Radius Recycling, Inc. (RDUS) posted a third quarter loss from continuing operations of $198.49 million compared to net income of $13.84 million, last year. Loss per share from continuing operations was $6.97 compared to profit of $0.48. The company noted that its results included a goodwill impairment charge of $216 million or $6.21 per share net of taxes. Adjusted loss per share from continuing operations was $0.59 compared to profit of $0.67. Analysts polled by Thomson Reuters expected the company to report a loss per share of $0.66, for the quarter. Analysts' estimates typically exclude special items.
Revenues declined to $673.92 million from $809.61 million, last year. Analysts on average had estimated $693.9 million in revenue.
The Board declared a cash dividend of $0.1875 per common share, payable August 5, 2024 to shareholders of record on July 22, 2024.
Shares of Radius Recycling are down 8% in pre-market trade on Tuesday.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.