Schnitzer Steel (SCHN) Tops Q3 EPS by 17c, Revenues Beat
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Schnitzer Reports Third Quarter 2020 Financial Results
July 1, 2020 8:00 AM EDTPositive Segment Operating Performance and Cash Flow Demonstrate Resilience
PORTLAND, Ore.--(BUSINESS WIRE)-- Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) today reported results for its fiscal third quarter ended May 31, 2020. Reflecting the impact of the COVID-19 pandemic, the Company reported a loss per share from continuing operations for the quarter of $(0.18) and adjusted earnings per share of $0.05, compared to second quarter reported and adjusted earnings per share of $0.14 and $0.31, respectively. Comparatively, prior year third quarter reported and adjusted earnings per share from continuing operations were $0.56 and $0.65,... More
