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Ticker	Price	Change($)	Change(%)	Shares	Volume	Prev Close	Open	Gain($)	Gain(%)

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Schnitzer Steel Industries Sees Q1 Adj. EPS $(0.49)-$(0.44), Adj. EBITDA $8M-$10M

Author: Michael Horton | December 19, 2022 05:32pm

First Quarter Fiscal 2023 Expected Performance

The Company anticipates:

First quarter diluted loss per share from continuing operations to be in the range of $(0.64) - $(0.69). Net loss to be in the range of $(18) million - $(20) million and net loss per ferrous ton in the range of $(21) - $(23).
Adjusted diluted loss per share from continuing operations to be in the range of $(0.44) - $(0.49), which excludes expected charges of $7 million primarily related to asset impairments and restructuring and other exit-related activities.
Adjusted EBITDA to be in the range of $6 million - $8 million and adjusted EBITDA per ferrous ton in the range of $8 - $10.
Results reflect an estimated adverse impact of approximately $18 million or $21 per ferrous ton from extended operational disruptions at the Everett and Oakland metals recycling facilities that were resolved in November.

Posted In: SCHN