Financial Performance - Adjusted EBITDA reached $75 million, marking the best Q2 in the company's history[21, 24] - Adjusted EPS from continuing operations was $1.38[24] - Adjusted EBITDA per ferrous ton was $70[24, 43] Volume and Sales - Ferrous sales volumes increased year-over-year by 10%, reaching 1,071,000 long tons[21, 24] - Nonferrous sales volumes increased year-over-year by 8%, totaling 147 million pounds[21, 24] - Finished steel sales volumes were 106,000 short tons[24] Strategic Initiatives and Sustainability - The company achieved 100% net carbon-free electricity use in FY21[10, 14] - Scope 1 & 2 emissions are 19% below the FY19 base[10] - The company is targeting a ferrous sales volume of 53 million tons by the end of FY23[33] Market Dynamics - The company's steel mill operated at an average utilization rate of 86% in 2Q22[21, 57] - Twitch now accounts for 14% of total nonferrous volumes in 2Q22[51]
Radius Recycling(RDUS) - 2022 Q2 - Earnings Call Presentation