Schnitzer Steel Posted Robust Q3 Results
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Update time : 2022-06-30 21:38:46
The average ferrous and nonferrous selling prices hit multi-year highs, while average finished steel selling prices hit record level, said the company news release.
Schnitzer Steel Industries, Inc. announced results for its third quarter of fiscal 2022 ended May 31, 2022.
The company reported diluted earnings per share from continuing operations of $2.52. This compares with $2.16 in the third quarter of fiscal 2021. The adjusted diluted earnings per share from continuing operations for the quarter was $2.59, compared with $2.20 in the corresponding
quarter a year before. The net income surged higher significantly from $65 million a year before to $76 million. The adiusted EBITDA too was up from $97 million to $119 million.
