| Ticker: RT | 2621 West 15th Place | |
| Exchange: New York Stock Exchange | Chicago, Illinois 60608 | |
| Industry: Wholesale | (312) 762-2121 |
| Type of Shares: | Class A Common Shares | Filing Date: | 5/7/96 | |
| U.S. Shares: | 4,176,000 | Offer Date: | 6/20/96 | |
| Non-U.S. Shares: | 1,044,000 | Filing Range: | $16.00 - $19.00 | |
| Primary Shares: | 4,176,000 | Offer Price: | $16.00 | |
| Secondary Shares: | 1,044,000 | Gross Spread: | $1.06 | |
| Offering Amount: | $91,350,000 | Selling: | $0.64 | |
| Expenses: | $900,000 | Reallowance: | $0.10 | |
| Shares Out After: | 39,220,000 | |||
| Spin out parent firm: | Inland Steel Industries, Inc. | |||
| Manager | Tier | Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-1172 |
| CS First Boston | Co-manager | (212) 909-3312 |
| Auditor: Price Waterhouse | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $2,450.10 | $625.30 | $652.30 | Assets: | $1,010.90 |
| Net Income: | $88.50 | $22.40 | $24.50 | Liabilities: | $320.00 |
| EPS: | $1.86 | $0.47 | $0.53 | Equity: | $690.90 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The Company, through its wholly-owned operating subsidiaries Joseph T. Ryerson & Son, Inc. ("Ryerson") and J. M. Tull Metals Company, Inc. ("Tull"), is a leading general line metals service center and processor of metals. The Company believes that it is the largest metals service center in the United States based on sales revenue, with 1995 sales of $2.5 billion and a current U.S. market share of approximately 9%, more than twice the U.S. market share of its nearest competitor, based upon the Company's analysis of Steel Service Center Institute (the "SSCI") data. The Company distributes and processes metals and other materials throughout the continental United States and is among the largest purchasers of steel in the United States. With 52 interconnected facilities that place it within several hundred miles of most of its customers, the Company is able to be responsive to specific customer requests and is generally able to make deliveries of stock items within 24 hours of receipt of a customer's order. Utilizing this network of facilities and the Company's regionalized management systems, the Company believes it can be responsive to individual customers while providing a broad range of products and services. |
| Use of Proceeds |
| The proceeds from the offering will be used to be paid to Inland Steel Industries, Inc. as a cash dividend. |
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