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Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) will report its first quarter fiscal 2021 financial results, ending November 30, 2020, on January 7, 2021. A webcast conference call is scheduled for 11:30 a.m. Eastern Time the same day, featuring CEO Tamara Lundgren and CFO Richard Peach. Schnitzer operates across 23 states, Puerto Rico, and Western Canada, with a strong portfolio in recycled metal products and steel manufacturing. The company has a significant retail presence, receiving about 5 million visits annually.
Schnitzer Steel Industries (NASDAQ:SCHN) has appointed Glenda J. Minor as an independent director, effective immediately. Minor brings extensive experience in finance and international leadership from her roles at Fortune 100 companies, including EVRAZ North America and Visteon Corporation. She will also be part of the Audit and Nominating & Corporate Governance Committees. This appointment adds diversity to the board, with four of its members now women. Schnitzer Steel is a leading manufacturer and exporter of recycled metal products in North America.
Schnitzer Steel Industries (NASDAQ: SCHN) reported earnings per share of $0.14 for Q4 2020, bouncing back from $(0.18) in Q3. The company saw strong sequential growth in Auto and Metals Recycling, with operating income rising to $15 million from $3 million, driven by a 17% increase in ferrous sales volumes. Cascade Steel also improved, achieving $8 million in operating income. Overall revenues for Q4 reached $465 million, compared to $403 million in Q3. The company reduced its debt to the lowest level in a decade, reflecting strong operational cash flow.
Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) will report its fourth quarter and fiscal 2020 financial results on October 22, 2020. A webcast conference call will follow at 11:30 a.m. ET, featuring CEO Tamara Lundgren and CFO Richard Peach. Investors can access the call and accompanying slide presentation via Schnitzer's website. The company is a major manufacturer and exporter of recycled metal products in North America, with operations in 23 states, Puerto Rico, and Western Canada, showcasing a robust integrated platform.