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BRIEF-Ryerson provides Q1 2017 guidance and announces conference call to be held on May 4
April 6, 2017 / 9:22 PM / 3 months ago

BRIEF-Ryerson provides Q1 2017 guidance and announces conference call to be held on May 4

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April 6 (Reuters) - Ryerson Holding Corp

* Ryerson provides first quarter 2017 guidance and announces conference call to be held on May 4, 2017

* Ryerson Holding Corp - Anticipates higher revenue for Q1 of 2017 compared to Q4 of 2016

* Ryerson Holding Corp - Expects Q1 2017 net income attributable to Ryerson Holding Corporation in range of $12 million to $15 million

* Ryerson Holding Corp - Adjusted EBITDA, excluding Lifo is expected to be in range of $53 million to $55 million for Q1 of 2017

* Ryerson Holding Corp - Ryerson anticipates higher average selling prices in Q1 of 2017

* Ryerson Holding Corp - Ryerson's end markets as measured in shipments per day showed sequential quarterly growth in nearly all sectors in Q1

* Ryerson Holding Corp - Recent increases in chrome prices, driven by supply tightening, have positively impacted stainless steel prices in Q1 of 2017

* Ryerson Holding Corp - "Current demand conditions appear favorable when viewed against year ago period"

* Q1 earnings per share view $0.26 -- Thomson Reuters I/B/E/S Source text for Eikon: Further company coverage:

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