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Ryerson Reports Second Quarter 2021 Results Record results , significant leverage reductions ongoing , legacy liability de - risking continuing , dividend and share repurchase plans established RYERSON NEWS PROVIDED BY Ryerson Holding Corporation → Aug 04 , 2021 , 17:30 ET CHICAGO , Aug. 4 , 2021 / PRNewswire / -- Ryerson Holding Corporation ( NYSE : RYI ) , a leading value - added processor and distributor of industrial metals , today reported results for the second quarter ended June 30 , 2021 . Q2 2021 Highlights : Generated second quarter revenues of $ 1.4 billion Generated earnings per diluted share of $ 2.91 Achieved record Adjusted EBITDA , excluding LIFO of $ 197 million Reduced net debt to $ 563 million and achieved leverage ratio of 1.5x , within long - term target range Net cash conversion cycle of 55 days Warehousing , delivery , general , & administrative expense of 12.6 % of sales Ended the second quarter with liquidity of $ 890 million Announced a quarterly cash dividend of $ 0.08 per share Announced the authorization of a $ 50 million , two - year share repurchase program go