The following is a summary of the Radius Recycling, Inc. (RDUS) Q4 2024 Earnings Call Transcript:

Financial Performance:

• Radius Recycling reported Q4 adjusted EBITDA of $17 million, doubling from the $9 million in the previous quarter due to higher sales volumes and cost savings.

• Net debt stood at $409 million at the end of Q4, with available credit facility capacity up to $800 million.

• The effective tax rate showed a benefit of 33% on adjusted figures excluding specific one-off charges.

Business Progress:

• Introduced a $70 million annual cost reduction and productivity plan yielding full run-rate benefits this quarter.

• Advanced investments in metal recovery technologies, expecting a $40 million annual EBITDA post-full deployment.

• Expanded 3PR service business, contributing over 10% to recycled metals volumes.

• Strengthened recycled metals sales, growing ferrous by 12%, non-ferrous by 13%, and finished steel by 11%.

Opportunities:

• Expected reductions in US interest rates likely to stimulate manufacturing and construction, thereby improving scrap supply and demand for finished steel.

Risks:

• The ongoing stickiness in scrap purchase costs continues to compress margins, despite strategic efforts to mitigate impacts.

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