PORTLAND — Schnitzer Steel Industries Inc. on Wednesday reported a fiscal third-quarter loss of $5 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Portland, Oregon-based company said it had a loss of 18 cents. Earnings, adjusted for one-time gains and costs, were 5 cents per share.
The recycler of ferrous and nonferrous scrap metal posted revenue of $402.7 million in the period.
Schnitzer Steel shares have fallen 19% since the beginning of the year. The stock has declined 33% in the last 12 months.
