Schnitzer Reports First Quarter Fiscal 2021 Financial Results

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Go back to Schnitzer Reports First Quarter Fiscal 2021 Financial Results

Schnitzer Steel (SCHN) Tops Q1 EPS by 18c, Revenues Beat

January 7, 2021 8:03 AM EST

Schnitzer Steel (NASDAQ: SCHN) reported Q1 EPS of $0.57, $0.18 better than the analyst estimate of $0.39. Revenue for the quarter came in at $492 million versus the consensus estimate of $437.65 million.

First Quarter Fiscal 2021 Highlights

Diluted earnings per share from continuing operations of $0.50, more than triple earnings per share of $0.14 in the fourth quarter of fiscal 2020, and compared to a diluted loss per share from continuing operations of $(0.26) in the first quarter of fiscal 2020Adjusted diluted earnings per share from continuing operations of $0.57, more than double adjusted diluted earnings per share of $0.23 in... More