Radius Recycling Reports Second 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., April 04, 2024 (GLOBE NEWSWIRE) -- Radius Recycling, Inc. (NASDAQ: RDUS) today reported results for the second quarter of fiscal 2024 ended February 29, 2024. The Company reported a loss per share from continuing operations of $(1.19) and a net loss of $(34) million. Adjusted EBITDA was $3 million and adjusted loss per share from continuing operations was $(1.04). Market conditions during the second quarter remained challenging, as tight supply flows for recycled metals and unusually wet winter weather impacted sales volumes and metals spreads for both recycled metals and finished steel. Scrap generation remained constrained due to persistently low levels of manufacturing activity in the U.S. After strengthening in the early part of the quarter driven by restocking, market conditions for ferrous recycled metals softened due to lower global demand including as a result of continued elevated levels of Chinese steel exports. Ferrous sales volumes decreased by 15% s
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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
- Radius Announces Presentation of Data on TYMLOS (abaloparatide) at the World Congress on Osteoporosis, Osteoarthritis and Musculoskeletal Diseases Accesswire
- 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 ResultsGlobeNewswire
- Second Quarter Fiscal 2024 Preliminary Results and Announcement of Earnings Date [Yahoo! Finance]Yahoo! Finance