Radius Recycling Fiscal Q2 Adjusted Loss Narrows as Revenue Increases; Quarterly Dividend Maintained

MT Newswires Live

04/04

Radius Recycling (RDUS) reported a fiscal Q2 adjusted loss Friday of $0.99 per diluted share, narrowing from a loss of $1.04 a year earlier.

Three analysts polled by FactSet expected a loss of $1.01.

Revenue for the fiscal quarter ended Feb. 28 was $642.5 million, up from $621.1 million a year earlier.

Three analysts surveyed by FactSet expected $635.9 million.

The scrap metal recycling company also maintained a quarterly dividend of $0.1875 per share, payable May 5 to shareholders of record as of April 21.

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