|
(0.9 |
) |
|
|
(1.7 |
) |
|
Tax expense |
|
|
0.6 |
|
|
|
0.4 |
|
|
Net of tax |
|
$ |
(0.3 |
) |
|
$ |
(1.3 |
) |
|
|
|
|
|
|
|
|
|
|
|
Reclassifications Out of Accumulated Other Comprehensive Income (Loss) |
|
|
Amount reclassified from Accumulated Other Comprehensive Income (Loss) |
|
|
|
|
Three Months Ended |
|
|
Six Months Ended |
|
Affected line item in the Condensed Consolidated Statements of Comprehensive Income |
Details about Accumulated Other |
|
June 30, 2024 |
|
|
Comprehensive Income (Loss) Components |
|
(In millions) |
|
|
Amortization of defined benefit pension and other post-retirement benefit plan items |
|
|
|
|
|
|
|
Actuarial gain |
|
$ |
(0.7 |
) |
|
$ |
(1.5 |
) |
Other income and (expense), net |
Pension settlement loss (gain) |
|
$ |
(0.6 |
) |
|
$ |
1.1 |
|
Other income and (expense), net |
Curtailment gain |
|
|
— |
|
|
|
(0.3 |
) |
Other income and (expense), net |
Total before tax |
|
|
(1.3 |
) |
|
|
(0.7 |
) |
|
Tax expense |
|
|
0.3 |
|
|
|
— |
|
|
Net of tax |
|
$ |
(1.0 |
) |
|
$ |
(0.7 |
) |
|
|