Schnitzer Steel: Fiscal 3Q Earnings Snapshot
PORTLAND, Ore. (AP) _ Schnitzer Steel Industries Inc. (SCHN) on Wednesday reported fiscal third-quarter profit of $15.7 million.
On a per-share basis, the Portland, Oregon-based company said it had net income of 56 cents. Earnings, adjusted for one-time gains and costs, were 63 cents per share.
The recycler of ferrous and nonferrous scrap metal posted revenue of $547.4 million in the period.
Schnitzer Steel shares have climbed 14% since the beginning of the year. The stock has dropped 29% in the last 12 months.