Schnitzer Steel Industries, Inc. Reports Earnings Results for the Full Year Ended August 31, 2021
October 21, 2021 at 01:42 pm EDT
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Schnitzer Steel Industries, Inc. reported earnings results for the full year ended August 31, 2021. For the full year, the company reported sales was USD 2,758.55 million compared to USD 1,712.34 million a year ago. Net income was USD 165.11 million compared to net loss of USD 4.15 million a year ago. Basic earnings per share from continuing operations was USD 5.9 compared to basic loss per share from continuing operations of USD 0.15 a year ago. Diluted earnings per share from continuing operations was USD 5.66 compared to diluted loss per share from continuing operations of USD 0.15 a year ago. Basic earnings per share was USD 5.9 compared to basic loss per share of USD 0.15 a year ago. Diluted earnings per share was USD 5.66 compared to diluted loss per share of USD 0.15 a year ago.
Radius Recycling, Inc., formerly Schnitzer Steel Industries, Inc., is a manufacturer and exporter of recycled metal products. The Company also operates a third-party recycling (3PR) service, which includes materials management, reverse logistics, railcar dismantling, and vehicle recycling services. The Company operates scrap recycling facilities in 25 states, western Canada, and Puerto Rico. It has 54 metals recycling facilities, including seven shredding operations. The Companyâs integrated operating platform also includes 50 stores which sell serviceable used auto parts from salvaged vehicles and receive over four million annual retail visits. Its steel manufacturing operations produce finished steel products, including rebar, wire rod, and other specialty products. The Company has seven deep water export facilities located on both the East and West Coasts and in Hawaii and Puerto Rico. The Company's subsidiaries include Auto Parts Group Southwest, LLC, Edman Corp., and others.
RADIUS RECYCLING, INC. 
