RDUS - Radius Recycling Reeling Stock Slides After Q3 Sales Miss: Details | Benzinga
Radius Recycling, Inc. (NASDAQ:RDUS) shares are trading lower after the company reported worse-than-expected third-quarter sales results.
Revenue stood at $674 million, missing the consensus of $693.9 million.
Ferrous sales volumes (LT, in thousands) decreased to 1,112 from 1,157 a year ago; adjusted EBITDA per ferrous ton sold ($/LT) was $8 compared to $48 in the prior year quarter. Average net ferrous sales prices ($/LT) fell to $350 from $413 last year.
Finished steel average net sales price ($/ST) came in at $817 (vs. 924 a year ago), and sales volumes (ST, in thousands) of 126 (vs. ...