Radius Recycling Reports First Quarter Fiscal 2024 Financial Results [Yahoo! Finance]
Radius Recycling, Inc. - Class A (RDUS)
Last radius recycling, inc. - class a earnings: 2/27 07:30 am
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Source: Yahoo! Finance
PORTLAND, Ore., January 04, 2024 BUSINESS WIRE )--Schnitzer Steel Industries, Inc. dba Radius Recycling (NASDAQ: RDUS) today reported results for the first quarter of fiscal 2024 ended November 30, 2023. The Company reported a loss per share from continuing operations of $(0.64) and a net loss of $(18) million. Adjusted loss per share from continuing operations was $(0.64) and adjusted EBITDA was $1 million. Operating performance in the first quarter reflected sequentially tighter supply flows for recycled metals, which, together with lower average net selling prices for the Company's products, resulted in a compression of metal spreads. Market conditions for recycled metals remained challenging during the quarter, primarily due to lower manufacturing activity in the U.S. and the impact across Asia of the economic slowdown in China, including elevated levels of Chinese steel exports. Nonferrous production from the Company's advanced nonferrous recovery technologies and from an
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- Radius Recycling, Inc. (NASDAQ: RDUS) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
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- Radius Recycling, Inc. (NASDAQ: RDUS) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Radius Recycling Reports Second Quarter Fiscal 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Radius Recycling Reports Second Quarter Fiscal 2024 Financial ResultsGlobeNewswire