Schnitzer Steel (SCHN) Tops Q4 EPS by 1c

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Schnitzer Reports Fourth Quarter and Fiscal 2017 Financial Results

October 24, 2017 8:30 AM EDT

Strongest Fourth Quarter and Fiscal Year Earnings Per Share Since Fiscal 2011

Fiscal 2017 Total Ferrous Volumes Up 10% and Nonferrous Volumes Up 15%

PORTLAND, Ore.--(BUSINESS WIRE)-- Schnitzer Steel Industries, Inc. (Nasdaq: SCHN) today reported financial results for its fourth quarter and fiscal year ended August 31, 2017. The Company reported earnings per share from continuing operations of $0.65 and adjusted earnings per share of $0.63 for the fourth quarter fiscal 2017. These results are significantly higher than fourth quarter fiscal 2016 reported earnings per share of $0.59 and adjusted earnings per share of... More