PORTLAND — Schnitzer Steel Industries Inc. (SCHN) on Thursday reported fiscal fourth-quarter net income of $11.6 million.
The Portland-based company said it had net income of 41 cents per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to 42 cents per share.
The recycler of ferrous and nonferrous scrap metal posted revenue of $547.8 million in the period. For the year, the company reported profit of $56.3 million, or $2 per share. Revenue was reported as $2.13 billion.
Schnitzer Steel shares have risen slightly since the beginning of the year. The stock has declined 13 percent in the last 12 months.
