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Schnitzer Steel posts 4Q profit

PORTLAND, Ore. (AP) _ Schnitzer Steel Industries Inc. (SCHN) on Tuesday reported fiscal fourth-quarter earnings of $18.2 million.

On a per-share basis, the Portland, Oregon-based company said it had profit of 64 cents. Earnings, adjusted for non-recurring gains, were 63 cents per share.

The recycler of ferrous and nonferrous scrap metal posted revenue of $494.3 million in the period.

For the year, the company reported net income of $44.5 million, or $1.58 per share, swinging to a profit in the period. Revenue was reported as $1.69 billion.

Schnitzer Steel shares have climbed 16 percent since the beginning of the year. The stock has increased 28 percent 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