Ryerson Holding Corporation

Good day and welcome to the Ryerson Holding Corporation's third quarter 2026 conference call. Today's conference is being recorded. There will be a question and answer session after the prepared remarks. If you would like to ask a question, please press star one on your telephone keypad at any time. Again, that is star one to ask a question. At this time, I'd like to turn the conference over to Justine Carlson. Please go ahead, ma'am.

Good morning and thank you all for joining Ryerson Holding Corporation's third quarter 2026 earnings call. On our call we have Eddie Lehner, Ryerson's Chief Executive Officer, Rick Marabito, our President and Chief Operating Officer, Jim Claussen, our Chief Financial Officer, and Molly Kannan, our Chief Accounting Officer and Corporate Controller. Rich Manson, Ryerson's Senior Vice President of Finance and Chief Financial Officer of Olympic Steel, Andrew Greiff, Executive Vice President of Ryerson and President of Olympic Steel, and Trent McFarland, our Senior Vice President of Supply Chain and Ryerson Process Metals, will be joining us for Q&A. A recording of this call will be posted on our investor relations website at ir.ryerson.com. Please read the forward-looking statement disclosures included in our earnings release issued yesterday and note that it applies to all statements made during this call. In addition, our remarks today refer to several non-GAAP measures. Reconciliations of these adjusted numbers are also included in our earnings release. I will now turn the call over to Eddie.

Thank you, Justine. Good morning. And thank you all for joining us. Ryerson delivered its strongest quarter of the year, exceeding guidance across the board while eclipsing its first year synergy run rate target ahead of schedule in what continues to be a high friction industrial economy. These achievements reflect our teammates' commitment, passion, and ability to execute together as one unified organization, building toward the industry's best customer and stakeholder experience. Our results were supported by improved market demand, which allowed us to give the CapEx investments we've made over the past several years a good run around the track under better overall industry conditions. As we move through the first month of the fourth quarter, quote and order activity remains strong, caring for the momentum we experienced in Q3 when daily shipment volumes and invoice counts increased each month of the quarter. We played the score sheet well in Q3, hitting the high notes as we gained market share outperformed typical industry seasonality, increased net book value per share, managed asset efficiency at a high level, and bought back $3.8 million in shares below book value. When looking at the bigger and brighter picture, we see the continuing validation of the timing and substance of Ryerson's merger with Olympic Steel this past February. Our collaborative effort, teamwork, resourcefulness, cognitive scale, and playmaking ability is really shining through as we see the tremendous potential available to us as our YZ. With that, I will turn the call over to Rick to discuss market conditions and how we are executing operationally across the business.