Schnitzer Steel Industries Inc Class A ( (RDUS) ) has released its Q3 earnings. Here is a breakdown of the information Schnitzer Steel Industries Inc Class A presented to its investors.
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Radius Recycling, Inc., a leading North American recycler of ferrous and nonferrous metals, operates 53 facilities across the U.S., Puerto Rico, and Western Canada, and is known for its integrated operations including the Pick-N-Pull brand and a vertically integrated electric arc furnace and rolling mill in Oregon.
In its third quarter fiscal 2025 financial results, Radius Recycling reported a significant improvement in performance with a reduced net loss of $16 million compared to $33 million in the previous quarter. The company also achieved an adjusted EBITDA of $22 million, marking a substantial recovery from a break-even position in the prior quarter.
Key drivers of this positive shift included increased sales volumes across all products, improved market conditions for nonferrous and finished steel, and higher auto parts retail sales. Nonferrous sales volumes rose by 23%, and finished steel sales volumes increased by 15%, leading to enhanced operating leverage and margin expansion. Despite a volatile market, ferrous sales volumes and prices also saw an uptick.
Looking ahead, Radius Recycling remains focused on completing its pending merger with Toyota Tsusho America, Inc., which is expected to close in the second half of 2025, subject to regulatory approvals. The company continues to return capital to shareholders, as evidenced by its 125th consecutive quarterly dividend declaration.