Schnitzer Steel Industries, Inc. Provides Earnings Guidance for the Second Quarter Ended February 28, 2022
March 17, 2022 at 05:00 pm
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Schnitzer Steel Industries, Inc. provided earnings guidance for the second quarter ended February 28, 2022. For the quarter, the company expected diluted earnings per share from continuing operations to be in the range of $1.22- $1.27. Net income to be in the range of $36 million - $38 million.
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.
RADIUS RECYCLING, INC. 
