Radius Recycling Inc. has announced its financial results for the third quarter of fiscal 2025, ending May 31, 2025. The company reported a net loss of $16 million, showing a notable improvement from the $33 million loss recorded in the second quarter. Radius Recycling's adjusted EBITDA reached $22 million, a significant increase from approximately break-even in the previous quarter. The company saw higher sales volumes across all products, with nonferrous sales volumes increasing by 23% and finished steel sales volumes rising by 15% sequentially. Nonferrous demand was particularly strong in the domestic market, leading to a 7% increase in average net selling prices. Finished steel also saw a 4% rise in average net selling prices. Radius Recycling generated positive operating cash flow of $3 million during the third quarter. The company's total debt stood at $454 million at the end of the quarter, with net debt amounting to $438 million. Capital expenditures for the quarter were $10 million. The company did not provide an earnings outlook due to a pending merger with TAI. The board of Radius Recycling has declared a quarterly dividend.
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