Schnitzer Reports Second Quarter 2015 Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/14/2026
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
Schnitzer Steel (SCHN) Posts Q2 Loss of 33c/Share; Plans Cost Cuts
April 7, 2015 8:32 AM EDTSchnitzer Steel (NASDAQ: SCHN) reported Q2 EPS of ($0.33), $0.27 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $439 million versus the consensus estimate of $568.5 million.
Strategic Actions
The Company has commenced two strategic initiatives:
(i) A cost reduction, capacity reduction and productivity improvement initiative which, in the aggregate, is intended to improve financial performance by $60 million annually by the end of 2016; and
(ii) The integration of the Auto Parts... More
