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Radius Recycling (RDUS) Reports Q3 Loss, Beats Revenue Estimates
ZACKS· 2025-07-01 14:36
Group 1 - Radius Recycling reported a quarterly loss of $0.39 per share, significantly better than the Zacks Consensus Estimate of a loss of $0.87, representing an earnings surprise of +55.17% [1] - The company posted revenues of $726.99 million for the quarter ended May 2025, exceeding the Zacks Consensus Estimate by 7.38% and showing an increase from $673.92 million year-over-year [2] - Radius Recycling shares have increased approximately 95.1% since the beginning of the year, outperforming the S&P 500's gain of 5.5% [3] Group 2 - The earnings outlook for Radius Recycling is mixed, with the current consensus EPS estimate for the coming quarter at -$0.56 on revenues of $663 million, and -$3.84 on revenues of $2.62 billion for the current fiscal year [7] - The Zacks Industry Rank indicates that the Waste Removal Services sector is currently in the bottom 30% of over 250 Zacks industries, which may impact the stock's performance [8]
Toppoint Holdings Provides 2024 Year-End Business Update and Strategic Growth Outlook
Globenewswire· 2025-04-16 12:30
Core Insights - Toppoint Holdings successfully completed a $10 million IPO on NYSE American, enhancing its visibility and providing capital for strategic initiatives [3][2] - The company reported a revenue decline to $16.0 million in 2024 from $18.0 million in 2023, primarily due to reduced wastepaper export volumes [9] - Despite the revenue drop, Toppoint maintained profitability with a net income of $0.2 million in 2024, down from $0.5 million in 2023 [13] Financial Performance - Revenue for 2024 was $16.0 million, a decrease of 11.1% from $18.0 million in 2023, attributed to lower demand for recycled materials and port disruptions [9] - Cost of revenues decreased to $13.7 million in 2024 from $15.4 million in 2023, reflecting reduced freight activity [10] - Gross profit was $2.3 million in 2024, down from $2.6 million in 2023, with a stable gross margin of 14.6% compared to 14.7% in the prior year [11] - Selling, general and administrative expenses rose to $2.9 million in 2024 from $1.9 million in 2023, driven by investments in personnel and technology [12] - The company’s net income for 2024 was $0.2 million, a decrease from $0.5 million in 2023, influenced by lower revenue and increased expenses [13] Strategic Initiatives - Toppoint expanded its operations into high-volume regional markets including Tampa, Jacksonville, Miami, Baltimore, and Ensenada, Mexico, enhancing its East Coast leadership [2] - The company modernized its chassis fleet by acquiring new adjustable models, improving asset utilization and service reliability [6] - Toppoint entered the refrigerated logistics sector through a partnership with a nationwide cold-chain provider, diversifying its service portfolio [4] - The company strengthened relationships with key customers, including an expanded partnership with Waste Management, expected to add approximately 1,000 loads annually and generate up to $2 million in incremental revenue [5]