Schnitzer Steel (SCHN) Tops Q4 EPS by 1c, Revenues Beat

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Schnitzer Reports Fourth Quarter and Fiscal 2020 Financial Results

October 22, 2020 8:30 AM EDT

Strong Sequential Improvement in Operating and Financial Performance

Reduced Debt to Lowest Level in a Decade

Schnitzer Board Declares Quarterly Dividend

PORTLAND, Ore.--(BUSINESS WIRE)-- Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) today reported results for its fourth quarter and fiscal year ended August 31, 2020.

The Company reported earnings per share from continuing operations for the quarter of $0.14 and adjusted earnings per share of $0.23, a sequential increase from the third quarter results of $(0.18) and $0.05, respectively. Comparatively, prior year fourth quarter reported and adjusted... More