PORTLAND — Schnitzer Steel Industries Inc. (SCHN) on Thursday reported fiscal second-quarter earnings of $12.9 million.
On a per-share basis, the Portland, Oregon-based company said it had net income of 46 cents.
The recycler of ferrous and nonferrous scrap metal posted revenue of $473.6 million in the period. Schnitzer Steel shares have climbed 15 percent since the beginning of the year. The stock has decreased 22 percent in the last 12 months.
