 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 in millions, except tons in thousands, average selling prices and earnings per share Financial Highlights: Q2 2021 Q2 2020 Q1 2021 YoY QoQ 1H 2021 1H 2020 YoY Tons Shipped 559 462 543 21.0 2.9 1,102 1,028 7.2 Revenues 1,419.0 771.8 1,147.3 83.9 23.7 2,566.3 1,782.1 44.0 Average selling prices 2,538 1,671 2,113 51.9 20.1 2,329 1,734 34.3 Gross Margin 18.1 15.0 17.2 310 bps 90 bps 17.7 17.5 20 bps Gross Margin, excl. 