Why Radius Recycling Shares Are Trading Lower Today
Why Radius Recycling Shares Are Trading Lower Today
Ferrous sales volumes (LT, in thousands) decreased to 980 from 1,263 a year ago; adjusted EBITDA per ferrous ton sold ($/LT) was $3 compared to $25 in the prior-year quarter.Radius Recycling, Inc. (NASDAQ:RDUS) shares are trading lower after it reported second-quarter (Q2) financial results for 2024.
Radius Recycling, Inc.（纳斯达克股票代码：RDUS）在公布2024年第二季度（第二季度）财务业绩后，股价走低。
Revenue stood at $621.06 million, beating the consensus of $626.15 million.
收入为6.2106亿美元，超过了市场预期的6.2615亿美元。
Gross margin declined to $40 million from $73 million a year ago, and adjusted EBITDA decreased to $3 million, compared to $32 million a year ago.
毛利率从去年同期的7,300万美元降至4,000万美元，调整后的息税折旧摊销前利润从去年同期的3200万美元降至300万美元。
Ferrous sales volumes (LT, in thousands) decreased to 980 from 1,263 a year ago; adjusted EBITDA per ferrous ton sold ($/LT) was $3 compared to $25 in the prior-year quarter.
黑色金属销售量（千拉特）从去年同期的1,263吨下降至980美元；调整后的每吨黑色金属的息税折旧摊销前利润（美元/升）为3美元，而去年同期为25美元。
Avg. net ferrous sales prices ($/LT) rose to $384 from $367 in Q2 FY23. Finished steel average net sales price ($/ST) came in at $832 (vs. 943 a year ago), and sales volumes (ST, in thousands) of 114 (vs. 109 in the comparable period).
平均黑色金属净销售价格（美元/升）从23财年第二季度的367美元升至384美元。成品钢平均净销售价格（美元/ST）为832美元（去年同期为943美元），销售量（ST，千美元）为114美元（同期为109美元）。
Finished steel sales volumes increased on the continued strength of non-residential and infrastructure demand in the Western U.S.
由于美国西部非住宅和基础设施需求持续强劲，成品钢销量增加。
Adjusted loss per share: $1.04, beating the consensus of $1.09.
调整后的每股亏损：1.04美元，超过市场普遍的1.09美元。
Radius implemented a plan to deliver $40 million in annual benefits by reducing selling, general, and administrative expenses by 10%.
Radius实施了一项计划，通过将销售、一般和管理费用减少10％，每年提供4000万美元的收益。
Radius CEO Tamara Lundgren says "near-term market conditions for recycled metals are challenging" amid cyclical headwinds. The plan is to position Radius "to benefit from an improvement in market conditions and positive structural demand tailwinds."
Radius首席执行官塔玛拉·隆德格伦表示，在周期性不利因素下，“回收金属的短期市场状况充满挑战”。该计划旨在使Radius “受益于市场状况的改善和积极的结构性需求利好因素”。
"Scrap supply flows should benefit from a decline in U.S. interest rates and a recovery in global manufacturing activity. Additionally, the long-term structural demand for recycled metals remains positive, supported by the increased focus on decarbonization, the transition to low-carbon technologies, and the anticipated demand associated with the Infrastructure Investment and Jobs Act and the Inflation Reduction Act, including Buy Clean provisions."
“废品供应流应受益于美国利率的下降和全球制造业活动的复苏。此外，对回收金属的长期结构性需求仍然乐观，这得益于人们越来越关注脱碳、向低碳技术的过渡以及与《基础设施投资和就业法》和《通货膨胀削减法》（包括 “购买清洁” 条款）相关的预期需求。”
Dividend: The board declared a cash dividend per share of $0.1875. It's payable on May 6 to shareholders of record as of April 22, 2024.
股息：董事会宣布每股现金分红为0.1875美元。它将于5月6日支付给截至2024年4月22日的登记股东。
Investors can gain exposure to the stock via two ETFs. They are VanEck Environmental Services ETF (NYSE:EVX) and SPDR S&P Metals & Mining ETF (NYSE:XME).
投资者可以通过两只ETF获得股票敞口。它们是VanEck环境服务ETF（纽约证券交易所代码：EVX）和SPDR标普金属与矿业ETF（纽约证券交易所代码：XME）。
Price Action: RDUS shares are trading lower by 6.95% at $18.75 on the last check Thursday.
价格走势：在周四的最后一次支票中，RDUS股价下跌6.95％，至18.75美元。