Schnitzer Steel (SCHN) Tops Q3 EPS by 14c

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Go back to Schnitzer Steel (SCHN) Tops Q3 EPS by 14c

Schnitzer Reports Third Quarter 2015 Financial Results

June 30, 2015 8:30 AM EDT

Improved Operating Performance in All Businesses Sequentially

Strong Operating Cash Flow and Progress on Cost Reduction and Productivity Initiatives

PORTLAND, Ore.--(BUSINESS WIRE)-- Schnitzer Steel Industries, Inc. (Nasdaq: SCHN) today reported financial results for its fiscal 2015 third quarter ended May 31, 2015.

Our third quarter results reflected benefits from the cost reduction and productivity initiatives we announced in early April which led to improved sequential operating performance in all of our businesses. In Metals Recycling, ferrous volumes increased 29% and nonferrous sales volumes increased 21%... More