Sector: Basic Materials | Industry: Steel |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 299 Sw Clay St., Suite 400 PORTLAND OR 97201 |
Tel: | 1-503-3232811 |
Website: | https://www.radiusrecycling.com |
IR: | See website |
Key People | ||
Tamara L. Lundgren Chairman of the Board, President, Chief Executive Officer | Stefano Gaggini Chief Financial Officer, Senior Vice President, Interim Chief Accounting Officer | Erich D. Wilson Chief Human Resource Officer, Senior Vice President, Chief - Corporate Operations |
Richard D. Peach Executive Vice President, Chief Strategy Officer | James Matthew Vaughn Senior Vice President, Chief Compliance Officer, General Counsel, Corporate Secretary | Steven G. Heiskell Senior Vice President, President - Recycling Products and Services | Brian Souza Senior Vice President and Chief Operations Management Officer |
Business Overview |
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 Company's 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. |
Financial Overview |
For the three months ended 30 November 2023, Radius Recycling Inc revenues increased 12% to $672.9M. Net loss before extraordinary items increased 1% to $18M. Revenues reflect Ferrous revenues segment increase of 33% to $348.9M, Retail and other revenues segment increase of 18% to $41.2M, Foreign segment increase of 31% to $358M. Higher net loss reflects Interest expense increase of 45% to $4.8M (expense). |
Employees: | 3,353 as of Aug 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $854.86M as of Nov 30, 2023 |
Annual revenue (TTM): | $2,956M as of Nov 30, 2023 |
EBITDA (TTM): | $115.75M as of Nov 30, 2023 |
Net annual income (TTM): | -$25.93M as of Nov 30, 2023 |
Free cash flow (TTM): | $72.21M as of Nov 30, 2023 |
Net Debt Last Fiscal Year: | $279.51M as of Nov 30, 2023 |
Shares outstanding: | 27,861,685 as of Jan 2, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |