Radius Recycling report Q4 adjusted EPS (41c) vs. 47c last year

Reports Q4 revenue $771M vs. $718M last year. Tamara Lundgren, CEO, said, “Our results this quarter benefited from our significant cost savings and productivity improvement program and our success in increasing ferrous, nonferrous, and finished steel sales volumes. We expect the execution of our strategic initiatives, including investments in advanced metal recovery technologies, expansion of our recycling services platform, and productivity and cost controls to continue to positively contribute to our performance. Tight scrap availability has been our biggest headwind, and declines in U.S. interest rates should benefit consumer, manufacturing, and construction activity which, in turn, should lead to improved scrap supply flows. The structural demand for recycled metals remains strong, underpinned by the global transition to low carbon technologies and demand from the anticipated increase in infrastructure investment.”