Schnitzer Steel: Q3 Earnings Insights

Shares of Schnitzer Steel Industries Inc SCHN decreased 1% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were down 92.06% year over year to $0.05, which beat the estimate of ($0.12).

Revenue of $403,000,000 decreased by 26.38% from the same period last year, which beat the estimate of $368,600,000.

Guidance

Schnitzer Steel hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Jul 01, 2020

Time: 11:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/ogfkqggv

Recent Stock Performance

52-week high: $27.47

Company's 52-week low was at $10.09

Price action over last quarter: Up 45.32%

Company Overview

Schnitzer Steel Industries is one of the largest ferrous and nonferrous scrap metal recyclers in the U.S. Its metal recycling business collects and recycles auto bodies, rail cars, appliances, machinery, and construction demolition. Additionally, Schnitzer operates an auto-parts business that purchases obsolete vehicles and sells any useful parts to retail customers and a steelmaking business that supplies construction products along the West Coast.