Radius Recycling Reeling, Stock Slides After Q3 Sales Miss: Details
Radius Recycling Reeling, Stock Slides After Q3 Sales Miss: Details
Radius Recycling, Inc. (NASDAQ:RDUS) shares are trading lower after the company reported worse-than-expected third-quarter sales results.
Radius Recycling, Inc.（納斯達克：RDUS）的股票下跌，因爲公司報告了第三季度銷售收入低於預期的結果。
Revenue stood at $674 million, missing the consensus of $693.9 million.
營業收入爲6.74億美元，低於預期的6.939億美元。
Ferrous sales volumes (LT, in thousands) decreased to 1,112 from 1,157 a year ago; adjusted EBITDA per ferrous ton sold ($/LT) was $8 compared to $48 in the prior year quarter. Average net ferrous sales prices ($/LT) fell to $350 from $413 last year.
有色金屬銷量（千噸）減少到1,112，去年同期爲1,157；每噸有色金屬銷售的調整後的EBITDA（美元/噸）爲8美元，去年同期爲48美元。平均淨有色金屬銷售價格（美元/噸）從去年的413美元下降到350美元。
Finished steel average net sales price ($/ST) came in at $817 (vs. 924 a year ago), and sales volumes (ST, in thousands) of 126 (vs. 142 in the comparable period).
精軋鋼平均淨銷售價格（美元/噸）爲817美元（去年爲924美元），銷售量（千噸）爲126個（可比期爲142個）。
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.
毛利率從去年的9600萬美元下降到4600萬美元，調整後的EBITDA從去年的5,600萬美元下降到900萬美元。
Adjusted loss per share of $0.59, beating the consensus loss of $0.66.
每股股息爲0.59美元，超過預期的每股虧損0.66美元。
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.
第三季度，該公司實現了先前宣佈的每年7,000萬美元的成本削減和生產力提高計劃的四分之三季度效益。
In the quarter, the company had an operating cash outflow of $1 million, and debt stood at $411 million.
該季度，公司的經營現金流出1百萬美元，債務爲4.11億美元。
Tamara Lundgren, Chairman and Chief Executive Officer, said, "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."
公司董事長兼首席執行官Tamara Lundgren表示："儘管市場環境在該季度繼續保持挑戰性，但我們的經營業績反映出通過提供成本削減和生產率提高計劃，併成功增加我們的所有產品和服務的銷售量所獲得的好處。"
"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 expansion of our recycling services platform."
"我們預計隨着製造業活動的改善和建築活動的增加，供應流應該擴大。獨立於恢復的時間，我們繼續看到我們戰略舉措的利益，其中包括投資於先進的有色金屬回收技術和擴大我們的回收服務平台。"
Dividend: The board declared a cash dividend per share of $0.1875, payable on August 5, to shareholders of record as of July 22.
股息：董事會宣佈每股派發0.1875美元的現金股息，於8月5日支付給截至7月22日的股東。
Price Action: RDUS shares are trading lower by 13.2% at $13.27 at the last check Tuesday.
RDUS股票週二最後一次檢查交易價格爲13.27美元，下跌13.2%。
Photo via Shutterstock
圖片來自shutterstock。
譯文內容由第三人軟體翻譯。