2024 Q1 Form 10-K Financial Statement

#000095017024018005 Filed on February 21, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $1.239B $1.112B $5.109B
YoY Change -11.87% -13.65% -19.21%
Cost Of Revenue $1.022B $865.2M $4.087B
YoY Change -10.54% -23.1% -18.48%
Gross Profit $217.6M $247.2M $1.022B
YoY Change -17.64% 51.56% -22.02%
Gross Profit Margin 17.56% 22.22% 20.0%
Selling, General & Admin $216.8M $203.7M $793.5M
YoY Change 11.64% 6.93% 7.93%
% of Gross Profit 99.63% 82.4% 77.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.40M $20.10M $62.50M
YoY Change 27.01% 21.82% 5.93%
% of Gross Profit 8.0% 8.13% 6.12%
Operating Expenses $216.8M $203.7M $793.5M
YoY Change 11.64% 6.93% 7.93%
Operating Profit $800.0K $43.50M $228.1M
YoY Change -98.86% -258.76% -60.58%
Interest Expense -$10.10M -$9.500M -$34.70M
YoY Change 32.89% 35.71% 0.87%
% of Operating Profit -1262.5% -21.84% -15.21%
Other Income/Expense, Net -$200.0K -$500.0K $300.0K
YoY Change -300.0% 66.67% -123.08%
Pretax Income -$9.500M $33.50M $193.7M
YoY Change -115.25% -196.54% -62.96%
Income Tax -$2.100M $7.500M $47.30M
% Of Pretax Income 22.39% 24.42%
Net Earnings -$7.600M $25.80M $145.7M
YoY Change -116.07% -207.05% -62.74%
Net Earnings / Revenue -0.61% 2.32% 2.85%
Basic Earnings Per Share -$0.22 $4.17
Diluted Earnings Per Share -$0.22 $0.74 $4.10
COMMON SHARES
Basic Shares Outstanding 34.02M 34.17M 34.96M
Diluted Shares Outstanding 34.02M 35.57M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $41.90M $54.30M $54.30M
YoY Change -4.12% 38.52% 38.52%
Cash & Equivalents $41.90M $54.30M $54.30M
Short-Term Investments
Other Short-Term Assets $93.70M $78.90M $78.90M
YoY Change 8.07% -11.84% -11.84%
Inventory $841.2M $782.5M $782.5M
Prepaid Expenses
Receivables $548.5M $467.7M $467.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.525B $1.383B $1.383B
YoY Change 4.72% -4.04% -4.04%
LONG-TERM ASSETS
Property, Plant & Equipment $947.7M $589.6M $939.0M
YoY Change 94.84% 28.62% 34.35%
Goodwill $161.0M $157.8M
YoY Change 19.17% 22.14%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $15.10M $15.70M $15.70M
YoY Change 4.86% 14.6% 14.6%
Total Long-Term Assets $1.195B $1.186B $1.186B
YoY Change 26.44% 32.88% 32.88%
TOTAL ASSETS
Total Short-Term Assets $1.525B $1.383B $1.383B
Total Long-Term Assets $1.195B $1.186B $1.186B
Total Assets $2.720B $2.570B $2.570B
YoY Change 13.27% 10.08% 10.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $580.0M $463.4M $463.4M
YoY Change 11.09% 5.7% 5.7%
Accrued Expenses $138.5M $146.7M $146.7M
YoY Change 6.54% -2.85% -2.85%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.700M $8.200M $15.00M
YoY Change -7.5% 41.38% 16.28%
Total Short-Term Liabilities $729.0M $633.9M $633.9M
YoY Change 9.56% 2.37% 2.37%
LONG-TERM LIABILITIES
Long-Term Debt $493.6M $438.9M $438.9M
YoY Change 26.21% 17.6% 17.6%
Other Long-Term Liabilities $459.9M $13.90M $446.8M
YoY Change 3357.89% -2.8% 33.21%
Total Long-Term Liabilities $953.5M $13.90M $885.7M
YoY Change 7069.17% -2.8% 24.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $729.0M $633.9M $633.9M
Total Long-Term Liabilities $953.5M $13.90M $885.7M
Total Liabilities $1.832B $1.655B $1.664B
YoY Change 20.47% 14.83% 14.8%
SHAREHOLDERS EQUITY
Retained Earnings $799.2M $813.2M
YoY Change 8.91% 17.43%
Common Stock $415.5M $412.0M
YoY Change 3.69% 3.49%
Preferred Stock
YoY Change
Treasury Stock (at cost) $184.0M $179.3M
YoY Change 56.06% 193.45%
Treasury Stock Shares
Shareholders Equity $888.5M $905.9M $905.9M
YoY Change
Total Liabilities & Shareholders Equity $2.720B $2.570B $2.570B
YoY Change 13.27% 10.08% 10.08%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$7.600M $25.80M $145.7M
YoY Change -116.07% -207.05% -62.74%
Depreciation, Depletion And Amortization $17.40M $20.10M $62.50M
YoY Change 27.01% 21.82% 5.93%
Cash From Operating Activities -$47.80M $90.10M $365.1M
YoY Change -159.45% -50.55% -27.15%
INVESTING ACTIVITIES
Capital Expenditures $21.80M $25.40M $121.9M
YoY Change -21.58% -25.07% 15.98%
Acquisitions $137.8M
YoY Change 141.75%
Other Investing Activities $1.400M -$89.90M $3.200M
YoY Change -103.6% 153.95% -17.95%
Cash From Investing Activities -$20.40M -$115.3M -$262.1M
YoY Change -69.42% 66.38% 63.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $113.9M
YoY Change 127.8%
Debt Paid & Issued, Net $400.0K $1.700M
YoY Change 0.0% -99.47%
Cash From Financing Activities 56.20M 40.90M -88.30M
YoY Change -667.68% -132.83% -74.78%
NET CHANGE
Cash From Operating Activities -47.80M 90.10M 365.1M
Cash From Investing Activities -20.40M -115.3M -262.1M
Cash From Financing Activities 56.20M 40.90M -88.30M
Net Change In Cash -12.00M 15.70M 14.90M
YoY Change -366.67% -234.19% -225.21%
FREE CASH FLOW
Cash From Operating Activities -$47.80M $90.10M $365.1M
Capital Expenditures $21.80M $25.40M $121.9M
Free Cash Flow -$69.60M $64.70M $243.2M
YoY Change -232.32% -56.37% -38.6%

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<p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">. The preparation of financial statements in conformity with Generally Accepted Accounting Principles (“GAAP”) in the U.S. requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and related notes to the financial statements. Changes in such estimates may affect amounts reported in future periods.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p>
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55400000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
40500000
CY2023Q4 us-gaap Inventory Net
InventoryNet
782500000
CY2022Q4 us-gaap Inventory Net
InventoryNet
798500000
CY2023Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
148000000
CY2022Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
245000000
CY2023Q4 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.88
CY2022Q4 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.90
CY2023Q4 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
7100000
CY2022Q4 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
7400000
CY2023Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
71700000
CY2022Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
66100000
CY2023Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
211700000
CY2022Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
158400000
CY2023Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
647400000
CY2022Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
532000000
CY2023Q4 ryi Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
42200000
CY2022Q4 ryi Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
39000000
CY2023Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
30800000
CY2022Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
19700000
CY2023Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
67700000
CY2022Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
83400000
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1071500000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
898600000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
481900000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
440200000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
589600000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
458400000
CY2023 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
500000
CY2022 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
8000000
CY2023 us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
Many of our real estate leases include one or more options to renew, with renewal terms that can extend the lease term from one to 5 years or more. To determine the expected lease term, we include any noncancelable periods within the lease agreement as well as any periods covered by an option to extend the lease if we are reasonably certain to exercise the option. The equipment leases do not typically include options for renewal but may include options for purchase at the end of the lease. We determine the likelihood of exercising the option for purchase by assessing the option price versus the estimated fair value at the end of the lease term to determine if the option price is advantageous enough that we are reasonably certain to exercise it. The depreciable life of finance lease assets and leasehold improvements are limited by the expected lease term, unless there is a transfer of title or purchase option reasonably certain of exercise.
CY2023 ryi Lessee Operating Lease Renewal Term Five Years Or More
LesseeOperatingLeaseRenewalTermFiveYearsOrMore
5 years or more
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
349400000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
240500000
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
25700000
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
26500000
CY2023Q4 ryi Operating And Finance Lease Right Of Use Asset
OperatingAndFinanceLeaseRightOfUseAsset
375100000
CY2022Q4 ryi Operating And Finance Lease Right Of Use Asset
OperatingAndFinanceLeaseRightOfUseAsset
267000000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
30500000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
25200000
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
6800000
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
7100000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
336800000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
215100000
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
10600000
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
12000000
CY2023Q4 ryi Operating And Finance Lease Liabilities
OperatingAndFinanceLeaseLiabilities
384700000
CY2022Q4 ryi Operating And Finance Lease Liabilities
OperatingAndFinanceLeaseLiabilities
259400000
CY2023 us-gaap Lease Cost
LeaseCost
55200000
CY2022 us-gaap Lease Cost
LeaseCost
47500000
CY2021 us-gaap Lease Cost
LeaseCost
42400000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
41000000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
7100000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
41000000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
5000000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
38500000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
3500000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
37600000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
1800000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
36100000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
1400000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
271700000
CY2023Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
700000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
465900000
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
19500000
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
101200000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
129600000
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
5300000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
3900000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
15800000
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
2100000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
364700000
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
17400000
CY2023Q4 ryi Lessee Operating Lease Option To Extend Lease Terms That Are Reasonably Certain Of Being Exercised
LesseeOperatingLeaseOptionToExtendLeaseTermsThatAreReasonablyCertainOfBeingExercised
0
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
30500000
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
6800000
CY2023Q4 us-gaap Prepaid Rent
PrepaidRent
2600000
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P12Y6M
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y8M12D
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y3M18D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y2M12D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.038
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.036
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.06
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.035
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
40500000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
34300000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
29700000
CY2023 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
800000
CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
800000
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1000000
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
7100000
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
9200000
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
10500000
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
138800000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
61600000
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
157500000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
83800000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
73700000
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
126200000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
75300000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
50900000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
9500000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
9200000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
9200000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
8500000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
6700000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
30600000
CY2023 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
28600000
CY2023Q4 ryi Goodwill Not Deductible For Income Tax Purposes
GoodwillNotDeductibleForIncomeTaxPurposes
12500000
CY2023Q4 us-gaap Business Acquisition Purchase Price Allocation Goodwill Expected Tax Deductible Amount
BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount
16100000
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2023Q4 us-gaap Other Borrowings
OtherBorrowings
2200000
CY2022Q4 us-gaap Other Borrowings
OtherBorrowings
4000000
CY2023Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
4700000
CY2022Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
6000000
CY2023Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
436500000
CY2022Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
367000000
CY2023Q4 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
2200000
CY2022Q4 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
1800000
CY2023Q4 ryi Long Term Debt Noncurrent Including Debt Issuance Cost
LongTermDebtNoncurrentIncludingDebtIssuanceCost
428300000
CY2022Q4 ryi Long Term Debt Noncurrent Including Debt Issuance Cost
LongTermDebtNoncurrentIncludingDebtIssuanceCost
361200000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
8200000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
433000000
CY2023 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
10500000
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
9400000
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
8900000
CY2021Q3 us-gaap Defined Benefit Plan Benefit Obligation Payment For Settlement
DefinedBenefitPlanBenefitObligationPaymentForSettlement
206600000
CY2021Q3 ryi Defined Benefit Plan Pension Settlement Expense Or Accrual For Annuitization
DefinedBenefitPlanPensionSettlementExpenseOrAccrualForAnnuitization
98300000
us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.0242
CY2021Q3 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.028
us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0505
CY2021Q3 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0435
CY2023Q4 ryi Other Deferred Employee Benefit Plans Liability
OtherDeferredEmployeeBenefitPlansLiability
11200000
CY2022Q4 ryi Other Deferred Employee Benefit Plans Liability
OtherDeferredEmployeeBenefitPlansLiability
11400000
CY2023 ryi Gain Loss On Pension Assets Recognized Time Period
GainLossOnPensionAssetsRecognizedTimePeriod
P4Y
CY2023Q4 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
DefinedBenefitPlanWeightedAverageAssetAllocations
1
CY2022Q4 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
DefinedBenefitPlanWeightedAverageAssetAllocations
1
CY2023Q4 us-gaap Defined Benefit Plan Plan Assets Target Allocation Percentage
DefinedBenefitPlanPlanAssetsTargetAllocationPercentage
1
CY2023Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
260300000
CY2022Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
253300000
CY2023 us-gaap Pension Contributions
PensionContributions
8800000
CY2022 us-gaap Pension Contributions
PensionContributions
6800000
CY2021 us-gaap Pension Contributions
PensionContributions
23700000
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13800000
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9100000
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5500000
CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
-3100000
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
-2400000
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
-1300000
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0173
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.739
CY2021 ryi Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Exercise Multiple
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedExerciseMultiple
2.8
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
123700
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
16.5
CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1200
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
16.5
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
1800
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
16.5
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
120700
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
16.5
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y3M
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
2200000
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
35000
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
16.5
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P7Y3M
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
600000
CY2023 ryi Payments To Tax Authorities On Employees Shares Withheld Related To Net Share Settlements
PaymentsToTaxAuthoritiesOnEmployeesSharesWithheldRelatedToNetShareSettlements
3200000
CY2022 ryi Payments To Tax Authorities On Employees Shares Withheld Related To Net Share Settlements
PaymentsToTaxAuthoritiesOnEmployeesSharesWithheldRelatedToNetShareSettlements
2700000
CY2021 ryi Payments To Tax Authorities On Employees Shares Withheld Related To Net Share Settlements
PaymentsToTaxAuthoritiesOnEmployeesSharesWithheldRelatedToNetShareSettlements
0
CY2023Q4 us-gaap Purchase Obligation
PurchaseObligation
20400000
CY2023Q4 ryi Collective Bargaining Arrangement Percentage Of Participants
CollectiveBargainingArrangementPercentageOfParticipants
0.08
CY2023Q4 ryi Collective Bargaining Arrangement Expire In Current Fiscal Year Percentage Of Participants
CollectiveBargainingArrangementExpireInCurrentFiscalYearPercentageOfParticipants
0.03
CY2023 us-gaap Loss Contingency Damages Sought
LossContingencyDamagesSought
(“ROD”) for the site, which provides for a combination of dredging, capping, and enhanced natural recovery that would take approximately thirteen years to construct plus additional time for monitored natural recovery
CY2023 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
1050000000.00
CY2023 ryi Number Of Project Areas Identified
NumberOfProjectAreasIdentified
16
CY2023 ryi Percentage Of Acreage On Remediation
PercentageOfAcreageOnRemediation
1
CY2023 ryi Percentage Of Cost Related To Project Area
PercentageOfCostRelatedToProjectArea
0.0131
CY2023 ryi Mediation Period
MediationPeriod
P6M
CY2023 ryi Consent Negotiation Period Description
ConsentNegotiationPeriodDescription
The EPA has set forth its desire for a single overarching consent decree to be negotiated and signed by all settling parties over the next two to three years.
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2023 ryi Maximum Percentage Of One Customer Sales To Net Sales
MaximumPercentageOfOneCustomerSalesToNetSales
0.08
CY2022 ryi Maximum Percentage Of One Customer Sales To Net Sales
MaximumPercentageOfOneCustomerSalesToNetSales
0.08
CY2021 ryi Maximum Percentage Of One Customer Sales To Net Sales
MaximumPercentageOfOneCustomerSalesToNetSales
0.08
CY2023 ryi Maximum Percentage Of Top Ten Customer Sales To Net Sales
MaximumPercentageOfTopTenCustomerSalesToNetSales
0.16
CY2022 ryi Maximum Percentage Of Top Ten Customer Sales To Net Sales
MaximumPercentageOfTopTenCustomerSalesToNetSales
0.16
CY2021 ryi Maximum Percentage Of Top Ten Customer Sales To Net Sales
MaximumPercentageOfTopTenCustomerSalesToNetSales
0.16
CY2023 us-gaap Revenues
Revenues
5108700000
CY2023 ryi Percentage Of Revenue From Contract With Customers
PercentageOfRevenueFromContractWithCustomers
1
CY2022 us-gaap Revenues
Revenues
6323600000
CY2022 ryi Percentage Of Revenue From Contract With Customers
PercentageOfRevenueFromContractWithCustomers
1
CY2021 us-gaap Revenues
Revenues
5675300000
CY2021 ryi Percentage Of Revenue From Contract With Customers
PercentageOfRevenueFromContractWithCustomers
1
CY2023Q4 us-gaap Noncurrent Assets
NoncurrentAssets
939000000
CY2023 ryi Percentage Of Long Lived Assets
PercentageOfLongLivedAssets
1
CY2022Q4 us-gaap Noncurrent Assets
NoncurrentAssets
698900000
CY2022 ryi Percentage Of Long Lived Assets
PercentageOfLongLivedAssets
1
CY2021Q4 us-gaap Noncurrent Assets
NoncurrentAssets
599400000
CY2021 ryi Percentage Of Long Lived Assets
PercentageOfLongLivedAssets
1
CY2023Q4 us-gaap Derivative Asset After Offset Subject To Master Netting Arrangement
DerivativeAssetAfterOffsetSubjectToMasterNettingArrangement
7900000
CY2023Q4 us-gaap Derivative Liability After Offset Subject To Master Netting Arrangement
DerivativeLiabilityAfterOffsetSubjectToMasterNettingArrangement
3500000
CY2023Q4 ryi Capitalized Contract Liability Net
CapitalizedContractLiabilityNet
100000
CY2022Q4 ryi Capitalized Contract Liability Net
CapitalizedContractLiabilityNet
0
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2023 ryi Percentage Of Sales By Major Product Lines
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