Ryerson completes Olympic Steel acquisition, revenue up 38% as debt doubles to $908M

Filed May 6, 2026 · Period ending March 31, 2026 · Compared to 10-Q Apr 30, 2025 · ~2 min read

Key Changes

• high

  Olympic Steel acquisition closed Feb 13, 2026, adding 19.5M shares issued and $270M debt paydown; combined entity targets $120M annual synergies by early 2028 through procurement scale and network optimization.

  MD&A: Olympic Steel acquisition verify on EDGAR →
• high

  Total debt jumped to $908M from $463M at year-end 2025, driven by Olympic Steel integration and working capital needs; net debt increased to $883M from $436M while liquidity improved to $618M.

  MD&A: debt and liquidity position verify on EDGAR →
• high

  Credit facility maturity extended from 2027 to 2031 with borrowings increased to $915M; expected interest payments rise to $46M next 12 months (from $28M) and $177M thereafter (from $36M).

  MD&A: credit facility amendment verify on EDGAR →