Schnitzer Earnings Reports

Radius Recycling posted a net loss of $33 million in Q2 FY25 as lower global ferrous and finished steel prices weighed on results. Adjusted EPS improved slightly from the previous year. Ferrous and finished steel sales volumes increased, and SG&A costs were reduced through productivity initiatives.

Radius Recycling reported a net loss of $37 million, with a loss per share of $(1.30) for the first quarter of fiscal 2025. The results were impacted by a detriment on income tax. Contribution from recycled metals improved due to productivity efficiencies and stronger nonferrous demand, offsetting weaker ferrous markets. Finished steel contribution decreased due to weaker domestic market conditions.