-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FRSC0IV75RW8lsvvqwlLHsEL8VdTEgBjFMzAaYYpNtRMEIe4/QPXOId6uZHws37f y+bOQsWUGf8l7FeLIsNDiQ== /in/edgar/work/20000918/0000950131-00-005373/0000950131-00-005373.txt : 20000923 0000950131-00-005373.hdr.sgml : 20000923 ACCESSION NUMBER: 0000950131-00-005373 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000915 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000918 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RYERSON TULL INC /DE/ CENTRAL INDEX KEY: 0000790528 STANDARD INDUSTRIAL CLASSIFICATION: [3312 ] IRS NUMBER: 363425828 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-09117 FILM NUMBER: 724304 BUSINESS ADDRESS: STREET 1: 2621 WEST 15TH PLACE CITY: CHICAGO STATE: IL ZIP: 60608 BUSINESS PHONE: 7737622121 MAIL ADDRESS: STREET 1: 2621 WEST 15TH PLACE CITY: CHICAGO STATE: IL ZIP: 60608 FORMER COMPANY: FORMER CONFORMED NAME: INLAND STEEL INDUSTRIES INC /DE/ DATE OF NAME CHANGE: 19920703 8-K 1 0001.txt FORM 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 September 15, 2000 (Date of earliest event reported) RYERSON TULL, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 1-9117 36-3425828 (State or Other (Commission (IRS Employer Jurisdiction of File Number) Identification Incorporation) Number) 2621 West 15th Place, Chicago, Illinois 60608 (Address of Principal Offices, including zip code) (773) 762-2121 (Registrant's telephone number, including area code) Item 5. Other Events ------------ The Press Release dated September 15, 2000 attached hereto as an exhibit is incorporated herein by reference in answer to this Item 5. Item 7. Exhibits -------- 99.1 Press Release, dated September 15, 2000 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. RYERSON TULL, INC. Dated: September 15, 2000 By: /s/ Joyce E. Mims ------------------------ Name: Joyce E. Mims Title: Vice President, General Counsel and Secretary EXHIBIT INDEX Exhibit Number Description - ------ ----------- 99.1 Press Release, dated September 15, 2000. EX-99.1 2 0002.txt PRESS RELEASE DATED SEPTEMBER 15, 2000 [LOGO] 2621 West 15th Place Chicago, IL 60609 --------------------------- For additional information: Andrew J. Peyton NEWS RELEASE Director of Investor Relations and E-Commerce 773-788-3206 RYERSON TULL REVISES SECOND HALF OUTLOOK Chicago, Illinois - September 15, 2000 - Ryerson Tull, Inc. (NYSE: RT) today announced that it expects shipments and gross margins in the third quarter of 2000 to decline from second quarter levels. As a result, the company now expects a loss of approximately $0.15 per share in the third quarter. Earnings per share for the second quarter of 2000 and the third quarter of 1999 were $0.12 and $0.38, respectively, before unusual items. As anticipated in the company's second quarter earnings release (July 18, 2000), volume has been hurt by a continued slowdown in the metal-using sector of the economy. In addition, price volatility in the metals industry is negatively impacting gross profit per ton more than previously expected. The company expects volume and profitability to decline further in the fourth quarter, due primarily to typical seasonality. Current market conditions further validate the company's decision to implement various profit enhancement programs, its corporate reorganization, and its strategic sourcing initiative. "The restructuring of our organization (announced June 6, 2000) is making us more efficient and responsive to market volatility," said Neil S. Novich, Chairman, President and CEO of Ryerson Tull. "In addition, we expect to have fully implemented the reorganization by year-end 2000, yielding annual cost savings of approximately $30 million. We remain committed to our strategic direction, and believe our size will enable us to leverage our buying power and our investment in advanced technology and processing capabilities." Third quarter earnings will be announced on Wednesday, October 18, with a conference call to discuss results on Thursday, October 19, which will be simulcast on the company's Website, www.ryersontull.com. Ryerson Tull, Inc. is North America's leading distributor and processor of metals, with annual revenues of $2.8 billion. The company has a network of nearly 70 facilities across the United States and in Canada. It also has investments in service center operations in Mexico and Asia, and maintains metal trading capabilities around the world. Business Risks: Statements about future sales volumes, gross margins, expected third and fourth quarter results, and cost savings due to the restructuring are forward-looking statements and involve risks and uncertainties in the general economy and business conditions specific to metals-consuming industries, the direction of metal prices, the company's ability to pass through price increases to customers, the company's ability to maintain market share, the company's success achieving economies of scale related to centralization of support functions, and market competition and cost factors, that could cause actual results to differ materially from the forward-looking statements. -----END PRIVACY-ENHANCED MESSAGE-----