Radius Recycling, Inc. Provides Earnings Guidance for Second Quarter of Fiscal 2024
March 14, 2024 at 04:35 pm EDT
Share
Radius Recycling, Inc. provided earnings guidance for Second Quarter of Fiscal 2024. For the period, 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.
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.