Radius Recycling Inc. has announced its financial results for the third quarter of fiscal 2025, ending May 31, 2025. The company reported a net loss of $16 million, showing a notable improvement from the $33 million loss recorded in the second quarter. Radius Recycling's adjusted EBITDA reached $22 million, a significant increase from approximately break-even in the previous quarter. The company saw higher sales volumes across all products, with nonferrous sales volumes increasing by 23% and finished steel sales volumes rising by 15% sequentially. Nonferrous demand was particularly strong in the domestic market, leading to a 7% increase in average net selling prices. Finished steel also saw a 4% rise in average net selling prices. Radius Recycling generated positive operating cash flow of $3 million during the third quarter. The company's total debt stood at $454 million at the end of the quarter, with net debt amounting to $438 million. Capital expenditures for the quarter were $10 million. The company did not provide an earnings outlook due to a pending merger with TAI. The board of Radius Recycling has declared a quarterly dividend.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Radius Recycling Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001171843-25-004250), on July 01, 2025, and is solely responsible for the information contained therein.
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