Radius Recycling Inc (OQ:RDUS)
Business Focus: Iron, Steel Mills & Foundries
| 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 |
| 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 six months ended 29 February 2024, Radius Recycling Inc revenues decreased 4% to $1.29B. Net loss before extraordinary items increased from $13.6M to $51.9M. Revenues reflect Ferrous revenues segment decrease of 4% to $665M, Nonferrous revenues segment decrease of 7% to $333.8M, Foreign segment decrease of 8% to $650.8M, United States segment decrease of less than 1% to $643.1M. |
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