Radius Recycling Inc (OQ:RDUS)

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
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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

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