Schnitzer Steel: Fiscal 1Q Earnings Snapshot By Associated Press
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PORTLAND Schnitzer Steel Industries Inc. (SCHN) on Thursday reported fiscal first-quarter net income of $14.1 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Portland, Oregon-based company said it had net income of 50 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 57 cents per share.
The recycler of ferrous and nonferrous scrap metal posted revenue of $492.1 million in the period.
Schnitzer Steel shares have climbed 22% since the beginning of the year. The stock has risen 79% in the last 12 months.
Corporate Social Responsibility Related News Releases and Story Ideas for Reporters, Bloggers and Media Outlets
Saturday, January 2, 2021 10:06AM IST (4:36AM GMT)
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Following are the latest Corporate Social Responsibility news releases and story ideas available from Business Wire. These recaps, curated by Business Wire, provide reporters and bloggers around the globe instant access to the latest news releases, providing relevant and trending content to share with their audiences. Discover more news via Business Wire’s Hot Topic recaps or create a custom news feed specific to your needs here. This service is provided at no charge to members of the media and financial communities.
Global manufacturing PMIs (December)
Monday: One of the bright spots in a quarter with a continued tightening of economic restrictions globally has been the resilience of the manufacturing sector, something which has eluded services. For the most part, the manufacturing industry is better able to implement the controls needed to manage any new restrictions. That doesn’t mean it s without its challenges, but nonetheless economic activity has managed to remain on the right side of the 50 level, and in expansion territory. The recent preliminary purchasing manager indices (PMIs) were encouraging for France and Germany, however that was before the stricter rules imposed mid-month by both governments. China in particular has led the way in this regard with a decent rebound in economic activity, largely due to avoiding a second wave of infections.
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Following are the latest Corporate Social Responsibility news releases and story ideas available from Business Wire. These recaps, curated by Business Wire, provide reporters and bloggers around the globe instant access to the latest news releases, providing relevant and trending content to share with their audiences. Discover more news via Business Wire s Hot Topic recaps or create a custom news feed specific to your needs here. This service is provided at no charge to members of the media and financial communities.
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SAN FRANCISCO The Greenspan Co./Adjusters International Initiates Holiday Giving Campaign Source: The Greenspan Co./Adjusters International
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