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Schnitzer Steel Industries Inc. - RDUS STOCK NEWS

Welcome to our dedicated news page for Schnitzer Steel Industries (Ticker: RDUS), a resource for investors and traders seeking the latest updates and insights on Schnitzer Steel Industries.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Schnitzer Steel Industries's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Schnitzer Steel Industries's position in the market.

News
Radius Recycling Reports Second Quarter Fiscal 2024 Financial Results
Rhea-AI Summary
Radius Recycling, Inc. (NASDAQ: RDUS) reported a loss per share of $(1.19) and a net loss of $(34) million for the second quarter of fiscal 2024. Despite challenging market conditions, the company increased finished steel sales volumes by 5% year-over-year and set a new cost reduction target of $40 million. The Board declared a quarterly dividend of $0.1875 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.68%
Tags
earnings
-
News
Second Quarter Fiscal 2024 Preliminary Results and Announcement of Earnings Date
Rhea-AI Summary
Radius Recycling, Inc. (RDUS) reported its fiscal 2024 second-quarter results with a net loss of approximately $(35) million and adjusted EBITDA of $2 million. Market conditions impacted sales volumes, with ferrous sales down by 15% sequentially, nonferrous up by 7% year-over-year, and finished steel up by 5% year-over-year. The company implemented cost reduction measures to achieve $40 million in annual benefits and expects operating cash outflow of $50-60 million for the quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.99%
Tags
earnings
-
News
Radius Recycling Named One of the 2024 World’s Most Ethical Companies
Rhea-AI Summary
Radius Recycling, Inc. (NASDAQ: RDUS) has been honored as one of the 2024 World’s Most Ethical Companies by Ethisphere for ten consecutive years. The company's commitment to ethics, integrity, and sustainability has been recognized globally, showcasing its dedication to best-in-class practices.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5%
Tags
none
News
Radius Recycling Reports First Quarter Fiscal 2024 Financial Results
Rhea-AI Summary
Schnitzer Steel Industries, Inc. (NASDAQ: RDUS) reported a loss per share from continuing operations of $(0.64) and a net loss of $(18) million for the first quarter of fiscal 2024. Operating performance reflected tighter supply flows for recycled metals and lower average net selling prices. Nonferrous sales volumes increased by 12% year-over-year, and finished steel sales volumes were up by 10%. The company declared a quarterly dividend of $0.1875 per common share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.69%
Tags
earnings
-
News
Radius Recycling Announces First Quarter Fiscal 2024 Earnings Date and Webcast Details
Rhea-AI Summary
Schnitzer Steel Industries, Inc. (RDUS) will report Q1 fiscal 2024 financial results on Jan 4, 2024. The webcast conference call will be hosted by Tamara Lundgren, CEO, and Stefano Gaggini, CFO, discussing the results and slide presentation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.39%
Tags
earnings
-
News
Radius Recycling Publishes Fiscal Year 2023 Sustainability Report
Rhea-AI Summary
Schnitzer Steel Industries, Inc. dba Radius Recycling (NASDAQ: RDUS) released its Fiscal 2023 Sustainability Report, highlighting its leadership in metals recycling, diversion of millions of tons of metals from landfills, and achieving greenhouse gas emissions reduction target two years ahead of schedule. The report also details the company's new corporate name, Radius Recycling, and its recognition as a global leader in sustainability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.8%
Tags
earnings
News
Radius Recycling Executive Included on TIME100 Climate List of the 100 Most Influential Leaders Driving Business Climate Action
Rhea-AI Summary
Schnitzer Steel Industries, Inc. (NASDAQ: RDUS) CEO Tamara Lundgren has been named to the TIME100 Climate List for her advocacy and leadership in advancing the circular economy and promoting the importance of recycled metals in the transition to low carbon technologies. Lundgren emphasizes the alignment of economic progress and climate impact, highlighting Radius Recycling's commitment to a sustainable future. The company was recognized for its efforts in the circular economy and was previously named the Most Sustainable Company in the World by Corporate Knights. TIME's assessment considered factors such as recency of action, measurable results, and influence.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.37%
Tags
none
-
News
Radius Recycling Reports Fourth Quarter and Fiscal 2023 Financial Results
Rhea-AI Summary
Schnitzer Steel Industries, Inc. dba Radius Recycling reported a net loss of $(26) million in Q4 2023, but generated strong operating cash flow of $135 million. Market conditions for recycled metals weakened due to lower global steel demand. The company unveiled its new corporate identity as Radius Recycling.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.03%
Tags
earnings
-
News
Radius Recycling Announces Fourth Quarter and Fiscal 2023 Earnings Date and Webcast Details
Rhea-AI Summary
Schnitzer Steel Industries, Inc. will report Q4 and fiscal 2023 financial results on October 25, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.98%
Tags
earnings
News
Gurnet Point Capital and Patient Square Capital Complete Their Acquisition of Radius Health, Inc.
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.54%
Tags
acquisition
Stock RDUS logo
Schnitzer Steel Industries Inc.

Nasdaq:RDUS

RDUS Rankings

#3487 Ranked by Market Cap
#2650 Ranked by Stock Gains
#653 Ranked by Dividends

RDUS Stock Data

482.97M
26.12M
6.42%
83.73%
1.66%
Secondary Smelting, Refining, and Alloying of Nonferrous Metal (except Copper and Aluminum)
Manufacturing
Link
US
Portland

About RDUS

founded in 1906 as a one-man scrap metal operation, schnitzer steel industries, inc., has become one of the nation's largest recyclers of scrap metal, a leading provider of used and recycled auto parts and a manufacturer of finished steel products. with a rapidly growing national and global reach, the company achieved $2.5 billion in revenues in fiscal 2014 and was ranked #853 in the 2015 fortune 1000 list of companies. schnitzer steel common stock is traded on the nasdaq stock market under the symbol schn. with corporate headquarters based in portland, oregon, the company is split into three vertically integrated business units, the metals recycling business, the auto parts business and the steel manufacturing business. career site: http://www.schnitzersteel.com/careers.aspx