Schnitzer Steel Industries, Inc. Reports Earnings Results for the First Quarter Ended November 30, 2020
January 07, 2021 at 08:01 am EST
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Schnitzer Steel Industries, Inc. announced earnings results for the first quarter ended November 30, 2020. For the first quarter, the company announced sales was USD 492.107 million compared to USD 405.584 million a year ago. Operating income was USD 22.770 million compared to operating loss of USD 7.910 million a year ago. Net income was USD 14.104 million compared to net loss of USD 6.995 million a year ago.
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. 
