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Stock impact report

Second Quarter Fiscal 2024 Preliminary Results and Announcement of Earnings Date [Yahoo! Finance]

Radius Recycling, Inc. - Class A (RDUS) 
Last radius recycling, inc. - class a earnings: 2/27 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: investors.radiuspharm.com
Company Research Source: Yahoo! Finance
PORTLAND, Ore., March 14, 2024 (GLOBE NEWSWIRE) -- Radius Recycling, Inc. (NASDAQ: RDUS) today announced preliminary results for its fiscal 2024 second quarter ended February 29, 2024. Second Quarter Fiscal 2024 Expected Performance The Company anticipates: Net loss to be approximately $(35) million. Loss per share from continuing operations to be in the range of $(1.19) - $(1.24). Adjusted EBITDA to be approximately $2 million, and adjusted loss per share from continuing operations to be in the range of $(1.05) - $(1.10). Market Conditions, Prices, and Volumes . Tight supply flows for recycled metals and unusually wet winter weather impacted sales volumes and metal spreads for both recycled metals and finished steel during the Company's second quarter. Ferrous sales volumes are expected to decrease sequentially by 15% due to the lower supply flows including delays of certain bulk shipments at quarter-end. Nonferrous sales volumes are expected to be down 3% sequentially, bu Show less Read more
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