Schnitzer Steel (SCHN) Tops Q4 EPS by 8c

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Go back to Schnitzer Steel (SCHN) Tops Q4 EPS by 8c

Schnitzer Reports Fourth Quarter and Fiscal 2015 Financial Results

October 27, 2015 8:30 AM EDT

Integration of Auto and Metals Recycling Businesses Completed

Targeted Cost Reductions Achieved Ahead of Schedule

Improvement in Sequential Operating Performance

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

Fourth quarter adjusted earnings per share from continuing operations improved from the third quarter, reflecting increased profitability in both the Auto and Metals Recycling (AMR) and Steel Manufacturing Business (SMB). AMR generated adjusted operating income of $17... More