Radius Recycling Fiscal Q1 Adjusted Loss Widens, Revenue Falls; Quarterly Dividend Unchanged

MT Newswires Live
01-08

Radius Recycling (RDUS) late Tuesday reported a fiscal Q1 adjusted net loss of $1.33 per diluted share, wider than a loss of $0.64 a year earlier.

Three analysts polled by FactSet expected a $0.43 loss.

Revenue for the quarter ended Nov. 30 was $656.5 million, down from $672.9 million a year earlier.

Three analysts polled by FactSet expected $665.9 million.

The metals recycler said its board maintained a quarterly dividend of $0.1875 per share, payable Feb. 18 to shareholders of record on Feb. 3.

Shares of the company fell 1.8% in after-hours activity.

Price: 14.50, Change: -0.27, Percent Change: -1.83

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