SCHN - Earnings announcements

Significant Sequential Performance Improvement Schnitzer Board Declares Quarterly Dividend Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) today reported results for its third quarter of fiscal 2023 ended May 31, 2023. Third Quarter Fiscal 2023 Highlights Diluted earnings per share from continuing operations of $0.48. Net income of $14 million and net income per ferrous ton of $12. Adjusted diluted earnings per share from continuing operations of $0.67, which excludes charges of $5 million, or $0.18 per share, related primarily to legacy environmental matters. Adjusted EBITDA of $56 million and adjusted EBITDA per ferrous ton of $48. Significant sequential performance impro

Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) announced that the Company will report financial results for its third quarter fiscal 2023 ended May 31, 2023 on Tuesday, June 27, 2023. The Company will host a webcast conference call to discuss the results at 11:30 a.m. Eastern Time on the same day. The webcast of the call and the accompanying slide presentation may be accessed on Schnitzer's website under Company > Investors > Event Calendar at www.schnitzersteel.com/company/investors/event-calendar. The call will be hosted by Tamara Lundgren, Chairman and Chief Executive Officer, and Stefano Gaggini, Senior Vice President and Chief Financial Officer. About Schnitzer Steel Industries, Inc.

Significant Sequential Performance Improvement on Strengthening Demand Strong Operating Cash Flow Generation of $88 million Schnitzer Board Declares Quarterly Dividend Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) today reported results for its second quarter of fiscal 2023 ended February 28, 2023. Second Quarter Fiscal 2023 Highlights Diluted earnings per share from continuing operations of $0.14. Net income of $4 million and net income per ferrous ton of $3. Adjusted diluted earnings per share from continuing operations of $0.14. Adjusted EBITDA of $32 million and adjusted EBITDA per ferrous ton of $25. Significant sequential performance improvement driven by higher d

Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) announced that the Company will report financial results for its second quarter fiscal 2023 ended February 28, 2023 on Wednesday, April 5, 2023. The Company will host a webcast conference call to discuss the results at 11:30 a.m. Eastern Time on the same day. The webcast of the call and the accompanying slide presentation may be accessed on Schnitzer's website under Company > Investors > Event Calendar at www.schnitzersteel.com/company/investors/event-calendar. The call will be hosted by Tamara Lundgren, Chairman and Chief Executive Officer, and Stefano Gaggini, Senior Vice President and Chief Financial Officer. About Schnitzer Steel Industrie

Increased Productivity Improvement Benefits Target from $40 million to $60 million Expanded Recycling Services Platform with Acquisition of ScrapSource LLC Schnitzer Board Declares Quarterly Dividend Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) today reported results for its first quarter of fiscal 2023 ended November 30, 2022. First Quarter Fiscal 2023 Highlights Diluted loss per share from continuing operations of $(0.64). Net loss of $(18) million and net loss per ferrous ton of $(21). Adjusted diluted loss per share from continuing operations of $(0.44), which excludes charges of $7 million related primarily to asset impairments and restructuring charges and other exit-related

Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) today announced preliminary results for its fiscal 2023 first quarter ended November 30, 2022. First Quarter Fiscal 2023 Expected Performance The Company anticipates: First quarter diluted loss per share from continuing operations to be in the range of $(0.64) - $(0.69). Net loss to be in the range of $(18) million - $(20) million and net loss per ferrous ton in the range of $(21) - $(23). Adjusted diluted loss per share from continuing operations to be in the range of $(0.44) - $(0.49), which excludes expected charges of $7 million primarily related to asset impairments and restructuring and other exit-related activities. Adjusted EBIT

Second Best Fiscal Year Earnings in Company's History Strong Operating Cash Flow of $180 Million in the Fourth Quarter Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) today reported financial results for the fourth quarter and fiscal year ended August 31, 2022. Fourth Quarter and Fiscal 2022 Highlights Diluted earnings per share from continuing operations of $0.36 in the fourth quarter. Diluted earnings per share from continuing operations of $5.72 in fiscal 2022. Adjusted diluted earnings per share from continuing operations in the fourth quarter of $0.50, which excludes charges of $4 million, or $0.14 per share, related primarily to legacy environmental matters. Adjusted diluted ear

Expects Second Best Fiscal Year Earnings in Company's History Strong Operating Cash Flow of $180 Million Expected in the Fourth Quarter Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) today announced preliminary results for its fourth quarter and fiscal year ended August 31, 2022. Fiscal 2022 Expected Performance The Company expects fiscal 2022 results to be the second best year in its history. Diluted earnings per share from continuing operations are expected to be in the range of $5.67 - $5.72, net income is expected to be in the range of $170 million - $172 million, adjusted diluted earnings per share are expected to be in the range of $6.00 - $6.05, and adjusted EBITDA is expected to

Best Third Quarter Earnings in Company's History Acquisition of Encore Recycling's Operating Assets Expands Company's Southeast Platform Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) today reported results for its third quarter of fiscal 2022 ended May 31, 2022. Third Quarter Fiscal 2022 Highlights Diluted earnings per share from continuing operations of $2.52 compared to $2.16 in the third quarter of fiscal 2021 Adjusted diluted earnings per share from continuing operations of $2.59 compared to adjusted diluted earnings per share of $2.20 in the third quarter of fiscal 2021 Net income of $76 million compared to $65 million in the third quarter of fiscal 2021 Adjusted EBITDA of

Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) announced that the Company will report financial results for its third quarter fiscal 2022 ended May 31, 2022 on Wednesday, June 29, 2022. The Company will host a webcast conference call to discuss the results at 11:30 a.m. Eastern Time on the same day. The webcast of the call and the accompanying slide presentation may be accessed on Schnitzer's website under Company > Investors > Event Calendar at www.schnitzersteel.com/company/investors/event-calendar. The call will be hosted by Tamara Lundgren, Chairman and Chief Executive Officer, and Richard Peach, Executive Vice President, Chief Financial Officer and Chief Strategy Officer. Replay Infor

Strong Profitability on Higher Year-over-Year Recycled Metals Volumes Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) today reported results for its second quarter of fiscal 2022 ended February 28, 2022. Second Quarter Fiscal 2022 Highlights Diluted earnings per share from continuing operations of $1.27 compared to $1.54 in the second quarter of fiscal 2021 Adjusted diluted earnings per share from continuing operations of $1.38 compared to adjusted diluted earnings per share of $1.51 in the second quarter of fiscal 2021 Net income of $38 million compared to $46 million in the second quarter of fiscal 2021 Adjusted EBITDA of $75 million compared to $71 million in the second quart

- Second Quarter Earnings Conference Call Scheduled for 11:30 a.m. Eastern April 6, 2022 - Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) today announced preliminary results for its fiscal 2022 second quarter ended February 28, 2022. Second Quarter Fiscal 2022 Expected Highlights The Company anticipates: Second quarter 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. Adjusted earnings per share from continuing operations to be in the range of $1.33 - $1.38, which excludes expected charges of $5 million or $0.11 per share related primarily to legacy environmental matters. Adjusted E

Best First Quarter Earnings in Company's History Schnitzer Board Declares Quarterly Dividend Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) today reported results for its first quarter of fiscal 2022 ended November 30, 2021. First Quarter Fiscal 2022 Highlights Diluted earnings per share from continuing operations of $1.55, more than triple earnings per share of $0.50 in the first quarter of fiscal 2021 Adjusted diluted earnings per share from continuing operations of $1.58, compared to adjusted diluted earnings per share of $0.57 in the first quarter of fiscal 2021 Net income of $47 million, more than triple net income of $15 million in the first quarter of fiscal 2021 Adjust

Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) announced that the Company will report financial results for its first quarter fiscal 2022 ended November 30, 2021 on Thursday, January 6, 2022. The Company will host a webcast conference call to discuss the results at 11:30 a.m. Eastern Time on the same day. The webcast of the call and the accompanying slide presentation may be accessed on Schnitzer's website under Company > Investors > Event Calendar at www.schnitzersteel.com/company/investors/event-calendar. The call will be hosted by Tamara Lundgren, Chairman and Chief Executive Officer, and Richard Peach, Executive Vice President, Chief Financial Officer and Chief Strategy Officer. Replay

Best Fourth Quarter and Full Year Operating Performance in a Decade Acquisition of Columbus Recycling Assets Completed Schnitzer Board Declares Quarterly Dividend Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) today reported results for its fourth quarter and fiscal year ended August 31, 2021. Fourth Quarter and Fiscal 2021 Highlights Diluted earnings per share from continuing operations of $1.43 in the fourth quarter of fiscal 2021, compared to $0.14 in the fourth quarter of fiscal 2020. Diluted earnings per share from continuing operations of $5.66 in fiscal 2021, compared to a loss of $(0.15) per share in fiscal 2020. Adjusted diluted earnings per share from continuing operation

Expects Best Fourth Quarter Operating Performance Since 2011 Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) today announced preliminary results for its fiscal 2021 fourth quarter ended August 31, 2021. The Company expects fourth quarter diluted earnings per share from continuing operations to be in the range of $1.40 - $1.48 and net income to be in the range of $43 million - $45 million. Adjusted earnings per share from continuing operations are expected to be in the range of $1.75 - $1.83, which excludes expected charges of $12 million or $0.31 per share related to legacy environmental matters (see Non-GAAP Financial Measures section for a reconciliation to GAAP). Market conditions for r