secwatch.observer — SEC 8-K summary
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Issuer:     RADIUS RECYCLING, INC. (—)
CIK:        0000912603
Form:       8-K
Filed at:   2024-04-04T23:59:59+00:00
Accession:  0001171843-24-001827
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Radius Recycling Q2 FY2024 net loss $34M; revenue down 18% YoY; new $40M cost cuts
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- Net loss $34M ($1.19 diluted EPS) vs. prior year net income $4M ($0.14 EPS); adjusted EPS loss $1.04.
- Revenue $621M, down 18% YoY from $756M; gross margin $40M (6.4%) vs $73M prior year.
- Adjusted EBITDA $3M, down from $32M; ferrous volumes 980K LT (-15% sequentially), nonferrous +7% YoY, finished steel +5% YoY.
- New $40M cost reduction program (SG&A -10% and production efficiencies), adding to prior $30M target.
- Board declared regular quarterly dividend (amount not specified).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912603/000117184324001827/0001171843-24-001827-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912603/000117184324001827/f8k_040424.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-001827

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