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Ryerson: 1Q Earnings Snapshot

CHICAGO (AP) _ Ryerson Holding Corp. (RYI) on Wednesday reported first-quarter net income of $29.5 million.

On a per-share basis, the Chicago-based company said it had net income of 78 cents. Earnings, adjusted for one-time gains and costs, were 79 cents per share.

The metal products distributor and processor posted revenue of $1.23 billion in the period.

Ryerson shares have climbed 41% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.94, a decrease of almost 9% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RYI at https://www.zacks.com/ap/RYI