Schnitzer Steel (SCHN) Tops Q3 EPS by 28c

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Go back to Schnitzer Steel (SCHN) Tops Q3 EPS by 28c

Schnitzer Reports Third Quarter Fiscal 2016 Financial Results

June 30, 2016 8:30 AM EDT

Strong Earnings and Significant Operating Leverage

PORTLAND, Ore.--(BUSINESS WIRE)-- Schnitzer Steel Industries, Inc. (Nasdaq: SCHN) today reported earnings per share from continuing operations of $0.41 for the fiscal 2016 third quarter ended May 31, 2016. This compares to reported losses per share from continuing operations of $0.31 in the third quarter of fiscal 2015 and $1.48 in the second quarter of fiscal 2016. Adjusted earnings per share from continuing operations of $0.46 for the third quarter fiscal 2016 excludes the adverse impact of noncash write-off of debt issuance costs, restructuring charges and other exit-related costs, and other... More