Schnitzer Steel Industries, Inc. Reports Earnings Results for the First Quarter Ended November 30, 2019
January 08, 2020 at 07:34 pm
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Schnitzer Steel Industries, Inc. announced earnings results for the first quarter ended November 30, 2019. For the first quarter, the company announced sales was USD 405.584 million compared to USD 564.020 million a year ago. Operating loss was USD 7.910 million compared to operating Income of USD 22.689 million a year ago. Net loss was USD 6.995 million compared to net income of USD 16.188 million a year ago. Basic loss per share from continuing operations was USD 0.26 compared to basic earnings per share from continuing operations of USD 0.59 a year ago. Basic loss per share was USD 0.25 compared to basic earnings per share of USD 0.59 a year ago. Diluted loss per share from continuing operations was USD 0.26 compared to diluted earnings per share from continuing operations of USD 0.57 a year ago. Diluted loss per share was USD 0.25 compared to diluted earnings per share of USD 0.57 a year ago.
Radius Recycling, Inc., formerly Schnitzer Steel Industries, Inc., is a manufacturer and exporter of recycled metal products. The Company also operates a third-party recycling (3PR) service, which includes materials management, reverse logistics, railcar dismantling, and vehicle recycling services. The Company operates scrap recycling facilities in 25 states, western Canada, and Puerto Rico. It has 54 metals recycling facilities, including seven shredding operations. The Companyâs integrated operating platform also includes 50 stores which sell serviceable used auto parts from salvaged vehicles and receive over four million annual retail visits. Its steel manufacturing operations produce finished steel products, including rebar, wire rod, and other specialty products. The Company has seven deep water export facilities located on both the East and West Coasts and in Hawaii and Puerto Rico. The Company's subsidiaries include Auto Parts Group Southwest, LLC, Edman Corp., and others.
RADIUS RECYCLING, INC. 
