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Schnitzer Steel: Fiscal 1Q Earnings Snapshot

·1 min read

PORTLAND, Ore. (AP) _ Schnitzer Steel Industries Inc. (SCHN) on Thursday reported fiscal first-quarter net income of $14.1 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Portland, Oregon-based company said it had net income of 50 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 57 cents per share.

The recycler of ferrous and nonferrous scrap metal posted revenue of $492.1 million in the period.

Schnitzer Steel shares have climbed 22% since the beginning of the year. The stock has risen 79% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SCHN at https://www.zacks.com/ap/SCHN