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Radius Recycling Reports Second Quarter Fiscal 2025 Financial Results
Fri 04 Apr 25, 12:30 PMRadius Recycling Lands Merger Deal At 115% Premium, Stock Skyrockets
Fri 14 Mar 25, 09:19 AMThe past three years for Radius Recycling (NASDAQ:RDUS) investors has not been profitable
Sun 02 Feb 25, 02:56 PMRadius Recycling, Inc. Appoints Mauro Gregorio to its Board of Directors
Thu 24 Oct 24, 08:00 PM| Breakdown | 2023-08-31 | 2022-08-31 | 2021-08-31 | 2020-08-31 | 2019-08-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-08-31 | 2022-08-31 | 2021-08-31 | 2020-08-31 | 2019-08-31 |
| Income before tax | -28.07600M | 216.68M | 207.99M | -1.93900M | -132.99300M |
| Minority interest | -0.35300M | 3.20M | -4.86300M | 1.95M | 1.98M |
| Net income | -25.79100M | 168.80M | 165.11M | -4.14500M | -132.99300M |
| Selling general administrative | 265.93M | 263.26M | 242.46M | 144.15M | 152.70M |
| Selling and marketing expenses | - | - | - | 43.72M | - |
| Gross profit | 307.71M | 488.07M | 453.19M | 208.62M | 157.23M |
| Reconciled depreciation | 89.76M | 75.05M | 58.60M | 58.17M | 53.34M |
| Ebit | - | 151.81M | 155.68M | -36.72100M | -108.63000M |
| Ebitda | - | 226.86M | 214.28M | 21.45M | -106.32200M |
| Depreciation and amortization | - | 75.05M | 58.60M | 58.17M | 2.31M |
| Non operating income net other | - | -0.69200M | -0.45500M | -0.12400M | 0.64M |
| Operating income | 41.78M | 225.91M | 213.73M | 6.85M | -112.22900M |
| Other operating expenses | - | 3261.00M | 2547.82M | 1691.60M | 285.55M |
| Interest expense | 18.59M | 8.54M | 5.29M | 8.67M | 24.36M |
| Tax provision | -2.74700M | 44.60M | 37.94M | 0.17M | 17.67M |
| Interest income | - | - | - | - | 8.27M |
| Net interest income | -18.58900M | -8.53800M | -5.28500M | -8.66900M | -8.26600M |
| Extraordinary items | - | - | - | - | -0.24800M |
| Non recurring | - | - | - | - | - |
| Other items | - | - | - | - | - |
| Income tax expense | - | 44.60M | 37.94M | 0.17M | 3.60M |
| Total revenue | 2882.22M | 3485.82M | 2758.55M | 1712.34M | 173.32M |
| Total operating expenses | 2840.44M | 263.26M | 242.46M | 187.88M | 269.46M |
| Cost of revenue | 2574.51M | 2997.74M | 2305.36M | 1503.72M | 16.09M |
| Total other income expense net | -51.26900M | 0.40M | 2.54M | -14.01200M | -20.76400M |
| Discontinued operations | - | -0.08300M | -0.07900M | -0.09500M | -0.24800M |
| Net income from continuing ops | -25.32900M | 172.08M | 170.05M | -2.10500M | 58.57M |
| Net income applicable to common shares | - | 168.80M | 165.11M | -4.14500M | 56.34M |
| Preferred stock and other adjustments | - | - | - | - | - |
| Breakdown | 2023-08-31 | 2022-08-31 | 2021-08-31 | 2020-08-31 | 2019-08-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-08-31 | 2022-08-31 | 2021-08-31 | 2020-08-31 | 2019-08-31 |
| Total assets | 1715.95M | 1826.60M | 1494.36M | 1229.93M | 219.15M |
| Intangible assets | 32.54M | 26.16M | 3.98M | 4.58M | 6.58M |
| Earning assets | - | - | - | - | - |
| Other current assets | 55.22M | 74.74M | 44.77M | 48.33M | 13.54M |
| Total liab | 804.29M | 868.12M | 654.58M | 549.49M | 261.43M |
| Total stockholder equity | 908.18M | 953.98M | 835.76M | 676.71M | -42.27900M |
| Deferred long term liab | - | 63.33M | 40.59M | 38.29M | 25.47M |
| Other current liab | 284.54M | 353.87M | 327.78M | 113.80M | 55.23M |
| Common stock | - | 26.95M | 27.53M | 27.10M | 0.00500M |
| Capital stock | 27.51M | 26.95M | 27.53M | 27.10M | 26.66M |
| Retained earnings | 894.32M | 941.15M | 793.71M | 649.86M | -1236.61400M |
| Other liab | - | 142.38M | 117.27M | 98.59M | 87.44M |
| Good will | 343.12M | 368.68M | 257.35M | 239.71M | 238.06M |
| Other assets | - | 63.48M | 64.23M | 49.44M | 48.06M |
| Cash | 6.03M | 43.80M | 27.82M | 17.89M | 69.89M |
| Cash and equivalents | - | - | - | - | - |
| Total current liabilities | 323.93M | 381.57M | 352.85M | 223.66M | 61.26M |
| Current deferred revenue | - | -217.68900M | -179.91700M | 1.00M | -2.19800M |
| Net debt | 243.36M | 328.07M | 181.72M | 211.53M | 216.72M |
| Short term debt | - | 27.70M | 25.07M | 2.18M | 2.20M |
| Short long term debt | 5.81M | 6.04M | 3.65M | 2.18M | 1.32M |
| Short long term debt total | - | 371.87M | 209.53M | 229.42M | 286.61M |
| Other stockholder equity | - | 22.98M | 49.07M | -1309.20600M | 1199.56M |
| Property plant equipment | - | 786.53M | 693.89M | 487.00M | 456.40M |
| Total current assets | 550.34M | 671.39M | 543.11M | 362.63M | 203.06M |
| Long term investments | 10.75M | 12.84M | 12.84M | 10.06M | 10.28M |
| Net tangible assets | - | 585.30M | 661.48M | 502.50M | 523.25M |
| Short term investments | - | - | - | 23.28M | 91.02M |
| Net receivables | 210.44M | 237.65M | 214.10M | 139.15M | 23.29M |
| Long term debt | 243.58M | 242.52M | 71.30M | 102.23M | 103.78M |
| Inventory | 278.64M | 315.19M | 256.43M | 157.27M | 5.32M |
| Accounts payable | 209.42M | 217.69M | 179.92M | 106.68M | 6.03M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | 4.50M | 4.01M | 3.73M | 4.33M |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | - | -37.08900M | -34.55400M | -36.87100M | -5.22600M |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | - | 26.95M | 27.53M | 27.10M | 26.66M |
| Preferred stock total equity | - | - | - | - | - |
| Retained earnings total equity | - | 941.15M | 793.71M | 649.86M | 675.36M |
| Treasury stock | - | - | - | - | - |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | 47.70M | -37.43900M | -40.40500M | -37.20900M | 0.51M |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | 1165.61M | 1155.21M | 951.25M | 867.30M | 16.09M |
| Capital lease obligations | 115.92M | 123.31M | 134.58M | 144.76M | - |
| Long term debt total | - | 242.52M | 71.30M | 102.23M | 103.78M |
| Breakdown | 2023-08-31 | 2022-08-31 | 2021-08-31 | 2020-08-31 | 2019-08-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-08-31 | 2022-08-31 | 2021-08-31 | 2020-08-31 | 2019-08-31 |
| Investments | -143.96900M | -5.00000M | -117.64900M | -78.85500M | 0.64M |
| Change to liabilities | - | 12.64M | 64.96M | 12.78M | -39.22700M |
| Total cashflows from investing activities | - | -316.14600M | -117.64900M | -78.85500M | -89.56500M |
| Net borrowings | - | 163.89M | -31.32400M | -10.31300M | -4.40700M |
| Total cash from financing activities | -33.13200M | 94.57M | -62.82100M | -40.50400M | 5.71M |
| Change to operating activities | - | -42.01100M | 24.52M | 23.53M | -21.63500M |
| Net income | -25.79100M | 172.00M | 169.97M | -2.20000M | -132.99300M |
| Change in cash | -37.77100M | 15.98M | 9.93M | 5.51M | 10.57M |
| Begin period cash flow | 43.80M | 27.82M | 17.89M | 12.38M | 59.88M |
| End period cash flow | 6.03M | 43.80M | 27.82M | 17.89M | 70.45M |
| Total cash from operating activities | 139.36M | 237.68M | 190.06M | 124.60M | -82.41400M |
| Issuance of capital stock | - | - | - | - | - |
| Depreciation | 89.76M | 75.05M | 58.60M | 58.17M | 2.31M |
| Other cashflows from investing activities | - | -161.02500M | 0.63M | 3.15M | 4.41M |
| Dividends paid | 21.19M | 21.29M | 21.26M | 20.88M | 20.61M |
| Change to inventory | 48.04M | -37.23200M | -88.62200M | 39.23M | 0.89M |
| Change to account receivables | 11.64M | 0.63M | -84.08600M | -2.25200M | -6.53100M |
| Sale purchase of stock | 0.00000M | -34.24800M | 0.00000M | -0.91400M | -13.08300M |
| Other cashflows from financing activities | - | -15.86600M | 536.47M | -10.37600M | 5.71M |
| Change to netincome | - | 33.20M | 26.80M | 27.43M | 30.13M |
| Capital expenditures | 129.52M | 150.12M | 118.87M | 82.00M | 94.61M |
| Change receivables | - | 0.63M | -84.08600M | -2.25200M | 9.48M |
| Cash flows other operating | - | -18.62000M | 0.90M | -8.55200M | -0.76400M |
| Exchange rate changes | - | - | - | - | - |
| Cash and cash equivalents changes | - | 16.10M | 9.59M | 5.24M | 7.91M |
| Change in working capital | 16.49M | -59.01300M | -61.69500M | 36.10M | 8.72M |
| Stock based compensation | 11.19M | 18.52M | 18.21M | 10.03M | 23.61M |
| Other non cash items | 0.31M | 6.07M | -1.91200M | 7.39M | 15.93M |
| Free cash flow | 9.85M | 87.56M | 71.20M | 42.59M | -82.41400M |
Sector: Basic Materials Industry: Steel
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| RDUS Radius Recycling, Inc. |
- -% | - | - | 54.35 | 0.17 | 0.57 | 0.34 | 20.97 |
| NUE Nucor Corp |
-3.615 1.43% | 249.78 | 9.01 | 14.84 | 1.21 | 2.11 | 1.21 | 5.42 |
| AMSYF ArcelorMittal SA |
- -% | 65.37 | 11.82 | 12.18 | 0.64 | 0.68 | 0.90 | 7.76 |
| PKX POSCO Holdings Inc |
-0.56 0.92% | 60.26 | 29.47 | 10.88 | 0.0004 | 0.68 | 0.0005 | 0.0057 |
| MT ArcelorMittal SA ADR |
-2.0 2.98% | 65.18 | 5.71 | 7.20 | 0.33 | 0.42 | 0.39 | 3.50 |
Radius Recycling, Inc. recycles ferrous and nonferrous metal, and manufactures finished steel products worldwide. The company acquires, processes, and recycles salvaged vehicles, rail cars, home appliances, industrial machinery, manufacturing scrap, and construction and demolition scrap. It offers recycled ferrous metal, a feedstock used in the production of finished steel products; and nonferrous products, including mixed metal joint products recovered from the shredding process, such as zorba, zurik, aluminum, copper, stainless steel, nickel, brass, titanium, lead, and high temperature alloys. The company also procures salvaged vehicles and sells serviceable used auto parts from these vehicles through its retail self-service auto parts stores. In addition, it produces various finished steel products using ferrous recycled metal and other raw materials, as well as semi-finished goods, which include billets; and finished goods consisting of rebar, coiled rebar, wire rods, merchant bars, and other specialty products. Further, the company sells catalytic converters to specialty processors that extract the nonferrous precious metals, including platinum, palladium, and rhodium; and ferrous and nonferrous recycled metal products to steel mills, foundries, refineries, smelters, wholesalers, and recycled metal processors, as well as finished steel customers, such as steel service centers, construction industry subcontractors, steel fabricators, wire drawers, and major farm and wood products suppliers. It also provides recycling and related services, including scrap brokerage, certified destruction, automotive parts recycling, railcar dismantling, and reverse logistics under 3PR brand name. Radius Recycling, Inc. was formerly known as Schnitzer Steel Industries, Inc. and changed its name to Radius Recycling, Inc. in January 2024. Radius Recycling, Inc. was founded in 1906 and is headquartered in Portland, Oregon.
299 SW Clay Street, Portland, OR, United States, 97201
| Name | Title | Year Born |
|---|---|---|
| Ms. Tamara L. Lundgren J.D. | Chairman, Pres & CEO | 1958 |
| Mr. Richard D. Peach | Exec. VP & Chief Strategy Officer | 1964 |
| Mr. Michael R. Henderson | Sr. VP & Pres of Operations | 1959 |
| Mr. Steven G. Heiskell | Sr. VP & Pres of Products and Services | 1969 |
| Mr. Stefano R. Gaggini | Sr. VP & CFO | 1971 |
| Mr. Mark Schuessler | VP & Chief Accounting Officer | 1979 |
| Mr. Michael Bennett | VP of Investor Relations | NA |
| Mr. James Matthew Vaughn | Sr. VP, Gen. Counsel & Corp. Sec. | 1973 |
| Mr. Robert Stone | VP of Corp. Devel. | NA |
| Mr. Erich D. Wilson | Sr. VP, Chief HR Officer & Chief of Corp. Operations | 1969 |
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