RDUS - Schnitzer Steel's Adjusted Loss Widens But Still Outperforms Analyst Expectations | Benzinga
Schnitzer Steel Industries, Inc. (NASDAQ: RDUS) reported first-quarter FY24 revenue growth of 12.4% year-over-year to $672.89 million, beating the consensus of $643.35 million.
Adjusted loss per share expanded to 64 cents from 44 cents in the first quarter of 2023. It beat the consensus of 70 cents.
Gross margin declined 20.4% Y/Y to $39 million, and Operating loss expanded to $22.98 million from $16.31 million a year ago.
The company stated that its first quarter's operating ...