Radius Recycling, Inc. - RDUS STOCK NEWS

Radius Recycling (NASDAQ: RDUS) has appointed Mauro Gregorio as a new independent director, effective November 1, 2024. Gregorio, the former President of Performance Materials & Coatings Division at Dow, will serve on the Audit Committee and Compensation and Human Resources Committee. With a 40-year career at Dow, he led the Dow Corning integration, managed feedstock and energy operations, and oversaw Latin American operations. He holds a BS in Chemical Engineering and an MBA, and currently serves on Eagle Materials' board. The appointment expands Radius' board to eight members.

Radius Recycling (NASDAQ: RDUS) reported Q4 and fiscal 2024 results with a net loss of $(16) million, or $(0.56) per share, showing improvement from Q3. Q4 Adjusted EBITDA reached $17 million, nearly double compared to Q3. The company saw significant sequential improvements with ferrous sales volumes up 12%, nonferrous sales volumes up 13%, and finished steel sales up 11%. Performance was driven by stronger nonferrous market conditions, expanded recycled metal spreads, and benefits from the $70 million annual cost reduction program. The Board declared a quarterly dividend of $0.1875 per share.

Radius Recycling (NASDAQ: RDUS) has announced the date for its fourth quarter and fiscal 2024 earnings report. The company will release its financial results on Thursday, October 24, 2024, for the period ended August 31, 2024. A webcast conference call is scheduled for 11:30 a.m. Eastern Time on the same day to discuss the results.

Investors can access the webcast and accompanying slide presentation on the company's website at www.radiusrecycling.com/company/investors. The call will be hosted by Tamara Lundgren, Chairman and CEO, and Stefano Gaggini, Senior VP and CFO.

Radius Recycling (NASDAQ: RDUS) reported its financial results for Q3 fiscal 2024, ending May 31, 2024. The company experienced a net loss of $199 million, translating to a loss per share of $(6.97), attributed mainly to a $216 million non-cash goodwill impairment charge. Adjusted EBITDA improved to $9 million from $3 million in the prior quarter, driven by higher nonferrous and ferrous sales volumes and productivity improvements, though offset by lower ferrous prices. Adjusted loss per share was $(0.59), improving from $(1.04) in Q2. Nonferrous sales prices rose by 10%, while ferrous prices declined by 9%, reflecting divergent market trends. Rolling mill utilization increased to 88% from 81% in the prior quarter. The Board declared a quarterly dividend of $0.1875 per share, payable on August 5, 2024. The company also announced an amendment to its credit agreement, providing relaxed financial covenants and secured revolving credit facilities up to $800 million.

Radius Recycling (NASDAQ: RDUS) will announce its financial results for the third quarter of fiscal 2024, which ended on May 31, 2024, on July 2, 2024. A webcast conference call to discuss the results is scheduled for the same day at 11:30 a.m. Eastern Time. The webcast and accompanying slide presentation can be accessed via the company's investor relations webpage. The call will be hosted by Chairman and CEO Tamara Lundgren, along with Senior VP and CFO Stefano Gaggini.

Radius Pharmaceuticals, Inc. presents real-world evidence comparing TYMLOS to teriparatide in women with osteoporosis, showing lower incidence of hip and non-vertebral fractures with TYMLOS. The data supports TYMLOS as an important treatment option, presented at the World Congress on Osteoporosis, Osteoarthritis and Musculoskeletal Diseases.

Radius Recycling, Inc. (NASDAQ: RDUS) reported a loss per share of $(1.19) and a net loss of $(34) million for the second quarter of fiscal 2024. Despite challenging market conditions, the company increased finished steel sales volumes by 5% year-over-year and set a new cost reduction target of $40 million. The Board declared a quarterly dividend of $0.1875 per share.

Radius Recycling, Inc. (RDUS) reported its fiscal 2024 second-quarter results with a net loss of approximately $(35) million and adjusted EBITDA of $2 million. Market conditions impacted sales volumes, with ferrous sales down by 15% sequentially, nonferrous up by 7% year-over-year, and finished steel up by 5% year-over-year. The company implemented cost reduction measures to achieve $40 million in annual benefits and expects operating cash outflow of $50-60 million for the quarter.

Radius Recycling, Inc. (NASDAQ: RDUS) has been honored as one of the 2024 World’s Most Ethical Companies by Ethisphere for ten consecutive years. The company's commitment to ethics, integrity, and sustainability has been recognized globally, showcasing its dedication to best-in-class practices.