Schnitzer Announces Fourth Quarter Fiscal 2019 Preliminary Results and Earnings Date
Schnitzer Steel Industries, Inc. - Class A (SCHN)
Last schnitzer steel industries, inc. - class a earnings: 4/2 08:00 am
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US:NASDAQ Investor Relations:
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Source: Business Wire
Fourth Quarter and Fiscal Year-End Earnings Conference Call 11:30 a.m. Eastern on October 24, 2019 PORTLAND, Ore.--(BUSINESS WIRE)--Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) today announced preliminary results for its fiscal 2019 fourth quarter ended August 31, 2019. The Company expects fourth quarter earnings from continuing operations to be in the range of $0.37 - $0.42 per share and adjusted earnings to be in the range of $0.38 - $0.43 per share. This range is a decrease compared to third quarter of fiscal 2019 reported and adjusted earnings from continuing operations of $0.56 and $0.65 per share, respectively, and a decrease relative to fourth quarter of 2018 reported and adjusted earnings of $2.08 and $2.11 per share, respectively, which included a discrete tax benefit of $1.06 per share.Markets for recycled metals weakened in the fourth quarter, including a marked deterioration in August with a continued decline in September. In Auto and Metals Recycling (AMR), weak dom
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