Schnitzer Reports Second Quarter Fiscal 2021 Financial Results
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Schnitzer Steel (SCHN) Tops Q2 EPS by 52c
April 7, 2021 8:01 AM EDTSchnitzer Steel (NASDAQ: SCHN) reported Q2 EPS of $1.51, $0.52 better than the analyst estimate of $0.99. Revenue for the quarter came in at $600 million versus the consensus estimate of $597.1 million.
The Companys performance benefited from strong global demand for recycled metals and finished steel products, with selling prices for ferrous and nonferrous scrap reaching multi-year highs. The sharp increase in selling prices during the quarter contributed to the Companys... More
