Schnitzer Steel (SCHN) Tops Q3 EPS by 3c

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Go back to Schnitzer Steel (SCHN) Tops Q3 EPS by 3c

Schnitzer Reports Third Quarter Fiscal 2023 Financial Results

June 27, 2023 8:00 AM EDT

Significant Sequential Performance Improvement

Schnitzer Board Declares Quarterly Dividend

PORTLAND, Ore.--(BUSINESS WIRE)-- Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) today reported results for its third quarter of fiscal 2023 ended May 31, 2023.

Third Quarter Fiscal 2023 Highlights

Diluted earnings per share from continuing operations of $0.48. Net income of $14 million and net income per ferrous ton of $12. Adjusted diluted earnings per share from continuing operations of $0.67, which excludes charges of $5 million, or $0.18 per share, related primarily to legacy environmental... More