AP NEWS

Schnitzer Steel: Fiscal 3Q Earnings Snapshot

June 26, 2019

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SCHN at https://www.zacks.com/ap/SCHN

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