Schnitzer Steel Industries swings to loss
Oct 25, 2012 | 05:36 PM
| Lisa Gordon
PITTSBURGH Schnitzer Steel Industries Inc. swung to a net loss in the fiscal fourth quarter on lower metals recycling volumes and a restructuring charge, but was profitable for the full year with operating cash flow of $245 million.
The Portland, Ore.-based steelmaker, recycler and scrap exporter posted a $485,000 net loss for the three months ended Aug. 31 vs. year-earlier net income of $36.7 million on sales that fell 29.5 percent to $762.2 million from $1.08 billion in the same comparison.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.