Radius Recycling: Q1 Fiscal 2025 Earnings Snapshot

SEATTLE (Scrap Monster):  Radius Recycling, Inc. reported results for the first quarter of fiscal 2025 ended November 30, 2024.

In the first quarter of fiscal 2025, the firm recorded a net loss of $37 million and a loss per share from continuing operations of $1.30. This contrasts with a net loss of $18 million in the first quarter of the previous fiscal year and a loss per share from continuing operations of $0.64. In fiscal 2025, it reported breakeven adjusted EBITDA for the first quarter. According to a press statement from the corporation, the quarter's adjusted loss per share from continuing operations was $1.33.

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Radius Recycling's operating performance were comparatively consistent from year to year. Due primarily to strong nonferrous demand and productivity-boosting initiatives put in place over the past year, the contribution from recycled metals improved over the previous quarter. However, the contribution of completed steel decreased year over year as a result of the weakening local steel market.

Radius Recycling's chairman and CEO, Tamara Lundgren, commented on the results, saying that even in the face of more difficult market conditions, the company's consolidated operating performance held up well against further challenges. She said that better demand in the second half of the fiscal year will be driven by seasonality and inventory accumulation.