에 대한 최신 뉴스 Radius Recycling (NASDAQ:RDUS) 주식

Radius Recycling

Schnitzer Steel

Schnitzer Steel Indus

Radius Recycling Inc is a North American Based company which is involved in recycling of ferrous and nonferrous metal, including end-of-life vehicles, and a manufacturer of finished steel products. As a vertically integrated organization, it offers products and services to meet world-wide demand through the network that includes fifty retail self-service auto parts stores, fifty four metals recycling facilities, and an electric arc furnace steel mill.

Radius Health

Commodities

AAUKF

RDUS

USGO

2024년 5월 30일 주요 뉴스:1. U.S. 스틸(NYSE:X)와 일본제철(Nippon Steel)은 제안된 거래에 대해 미국 외 국가들의 모든 필요한 규제 승인을 모두 받았다. 이러한 승인은 EU, 멕시코, 세르비아, 슬로바키아, 터키 및 영국을 포함한 다양한 국제 경쟁 당국들으로부터 나왔다.

목요일 주요 광업 뉴스: U.S. 스틸, BHP-앵글로 아메리칸 합의 실패,  U.S. 골드마이닝 등

Equities

Markets

ABAT

NEXA

VALE

2024년 4월 4일 주요 소식:




Radius Recycling (NASDAQ:RDUS)는 제 2분기 재정으로 3,400만 달러(주당 1.19달러의 순손실), 조정된 EBITDA로 300만 달러, 주당 1.04달러의 순손실을 지속 운영사업으로부터 보고했다. 




이번 분기 회사는 리사이클된 금속 공급물의 부족, 불리한 날씨, 미국의 제조 활동이 둔화되는 것과 같은 도전에

목요일 최신 광업 뉴스: 래디우스, 아메리칸 배터리, 넥사 리소스, 뉴몬트, 발리

Radius Recycling, Inc. - Class A Common Stock

Radius Recycling Inc

Radius Recycling, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) shares are trading lower on Wednesday. On Tuesday, the company reported first-quarter&nbsp;revenue of&nbsp;$656.54 million, missing <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/g42862059/radius-recycling-reports-first-quarter-fiscal-2025-financial-results" rel="noreferrer noopener">the consensus of&nbsp;$665.6 million</a>.
Ferrous sales volumes (LT, in thousands) decreased to 1,106 from 1,152 a year ago; adjusted EBITDA per ferrous ton sold ($/LT) was&nbsp;nil compared to&nbsp;$1&nbsp;in the prior year quarter.
Average net ferrous sales prices ($/LT) fell to $338 from $354 last year. Finished steel average net sales price ($/ST) came in at $775 (vs. 831 a year ago), and sales volumes (ST, in thousands) of 125 (vs. 129 in the comparable period).
Nonferrous prices rose 12%, offsetting a 5% decline in ferrous prices due to soft global markets and high Chinese steel exports.
Finished steel contribution fell due to weaker domestic conditions and a drop in prices. Lower mill utilization in the first quarter, from scheduled maintenance, also impacted results.
Gross margin declined to&nbsp;$33 million&nbsp;from&nbsp;$39 million&nbsp;a year ago, and adjusted EBITDA was nil, compared to&nbsp;$1 million&nbsp;a year ago.
Adjusted loss per share was $1.33 compared to a loss of $0.64 prior year, also <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">missing the consensus loss of $0.10.</a>
The company witnessed strong stronger recycled metals contribution driven by productivity gains and higher nonferrous demand.
The company&#8217;s operating cash flow was nearly break-even in the first quarter of fiscal 2025. Total debt stood at $445 million at the end of the quarter, and debt, net of cash, was $430 million.
Dividend: The Board of Directors declared a cash dividend of $0.1875 per common share, payable on February 18, 2025, to shareholders of record as of February 3, 2025.&nbsp;
Tamara Lundgren, Chairman and Chief Executive Officer, said, &#8220;We expect inventory rebuilding and seasonality will drive improved demand in the second half of our fiscal year.&#8221;
&#8220;In the longer-term, the demand for recycled metals remains positive, underpinned by increased investments in infrastructure, including for energy projects, industrial reshoring, continued growth in U.S. electric arc furnace steelmaking capacity, and the transition to low-carbon technologies.&#8221;
Price Action: RDUS shares are trading lower by 25.8% at $10.96 at the last check Wednesday.
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Earnings

News

Dividends

Small Cap

Movers

Radius Recycling's Q1 Revenue Falls Short, Declines in Ferrous Sales Weigh on Results

Radius Recycling&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) reported quarterly losses of $(1.33) per share which missed the analyst consensus estimate of $(0.43) by 209.3 percent. This is a 107.81 percent decrease over losses of $(0.64) per share from the same period last year. The company reported quarterly sales of $656.54 million which missed the analyst consensus estimate of $665.90 million by 1.41 percent. This is a 2.43 percent decrease over sales of $672.90 million the same period last year.

Radius Recycling Q1 Adj $(1.33) Misses $(0.43) Estimate, Sales $656.54M Miss $665.90M Estimate

WIIM

Radius Recycling shares are trading lower after the company reported worse-than-expected Q1 financial results.

Radius Pharmaceuticals Grants Pharmanovia Exclusive Commercialization Rights To Abaloparatide

Radius Pharmaceuticals Expands Abaloparatide Licensing Agreement With Theramex, Granting Exclusive Commercialization Rights For ELADYNOS In Mexico, Canada, South Africa, Israel, And Russia, Along With Additional Unpartnered Regions; Radius To Receive Upfront And Milestone Payments Plus Tiered Royalties

Goldman Sachs analyst Mike Harris initiates coverage on Radius Recycling (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) with a Neutral rating and announces Price Target of $22.

Price Target

Initiation

Analyst Ratings

Goldman Sachs Initiates Coverage On Radius Recycling with Neutral Rating, Announces Price Target of $22

Management

Radius Recycling Appoints Marc Hathhorn As COO

Radius Recycling (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) reported quarterly losses of $(0.41) per share which beat the analyst consensus estimate of $(0.59) by 30.51 percent. This is a 187.23 percent decrease over earnings of $0.47 per share from the same period last year. The company reported quarterly sales of $771.00 million which beat the analyst consensus estimate of $688.95 million by 11.91 percent. This is a 7.38 percent increase over sales of $718.00 million the same period last year.

Earnings Beats

Radius Recycling Q4 2024 Adj EPS $(0.41) Beats $(0.59) Estimate, Sales $771.00M Beat $688.95M Estimate

U.S. equities were little moved on Tuesday as investors continued to assess the potential for interest rate cuts following the latest economic data and comments from <a href="https://www.benzinga.com/markets/bonds/24/07/39600702/fed-chair-powell-warns-of-unsustainable-us-debt-path-downplays-risks-of-possible-trump-attacks-on-c">Fed Chair Jerome Powell.</a>
Speaking at the European Central Bank (ECB) forum in Portugal, Powell welcomed recent progress on disinflation and noted that the labor market is &#8220;appropriately cooling,&#8221; reinforcing market expectations for reduced borrowing costs later this year. He anticipates inflation to be between 2% and 2.5% by this time next year but did not commit to a specific course of action.
Powell also highlighted the unsustainable trajectory of the U.S. national debt, labeling it a &#8220;top-level issue&#8221; for policymakers at Capitol Hill.
On the data front, the Job Openings and Labor Turnover Survey (JOLTS) report revealed a surge of 221,000 job vacancies, reaching 8.14 million in May and surpassing the forecast of 7.91 million.
Traders are now looking ahead to further crucial labor market data, including the private ADP employment report on Wednesday and the official June employment situation on Friday.
Indices and sectors traded within narrow ranges, with only a few standout performers. Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) made headlines, soaring over 9% as second-quarter deliveries exceeded market expectations. The EV giant, led by Elon Musk, delivered 443,956 vehicles in the second quarter, marking a 4.8% decrease from the previous year but surpassing estimates of 438,019 vehicles.
Treasury yields remained mostly unchanged, with the 10-year yield at 4.45%. Commodities showed little movement as well, with West Texas Intermediate (WTI) light crude trading flat at $83.50 and gold dipping by 0.3%.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) declined by 1.6%, falling below $62,000.
<h1 class="wp-block-heading">Tuesday&#8217;s Performance In Major US Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,895.50</td>
<td>0.4%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,484.20</td>
<td>0.2%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>201.12</td>
<td>0.0%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>39,118.69</td>
<td>-0.1%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:05 p.m. ET</figcaption></figure>
<h1 class="wp-block-heading">According to&nbsp;<a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070224&amp;t=be2bearmibe3na1">Benzinga Pro&nbsp;data:</a></h1>
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 0.2% higher to $546.40.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;was 0.1% lower to $391.26.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(ARCA:&nbsp;<a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a><a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a>QQQ) was 0.5% higher to $484.63.</li>
<li>Sector-wise, the&nbsp;Consumer Discretionary&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)&nbsp;outperformed, up by 1.5%, aided by Tesla&#8217;s remarkable rally, while the&nbsp;Health Care Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) lagged, falling 0.7%.</li>
</ul>

<h1 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h1>
<ul>
<li>R1 RCM Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCM#NASDAQ">RCM</a>) tumbled 15.2% after New Mountain Capital announced it was no longer interested in a joint acquisition of R1 with TCP/ASC and reduced its proposed takeover offer.</li>
<li>Insurance technology company Roadzen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDZN#NASDAQ">RDZN</a>) skyrocketed 75%, notching the highest one-day rally since inception, in reaction to the company&#8217;s quarterly earnings. </li>
<li>Other companies reacting to earnings were MSC Industrial Direct Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>) and Radius Recycling Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) down over 8%, </li>
</ul>
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Bonds

Specialty ETFs

Economics

Federal Reserve

$BTC

SPDR Dow Jones Industrial Average ETF Trust

RDZN

TSLA

Select Sector SPDR-Consumer Discretionary

Stocks Hold Steady As Powell Reassures On Disinflation Path, Warns About Debt Risks; Tesla Rallies, Job Openings Spike: What's Driving Markets Tuesday?

Radius Recycling, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) shares are trading lower after the company reported worse-than-<a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/g39593193/radius-recycling-reports-third-quarter-fiscal-2024-financial-results" rel="noreferrer noopener">expected third-quarter sales results</a>.
Revenue stood at $674 million, missing the consensus of $693.9 million.
Ferrous sales volumes (LT, in thousands) decreased to 1,112 from 1,157 a year ago; adjusted EBITDA per ferrous ton sold ($/LT) was $8 compared to $48 in the prior year quarter. Average net ferrous sales prices ($/LT) fell to $350 from $413 last year.
Finished steel average net sales price ($/ST) came in at $817 (vs. 924 a year ago), and sales volumes (ST, in thousands) of 126 (vs. 142 in the comparable period).
Gross margin declined to $46 million from $96 million a year ago, and adjusted EBITDA decreased to $9 million, compared to $56 million a year ago.
Adjusted loss per share of $0.59, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus loss of $0.66</a>.
In the third quarter, the company realized about three-quarters of the quarterly benefits from its previously announced $70 million annual cost reduction and productivity improvement plan.
In the quarter, the company had an operating cash outflow of $1 million, and debt stood at $411 million.
Tamara Lundgren, Chairman and Chief Executive Officer, said, &#8220;Although market conditions continued to remain challenging during the quarter, our operating performance reflected the benefits from delivering our cost reduction and productivity improvement programs and successfully increasing sales volumes for all of our products and services.&#8221;&nbsp;&nbsp;&nbsp;
&#8220;We expect that as manufacturing activity improves and construction activity picks up, supply flows should expand. Independent of the timing of that recovery, we are continuing to see benefits from progress on our strategic initiatives which include investments in advanced nonferrous metal recovery technologies and <a href="https://www.benzinga.com/calendars/guidance">expansion of our recycling services platform.&#8221;</a>
Dividend: The board declared a cash dividend per share of $0.1875, payable on August 5, to shareholders of record as of July 22.&nbsp;
Price Action: RDUS shares are trading lower by 13.2% at $13.27 at the last check Tuesday.
Photo via Shutterstock

Radius Recycling Reeling, Stock Slides After Q3 Sales Miss: Details

Radius Recycling shares are trading lower after the company reported worse-than-expected Q3 sales results.

Earnings Misses

Radius Recycling Q3 2024 Adj EPS $(0.59) Beats $(0.66) Estimate, Sales $673.920M Miss $693.900M Estimate

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the &#8220;Neutral&#8221; zone on Monday.
U.S. stocks recorded gains on Monday, with the Nasdaq Composite settling at a record level during the session. Shares of  Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) gained 2.2%, while Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) gained around 2.9% on Monday.
The technology-heavy Nasdaq jumped 18.1% in the first half of the year, while the S&amp;P 500 surged 14.5%.
Most sectors on the S&amp;P 500 closed on a negative note, with materials, industrials, and real estate stocks recording the biggest losses on Monday. However, information technology and consumer discretionary stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed higher by over 50 points to 39,169.52 on Monday. The S&amp;P 500 rose 0.27% at 5,475.09, while the Nasdaq Composite climbed 0.83% at 17,879.30 during Monday's session.
Investors are awaiting earnings results from MSC Industrial Direct Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>), Radius Recycling, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>), and Simulations Plus, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLP#NASDAQ">SLP</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 48.1, the index remained in the &#8220;Neutral&#8221; zone on Monday, versus a prior reading of 48.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Photo courtesy: Shutterstock

Pre-Market Outlook

Trading Ideas

AAPL

MSFT

Nasdaq Closes At Record High Led By Microsoft And Apple: Fear & Greed Index In 'Neutral' Zone

With U.S. stock futures trading lower this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects MSC Industrial Direct Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>) to report quarterly earnings at $1.50 per share on revenue of $1.01 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. MSC Industrial Direct shares gained 1.1% to $79.10 in the after-hours trading session.</li>
<li>Y-mAbs Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YMAB#NASDAQ">YMAB</a>) named Peter Pfreundschuh as Chief Financial Officer, effective June 28. Y-mAbs Therapeutics shares fell 2.3% to $11.56 in the after-hours trading session.</li>
<li>Analysts are expecting Radius Recycling, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) to post a quarterly loss at $0.66 per share on revenue of $693.90 million. The company will release earnings results before the markets open. Radius Recycling shares gained 4.6% to $15.99 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Fly-E Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLYE#NASDAQ">FLYE</a>) posted FY24 earnings of $0.9 per share, up from $0.6 per share in the year-ago period. The company's revenue rose to $32.2 million from $21.8 million. Fly-E Group shares fell 0.9% to $5.44 in the after-hours trading session.</li>
<li>Analysts expect Simulations Plus, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLP#NASDAQ">SLP</a>) to post quarterly earnings at $0.15 per share on revenue of $17.96 million after the closing bell. Simulations Plus shares gained 0.7% to $46.48 in after-hours trading.</li>
</ul>
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MSC Industrial Direct, Radius Recycling And 3 Stocks To Watch Heading Into Tuesday

Top Stories for May 30, 2024:
1. U.S. Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) and Nippon Steel have received all <a href="https://www.benzinga.com/m-a/24/05/39086020/u-s-steel-and-nippon-steel-receive-all-regulatory-approvals-outside-u-s-related-to-proposed-transact">necessary regulatory approvals</a> outside the U.S. for their proposed transaction.&nbsp;
Approvals came from various international competition authorities, including those in the EU, Mexico, Serbia, Slovakia, Turkey and the UK.&nbsp;
U.S. Steel CEO David B. Burritt stated that the approvals confirm the transaction&#8217;s pro-competitive nature and its strategic benefits, enhancing the firm's position as a leading global steelmaker and strengthening the U.S.-Japan alliance against China.
2. After over five weeks of discussions, BHP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>) couldn't reach an agreement to acquire Anglo American (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AAUKF#OTC">AAUKF</a>) due to disagreements on South African regulatory risk and cost.&nbsp;
BHP was interested in Anglo American&#8217;s valuable copper assets in South America, and maintains that its proposal was the best way to deliver value to Anglo American shareholders.&nbsp;
BHP is disappointed that Anglo American&#8217;s board has ceased discussions and says that Anglo American&#8217;s assertion about the proposal&#8217;s value risk being solely borne by its shareholders is inaccurate.
Also Read:<a href="https://www.benzinga.com/topic/mining"> </a><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/39071510/hybrid-vehicle-adoption-key-implications-for-lithium-rare-earths-copper-and-aluminu">Hybrid Vehicle Adoption: Key Implications For Lithium, Rare Earths, Copper And Aluminum Investors</a>
3. U.S. GoldMining (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USGO#NASDAQ">USGO</a>) announced the release of its sustainability initiatives summary for the past year.&nbsp;
The factsheet highlights the company&#8217;s governance on sustainability risks and its performance on environmental and community initiatives.&nbsp;
Key points include advancing the Whistler Gold-Copper Project in Alaska, contributing to local economic growth and spending $4.3 million with local suppliers
The company also supported community causes with over $60,000 in donations and emphasized health and safety with extensive training.&nbsp;
Finally, the company achieved 50% female representation on its Board of Directors.
4. Reliance&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) short interest has increased by 10.23%, with 1.04 million shares sold short, representing 2.37% of available shares.&nbsp;
At current levels, it would take traders 3.35 days to cover these positions.
5. Alpha Metallurgical&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMR#NYSE">AMR</a>) short interest has increased by 9.28%, with 1.39 million shares sold short, representing 15.66% of available shares.&nbsp;
At current levels, it would take traders 6.76 days to cover these positions.
6. Seaport Global analyst Martin Englert upgraded Radius Recycling (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) from Sell to Neutral.
Now Read:<a href="https://www.benzinga.com/"> </a><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/39067404/this-gold-mine-operator-will-outperform-peers-analyst-says-expect-improvement-at-ol">This Gold Mine Operator Will Outperform Peers, Analyst Says: &#8216;Skouries Construction Gains Momentum&#8217;</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!
Photo: Shutterstock

Regulatory Approvals For US Steel Deal; BHP-Anglo American Deal Falls Through; US GoldMining Sustainability Highlights And More: Thursday's Top Mining Stories

Seaport Global analyst Martin Englert upgrades Radius Recycling (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) from Sell to Neutral.

Upgrades

Seaport Global Upgrades Radius Recycling to Neutral

Top Stories for April 4, 2024:
<ol>
<li>Radius Recycling (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) reported a fiscal second-quarter loss of $34 million (per-share loss of $1.19), adjusted EBITDA of $3 million and per-share loss of $1.04 <a href="https://www.benzinga.com/news/earnings/24/04/38088715/schnitzer-steel-q2-adj-1-04-beats-1-09-estimate-sales-621-06m-miss-626-15m-estimate">from continuing operations</a>. </li>
</ol>
The company faced challenges in the quarter due to tight recycled metal supplies, adverse weather and low U.S. manufacturing activity.&nbsp;
Ferrous sales dropped 15% quarter-over-quarter, nonferrous sales fell 3% but grew 7% year-over-year and finished steel sales rose 5% year-over-year but fell 11% quarter-over-quarter.&nbsp;
The company initiated a plan to cut SG&amp;A by 10% and improve production efficiency, aiming for $40 million in annual benefits and adding to a prior $30 million benefits plan.
<ol start="2">
<li>American Battery Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABAT#NASDAQ">ABAT</a>) was granted an additional $40.5 million through the 48C program for a new battery recycling facility in the U.S., adding to an initial $20 million tax credit for a Nevada project.&nbsp;</li>
</ol>
This award comes from a competitive process by the U.S. Department of Energy to support the company's efforts in low-cost, environmentally friendly lithium-ion battery recycling and the production of recycled battery materials.&nbsp;
CEO Ryan Melsert mentioned extensive engagement with major automotive and battery manufacturers and plans for this new facility to increase domestic critical battery mineral manufacturing, leveraging the new government-supported investment.
Also Read:<a href="https://www.benzinga.com/topic/mining"> </a><a href="https://www.benzinga.com/markets/commodities/24/04/38079319/gold-fields-celebrates-first-gold-pour-at-salares-norte-boosts-chilean-production-outlook">Gold Fields Celebrates First Gold Pour At Salares Norte, Boosts Chilean Production Outlook</a>
<ol start="3">
<li>Nexa Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEXA#NYSE">NEXA</a>) priced a $600-million offering of 6.75% senior unsecured notes guaranteed by two subsidiaries due in 2034, aiming for an April 9, 2024, closing. </li>
</ol>
The proceeds are mainly intended to fund a cash tender offer for existing notes due in 2027 and 2028, with any remainder for general corporate purposes.&nbsp;
The sale is targeting qualified institutional buyers and non-U.S. persons.
<ol start="4">
<li>Large investors are showing a predominantly bearish stance on Newmont (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), as revealed by Benzinga&#8217;s tracking of public options activities, which detected unusual activity of nine notable transactions.&nbsp;</li>
</ol>
The sentiment among these investors is mixed, with 44% bullish and 55% bearish. The trading involved two puts worth $250,920 and seven calls valued at $805,535, suggesting an expected price range for Newmont of $30 to $42.50 in the coming three months.
<ol start="5">
<li>Deutsche Bank analyst Liam Fitzpatrick maintained Vale S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>) with a Hold and lowered his <a href="https://www.benzinga.com/quote/VALE/analyst-ratings">price target</a> from $18 to $16.</li>
</ol>
Now Read:<a href="https://www.benzinga.com/"> </a><a href="https://www.benzinga.com/markets/asia/24/04/38090219/will-copper-reach-10-000-an-essential-metal-that-faces-an-uncertain-future">Will Copper Reach $10,000? &#8216;An Essential Metal That Faces An Uncertain Future&#8217;</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!
Illustration created using artificial intelligence via MidJourney.

Radius Recycling Reports Q2 Results; American Battery Awarded Another $40.5 Million; Nexa Prices $600 Million Offering And More: Thursday's Top Mining Stories

Radius Recycling, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) shares are trading lower after it reported <a href="https://www.benzinga.com/pressreleases/24/04/g38088365/radius-recycling-reports-second-quarter-fiscal-2024-financial-results" target="_blank" rel="noreferrer noopener">second-quarter (Q2) financial results for 2024</a>.
Revenue stood at $621.06 million, beating the consensus of $626.15 million.
Gross margin declined to $40 million from $73 million a year ago, and adjusted EBITDA decreased to $3 million, compared to $32 million a year ago.
Ferrous sales volumes (LT, in thousands) decreased to 980 from 1,263 a year ago; adjusted EBITDA per ferrous ton sold ($/LT) was $3 compared to $25 in the prior-year quarter.
Avg. net ferrous sales prices ($/LT) rose to $384 from $367 in Q2 FY23. Finished steel average net sales price ($/ST) came in at $832 (vs. 943 a year ago), and sales volumes (ST, in thousands) of 114 (vs. 109 in the comparable period).
Finished steel sales volumes increased on the continued strength of non-residential and infrastructure demand in the Western U.S.
Adjusted loss per share: $1.04, beating the <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">consensus of $1.09</a>.
Radius implemented a plan to deliver $40 million in annual benefits by reducing selling, general, and administrative expenses by 10%.
Radius CEO Tamara Lundgren says &#8220;near-term market conditions for recycled metals are challenging&#8221; amid cyclical headwinds. The plan is to position Radius &#8220;to benefit from an improvement in market conditions and positive structural demand tailwinds.&#8221;     
&#8220;Scrap supply flows should benefit from a decline in U.S. interest rates and a recovery in global manufacturing activity. Additionally, the long-term structural demand for recycled metals remains positive, supported by the increased focus on decarbonization, the transition to low-carbon technologies, and the anticipated demand associated with the Infrastructure Investment and Jobs Act and the Inflation Reduction Act, including Buy Clean provisions.&#8221;&nbsp;&nbsp;
Dividend: The board declared a cash dividend per share of $0.1875. It&#8217;s payable on May 6 to shareholders of record as of April 22, 2024.
Investors can gain exposure to the stock via two ETFs. They are VanEck Environmental Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVX#NYSE">EVX</a>) and SPDR S&amp;P Metals &amp; Mining ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XME#NYSE">XME</a>).
Price Action:&nbsp;RDUS shares are trading lower by 6.95% at $18.75 on the last check Thursday.

Market Vectors Environmental Services Index Fund

Why Radius Recycling Shares Are Trading Lower Today

Schnitzer Steel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) reported quarterly losses of $(1.04) per share which beat the analyst consensus estimate of $(1.09) by 4.59 percent. This is a 842.86 percent decrease over earnings of $0.14 per share from the same period last year. The company reported quarterly sales of $621.06 million which missed the analyst consensus estimate of $626.15 million by 0.81 percent. This is a 17.84 percent decrease over sales of $755.95 million the same period last year.

Schnitzer Steel Q2 Adj $(1.04) Beats $(1.09) Estimate, Sales $621.06M Miss $626.15M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Conagra Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>) is likely to report quarterly earnings at $0.65 per share on revenue of $3.01 billion.
&bull; Trinity Biotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRIB#NASDAQ">TRIB</a>) is projected to report quarterly earnings at $0.00 per share on revenue of $15.00 million.
&bull; AngioDynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGO#NASDAQ">ANGO</a>) is estimated to report quarterly loss at $0.13 per share on revenue of $75.73 million.
&bull; WisdomTree International LargeCap Dividend Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOL#NYSE">DOL</a>) is likely to report quarterly earnings at $1.06 per share on revenue of $1.61 billion.
&bull; Reliance Global Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) is likely to report earnings for its fourth quarter.
&bull; Lamb Weston Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>) is estimated to report quarterly earnings at $1.45 per share on revenue of $1.65 billion.
&bull; Radius Recycling (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) is likely to report quarterly loss at $1.09 per share on revenue of $626.15 million.
&bull; Simply Good Foods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMPL#NASDAQ">SMPL</a>) is likely to report quarterly earnings at $0.38 per share on revenue of $316.88 million.
&bull; CollPlant Biotechnologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLGN#NASDAQ">CLGN</a>) is estimated to report quarterly loss at $0.07 per share on revenue of $8.56 million.
&bull; RPM Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>) is estimated to report quarterly earnings at $0.46 per share on revenue of $1.52 billion.
&bull; Lindsay (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNN#NYSE">LNN</a>) is estimated to report quarterly earnings at $1.55 per share on revenue of $172.06 million.
<h3>Companies Reporting After The Bell</h3>
&bull; Conifer Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNFR#NASDAQ">CNFR</a>) is likely to report quarterly loss at $0.02 per share on revenue of $15.46 million.
&bull; Movano (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOVE#NASDAQ">MOVE</a>) is estimated to report earnings for its fourth quarter.
&bull; Kura Sushi USA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRUS#NASDAQ">KRUS</a>) is projected to report quarterly loss at $0.03 per share on revenue of $56.64 million.
&bull; Genfit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNFT#NASDAQ">GNFT</a>) is likely to report earnings for its Fiscal Year 2023.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

ANGO

CLGN

CNFR

WisdomTree Trust International LargeCap Dividend

GNFT

KRUS

MOVE

RELI

SMPL

TRIB

Earnings Scheduled For April 4, 2024

Press Releases

Radius Recycling Announces Fourth Quarter and Fiscal 2024 Earnings Date and Webcast Details

Radius Recycling Reports Fourth Quarter and Fiscal 2024 Financial Results

Radius Recycling, Inc. Appoints Mauro Gregorio to its Board of Directors

Radius Recycling, Inc. Appoints Marc Hathhorn as Chief Operating Officer

Contracts

Radius Pharmaceuticals Expands Abaloparatide Licensing Agreement with Theramex Granting Additional Commercialization Rights Including Mexico, Canada, South Africa, Israel, and Russia

Radius Recycling Publishes Fiscal Year 2024 Sustainability Report

Radius Recycling Announces First Quarter Fiscal 2025 Earnings Date and Webcast Details

Radius Pharmaceuticals Announces Licensing Agreement with Pharmanovia to Register and Commercialize Abaloparatide in China and Select Asia Pacific Territories

Radius Recycling Reports First Quarter Fiscal 2025 Financial Results

QXO Proposes Full Slate of Independent Directors for Election at Beacon Roofing Supply's 2025 Annual Meeting

AMWD

AVNT

BECN

BERY

FERG

FLXS

PGTI

SIEGY

STLD

UNVR

XONE

Ascent Industries

Alpha Metallurgical Resources, Inc. Common Stock

Alpha Metallurgical

Ampco-Pittsburgh Corporation Common Stock

Ampco-Pittsburgh

Friedman Indus

Warrior Met Coal

Hongli Group

Huadi International Group Co., Ltd. - Ordinary Shares

Huadi International Group

Inno Holdings

Ramaco Resources, Inc. - Class A Common Stock

Ramaco Resources

Ramaco Resources, Inc. - Class B Common Stock

Mesabi Tr

Metallus

Ryerson Holding

Companhia Siderurgica Nacional S.A. Common Stock

Companhia Siderurgica

Grupo Simec, S.A.B. de C.V. American Depositary Shares

Grupo Simec

Scully Royalty

SunCoke Energy

Worthington Steel

Olympic Steel

ZK International Group Co., Ltd - Ordinary Share

ZK International Gr Co

Goldman Sachs

SVB Leerink

B of A Securities

Screenshot 2024-03-27 at 5.29.45 PM

Emerging Markets

Movers & Shakers

GWAV

Greenwave Technology Solutions Could Be Emerging As Recycling Leader By Increasing Metal Processing Capabilities In Eastern U.S.

2024년 5월 30일 주요 뉴스:
1. U.S. 스틸(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>)와 일본제철(Nippon Steel)은 제안된 거래에 대해 미국 외 국가들의 모든 <a href="https://www.benzinga.com/m-a/24/05/39086020/u-s-steel-and-nippon-steel-receive-all-regulatory-approvals-outside-u-s-related-to-proposed-transact">필요한 규제 승인을</a> 모두 받았다.
이러한 승인은 EU, 멕시코, 세르비아, 슬로바키아, 터키 및 영국을 포함한 다양한 국제 경쟁 당국들으로부터 나왔다.
US 스틸의 CEO 데이비드 B. 버릿(David B. Burritt)는 이번 승인으로 이번 거래의 친경쟁적 성격과 전략적 이점이 확인되었으며, 선도적인 글로벌 철강 제조업체로서의 이 회사의 입지가 강화되고 중국에 맞서는 미일 동맹이 강화되었다고 말했다.
2. 5주가 넘는 논의 끝에 BHP(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>)는 남아프리카의 규제 위험 및 비용에 대한 의견 차이로 인해 앵글로 아메리칸(OTC:<a class="ticker" href="https://www.benzinga.com/stock/AAUKF#OTC">AAUKF</a>) 인수에 대한 합의에 도달하지 못했다.
BHP는 남미에 있는 앵글로 아메리칸의 귀중한 구리 자산에 관심이 있었고, 자신의 제안이 앵글로 아메리칸 주주들에게 가치를 전달하는 가장 좋은 방법이라고 주장했다.
BHP는 앵글로 아메리칸 이사회가 논의를 중단한 것에 실망했으며 제안의 가치 위험이 주주들에게만 부담된다는 앵글로 아메리칸의 주장이 부정확하다고 말했다.
3. U.S. 골드마이닝NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USGO#NASDAQ">USGO</a>)은 지난해 지속가능성 이니셔티브 요약을 발표했다.
이 팩트시트에는 지속 가능성 위험에 대한 이 회사의 거버넌스와 환경 및 지역 사회 이니셔티브에 대한 성과가 강조되어 있다.
핵심 내용에는 알래스카의 휘슬러 금-구리 프로젝트(Whistler Gold-Copper Project)를 발전시켜 지역 경제 성장에 기여하고 현지 공급업체들에 430만 달러를 지출하는 것이 포함된다.
또한 이 회사는 60,000달러가 넘는 기부금으로 지역 사회 활동을 지원하고 광범위한 교육을 통해 건강과 안전을 강조했다.
마지막으로, 이 회사는 이사회에서 여성이 50% 차지했다.
4. 릴라이언스(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>)의 공매도 수량이 10.23% 증가하여 104만주로, 이는 가용한 주식의 2.37%를 차지한다.
현재 수준에서 이러한 포지션을 청산하기 위해선 3.35일이 걸릴 것이다.
5. 알파 메탈러지컬(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMR#NYSE">AMR</a>)의 공매도 수량이 9.28% 증가했으며, 139만 주가 공매도되어 가용 주식의 15.66%에 해당한다.
현재 수준에서 이러한 포지션을 청산하기 위해선 6.76일이 걸릴 것이다.
6. 시포트 글로벌(Seaport Global)의 분석가인 마틴 앵글러트(Martin Englert)는 래디우스 리사이클링(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>)을 매도에서 중립 등급으로 상향 조정했다.
Benzinga Mining은 광업 기업과 소매투자자 사이의 다리입니다. Benzinga 커뮤니티에 연락하려면 <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a>으로 연락하십시오!
사진: 셔터스톡

2024년 4월 4일 주요 소식:
1. 래디우스 리사이클링(Radius Recycling) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>)는 회계연도 2분기 재정으로 3,400만 달러 손실(주당 1.19달러의 손실), 조정된 EBITDA로 300만 달러, 주당 1.04달러의 손실을 <a href="https://www.benzinga.com/news/earnings/24/04/38088715/schnitzer-steel-q2-adj-1-04-beats-1-09-estimate-sales-621-06m-miss-626-15m-estimate">지속 운영사업으로부터</a> 보고했다.
이번 분기 회사는 리사이클된 금속의 공 부족, 불리한 날씨, 미국의 제조 활동이 둔화되는 것과 같은 도전에 직면했다.
철 매출은 전분기 대비 15% 감소했고, 비철 매출은 전년 동기 대비 3% 감소했지만 7% 성장했으며, 완제품 매출은 전년 동기 대비 5% 증가했지만 전분기 대비 11% 감소했다.
회사는 판매관리비(SG&amp;A)를 10% 삭감하고 생산 효율성을 향상시키는 계획을 시작했다. 연간 이익 4천만 달러를 목표로 하고 이전 혜택 계획 3천만 달러에 추가했다.
2. 아메리칸 배터리 테크놀러지(American Battery Technology) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABAT#NASDAQ">ABAT</a>)는 미국 내 새로운 배터리 재활용 시설에 대한 48C 프로그램을 통한 4,050만 달러의 추가 지원을 받았다. 이는 네바다 프로젝트를 위한 초기 2,000만 달러의 세액이행을 더하는 것이다.
이번 수상은 미국 에너지부가 기업의 저비용, 환경 친화적인 리튬이온 배터리 재활용 및 재생 배터리 재료 제조 노력을 지원하는 과정에서 이루어졌다.
최고경영자(CEO) 라이언 멜서트(Ryan Melsert)는 주요 자동차 및 배터리 제조업체와의 방대한 협력을 언급하였으며, 이 새로운 시설이 미국의 중요한 배터리 광물 생산을 촉진하는 것을 계획하고, 이를 위해 이번 정부 지원 투자를 활용할 것이라고 밝혔다.
기사 더 읽기:Gold Fields, 중국 장관 생산 전망 부상
3. 넥사 리소스(Nexa Resources) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEXA#NYSE">NEXA</a>)는 2034년 만기의 두 자회사 보증으로 6.75%의 선순위 무담보 채권 6억 달러의 공모를 가격을 책정하였으며, 이번 공모는 2024년 4월 9일마감을 목표로 한다.
이번 매각 수익금은 2027년과 2028년 만기 기존의 채권에 대한 현금 양도요청을 통한 자금 준비를 위주로 하고 있으며, 그 외에는 일반 기업 목적을 위해 사용될 것이다.
이번 판매는 자격을 갖춘 기관 구매자와 미국인이 아닌 사람을 대상으로 한다.
4. Benzinga가 공공 옵션 활동을 추적한 결과 9건의 주목할만한 거래에서 비정상적인 활동이 감지된 것처럼 대규모 투자자들은 뉴몬트(Newmont) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>)에 대해 주로 약세 입장을 보이고 있다.
이러한 투자자들 간의 심리는 44%의 상승세와 55%의 하락세를 보이고 있다. 이번 거래에는 250,920달러 상당의 풋옵션 2개와 805,535달러 상당의 콜옵션 7개가 포함되었으며, 이는 향후 3개월 동안 뉴몬트의 예상 가격 범위가 30~42.50달러임을 시사한다.
5. 도이체 방크의 애널리스트인 리암 피츠패트릭(Liam Fitzpatrick)은 발리(Vale S.A.) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>)에 대한 평가를 중립(Hold)으로 유지하였으며, 이에 따라 <a href="https://www.benzinga.com/quote/VALE/analyst-ratings">18달러에서 16달러로</a> <a href="https://www.benzinga.com/quote/VALE/analyst-ratings">목표주가</a>를 낮췄다.
기사 더 읽기: <a href="https://www.benzinga.com/">Will Copper Reach $10,000? &#8216;An Essential Metal That Faces An Uncertain Future&#8217;</a>
Benzinga Mining은 채굴 기업과 개인 투자자 사이의 다리 역할을 합니다. Benzinga 커뮤니티와 연결하려면 <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> 으로 연락하십시오! 
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Radius Recycling

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금요일, 5월 31, 2024

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사람들이 또한 지켜본다

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