Core Insights - Radius Recycling, Inc. reported a net loss of $37 million and a loss per share of $(1.30) for the first quarter of fiscal 2025, significantly worse than the prior year's loss of $(18) million and $(0.64) per share, primarily due to a negative impact from income tax [2][5][11] - Adjusted EBITDA was break-even, down from $1 million in the same quarter last year, indicating challenges in operational performance despite some improvements in recycled metals contribution [2][3][5] Financial Performance - Revenues for the first quarter of fiscal 2025 were $657 million, a decrease from $673 million in the prior year and $771 million in the previous quarter [6][15] - The gross margin was $33 million, down from $39 million year-over-year and $52 million sequentially [6][15] - Selling, general, and administrative expenses decreased by 10% year-over-year to $57 million [3][6] Market Conditions - The company experienced a 12% increase in average net selling prices for nonferrous metals, which helped offset a 5% decline in average net ferrous prices due to weaker global market conditions [3][4] - Finished steel contributions declined due to a 7% drop in average net selling prices and lower mill utilization, which was reported at 81%, down from 95% in the prior year [3][4][9] Operational Highlights - The company’s ferrous sales volumes were 1,106 thousand LT, down from 1,152 thousand LT in the prior year [6][16] - Nonferrous sales volumes were 177 million pounds, a decrease from 182 million pounds year-over-year [6][16] - The company declared a cash dividend of $0.1875 per common share, marking the 123rd consecutive quarterly dividend [12][16] Strategic Outlook - The CEO indicated expectations for improved demand in the second half of the fiscal year due to inventory rebuilding and seasonality [5] - Long-term demand for recycled metals is anticipated to remain positive, driven by infrastructure investments and the transition to low-carbon technologies [5]

PORTLAND, Ore., Dec. 27, 2024 (GLOBE NEWSWIRE) -- Radius Recycling, Inc. (NASDAQ: RDUS) announced that the Company will report financial results for its first quarter fiscal 2025 ended November 30, 2024 on Wednesday, January 8, 2025. The Company will host a webcast conference call to discuss the results at 11:30 a.m. Eastern Time on the same day. The webcast of the call and the accompanying slide presentation may be accessed on Radius Recycling’s website at www.radiusrecycling.com/company/investors. The cal ...

Core Viewpoint - Radius Recycling emphasizes its commitment to sustainability and its role in the transition to a low-carbon future through the supply of recycled metals critical for sustainable product production [1]. Sustainability Framework - The company operates on a sustainability framework based on three pillars: People, Planet, and Profit, which has been in place for nearly a decade [2]. - Significant progress has been made towards multi-year sustainability goals, including a 30% reduction in greenhouse gas emissions at recycling operations compared to the 2019 baseline and a 16% year-over-year reduction in total case incident rate [2]. Operational Achievements - Radius Recycling diverted millions of tons of ferrous and nonferrous metals from landfills and produced some of the lowest carbon emission finished steel products available [3]. - The company maintained 100% net carbon-free electricity across its recycling operations for the fourth consecutive year [4]. Key Metrics - In fiscal 2024, Radius recycled 4.9 million metric tons of metals, sold 3.8 million recycled auto parts, and 509,000 tons of low carbon emission finished steel products [4]. - 90% of company facilities were free of any lost time injuries [4]. - Employee participation in the 401(k) matching benefit program increased to 70% [4]. Recognition and Awards - Radius Recycling was included in Corporate Knights' Global 100 List of the 2024 Most Sustainable Corporations in the World and recognized by the Ethisphere Institute as one of the 2024 World’s Most Ethical Companies® for the tenth consecutive year [5]. - The company was re-certified as a Great Place to Work® for the fourth consecutive year [5]. Company Overview - Radius Recycling, formerly known as Schnitzer Steel Industries, is one of the largest manufacturers and exporters of recycled metal products in North America, with operations in 25 states, Puerto Rico, and Western Canada [7]. - The company has seven deep-water export facilities and operates 50 stores selling serviceable used auto parts, receiving over 4 million annual retail visits [7].

Core Insights - Radius Recycling, Inc. has appointed Mauro Gregorio as a new independent director, effective November 1, 2024, who will serve on the Audit Committee and the Compensation and Human Resources Committee [1][3] Company Overview - Radius Recycling, Inc. is one of the largest manufacturers and exporters of recycled metal products in North America, with operations in 25 states, Puerto Rico, and Western Canada [4] - The company operates seven deep water export facilities on the East and West Coasts, as well as in Hawaii and Puerto Rico [4] - Radius has an integrated operating platform that includes 50 stores selling used auto parts from salvaged vehicles, receiving over 4 million annual retail visits [4] - The steel manufacturing operations produce finished steel products, including rebar, wire rod, and other specialty products [4] Leadership Background - Mauro Gregorio has nearly 40 years of experience at Dow, where he held multiple leadership roles, including overseeing the post-acquisition integration of Dow Corning and managing the feedstock and energy business unit [2] - He has also served as global Vice President for the Hygiene and Medical Performance Plastics division and had executive oversight of Dow's operations in Latin America [2] - Gregorio holds a BS in Chemical Engineering and an MBA, and currently serves as a Board Director for Eagle Materials, Inc. [2] Strategic Implications - The appointment of Mauro Gregorio is expected to enhance Radius' strategic growth goals and address the increasing global demand for recycled metal products and services [3] - His extensive knowledge of global commodities markets and performance optimization is seen as invaluable for the company's future endeavors [3]

Radius Recycling, Inc. (NASDAQ:RDUS) Q4 2024 Earnings Conference Call October 24, 2024 11:30 AM ET Company Participants Michael Bennett - Vice President of Investor Relations Tamara Lundgren - Chairman and Chief Executive Officer Stefano Gaggini - Senior Vice President and Chief Financial Officer Conference Call Participants Martin Englert - Seaport Research Partners Samuel McKinney - KeyBanc Capital Markets Operator Good day, and thank you for standing by. Welcome to the Radius Recycling's Fourth Quarter 2 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended August 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from ________ to ________ Commission File Number 000-22496 RADIUS RECYCLING, INC. (Exact name of registrant as specified in its charter) OREGON 93-0341923 (State o ...

Company Performance - Radius Recycling reported a quarterly loss of $0.41 per share, which was better than the Zacks Consensus Estimate of a loss of $0.79, and compared to earnings of $0.47 per share a year ago, indicating an earnings surprise of 48.10% [1] - The company posted revenues of $770.82 million for the quarter ended August 2024, surpassing the Zacks Consensus Estimate by 13.19%, and up from $717.93 million in the same quarter last year [1] - Over the last four quarters, Radius Recycling has exceeded consensus EPS estimates four times and topped consensus revenue estimates three times [1] Stock Performance - Radius Recycling shares have declined approximately 44.8% since the beginning of the year, contrasting with the S&P 500's gain of 21.5% [2] - The stock currently holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market in the near future [4] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.66 on revenues of $648.3 million, and for the current fiscal year, it is -$1.02 on revenues of $2.75 billion [4] - The trend of estimate revisions for Radius Recycling is mixed, and future changes in estimates will be closely monitored following the recent earnings report [4] Industry Context - The Waste Removal Services industry, to which Radius Recycling belongs, is currently ranked in the top 39% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [5] - Enviri (NVRI), another company in the same industry, is expected to report quarterly earnings of $0.05 per share, with revenues projected to be $612.1 million, reflecting a 16.7% increase from the previous year [5]

EXHIBIT 99.1 Radius Recycling Reports Fourth Quarter and Fiscal 2024 Financial Results Significant Sequential Improvement in Operating and Financial Performance in Q4 Ferrous, Nonferrous and Finished Steel Sales Volumes Up Sequentially Radius Board Declares Quarterly Dividend PORTLAND, Ore., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Radius Recycling, Inc. (NASDAQ: RDUS) today reported results for the fourth quarter and fiscal year ended August 31, 2024. The Company reported a net loss of $(16) million, or $(13) per ...

PORTLAND, Ore., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Radius Recycling, Inc. (NASDAQ: RDUS) announced that the Company will report financial results for its fourth quarter and fiscal 2024 ended August 31, 2024 on Thursday, October 24, 2024. The Company will host a webcast conference call to discuss the results at 11:30 a.m. Eastern Time on the same day. The webcast of the call and the accompanying slide presentation may be accessed on Radius Recycling's website at www.radiusrecycling.com/company/investors. The ...

Radius Recycling, Inc. (NASDAQ:RDUS) Q3 2024 Earnings Conference Call July 2, 2024 11:30 AM ET Company Participants Michael Bennett - Vice President, Investor Relations Tamara Lundgren - Chairman and Chief Executive Officer Stefano Gaggini - Chief Financial Officer Conference Call Participants Martin Englert - Seaport Research Partners Samuel McKinney - KeyBanc Capital Markets Operator Good day and thank you for standing by. Welcome to the Radius Recycling’s Third Quarter 2024 Earnings Release Call and Webc ...