Schnitzer Steel (SCHN) Misses Q1 EPS by 1c

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Schnitzer Reports First Quarter 2020 Financial Results

January 8, 2020 8:00 AM EST

Well Positioned to Benefit from Improved Market Conditions and the Execution of Strategic Initiatives in Fiscal 2020

PORTLAND, Ore.--(BUSINESS WIRE)-- Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) today reported results for its first quarter of fiscal 2020 ended November 30, 2019.

The Company reported a loss per share from continuing operations of $0.26 and an adjusted loss per share of $0.17, both of which include the following items within the Auto and Metals Recycling (AMR) segment:

An adverse impact from average inventory accounting of approximately $0.11; and A... More