Schnitzer Steel (SCHN) Tops Q2 EPS by 3c

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Schnitzer Reports Second Quarter 2019 Financial Results

April 4, 2019 8:00 AM EDT

Benefits from Productivity Initiatives Tracking Ahead of Schedule

Strong Second Quarter Operating Cash Flow of $35 million

PORTLAND, Ore.--(BUSINESS WIRE)-- Schnitzer Steel Industries, Inc. (Nasdaq: SCHN) today reported results for its second quarter of fiscal 2019 ended February28, 2019. The Company reported earnings per share from continuing operations of $0.46 and adjusted earnings per share of $0.48. For the first quarter of fiscal 2019, reported and adjusted earnings per share from continuing operations were $0.57 and $0.58, respectively. In the second quarter of fiscal 2018, the Companys reported and adjusted earnings per share from... More