Why Radius Recycling Shares Are Trading Lower Today
Why Radius Recycling Shares Are Trading Lower Today
Radius Recycling, Inc. (NASDAQ:RDUS) shares are trading lower after it reported second-quarter (Q2) financial results for 2024.
Radius Recycling, Inc.（納斯達克股票代碼：RDUS）在公佈2024年第二季度（第二季度）財務業績後，股價走低。
Revenue stood at $621.06 million, beating the consensus of $626.15 million.
收入爲6.2106億美元，超過了市場預期的6.2615億美元。
Gross margin declined to $40 million from $73 million a year ago, and adjusted EBITDA decreased to $3 million, compared to $32 million a year ago.
毛利率從去年同期的7,300萬美元降至4,000萬美元，調整後的息稅折舊攤銷前利潤從去年同期的3200萬美元降至300萬美元。
Ferrous sales volumes (LT, in thousands) decreased to 980 from 1,263 a year ago; adjusted EBITDA per ferrous ton sold ($/LT) was $3 compared to $25 in the prior-year quarter.
黑色金屬銷售量（千拉特）從去年同期的1,263噸下降至980美元；調整後的每噸黑色金屬的息稅折舊攤銷前利潤（美元/升）爲3美元，而去年同期爲25美元。
Avg. net ferrous sales prices ($/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).
平均黑色金屬淨銷售價格（美元/升）從23財年第二季度的367美元升至384美元。成品鋼平均淨銷售價格（美元/ST）爲832美元（去年同期爲943美元），銷售量（ST，千美元）爲114美元（同期爲109美元）。
Finished steel sales volumes increased on the continued strength of non-residential and infrastructure demand in the Western U.S.
由於美國西部非住宅和基礎設施需求持續強勁，成品鋼銷量增加。
Adjusted loss per share: $1.04, beating the consensus of $1.09.
調整後的每股虧損：1.04美元，超過市場普遍的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實施了一項計劃，通過將銷售、一般和管理費用減少10％，每年提供4000萬美元的收益。
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首席執行官塔瑪拉·隆德格倫表示，在週期性不利因素下，“回收金屬的短期市場狀況充滿挑戰”。該計劃旨在使Radius “受益於市場狀況的改善和積極的結構性需求利好因素”。
"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."
“廢品供應流應受益於美國利率的下降和全球製造業活動的復甦。此外，對回收金屬的長期結構性需求仍然樂觀，這得益於人們越來越關注脫碳、向低碳技術的過渡以及與《基礎設施投資和就業法》和《通貨膨脹削減法》（包括 “購買清潔” 條款）相關的預期需求。”
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：董事會宣佈每股現金分紅爲0.1875美元。它將於5月6日支付給截至2024年4月22日的登記股東。
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).
投資者可以通過兩隻ETF獲得股票敞口。它們是VanEck環境服務ETF（紐約證券交易所代碼：EVX）和SPDR標普金屬與礦業ETF（紐約證券交易所代碼：XME）。
Price Action: RDUS shares are trading lower by 6.95% at $18.75 on the last check Thursday.
價格走勢：在週四的最後一次支票中，RDUS股價下跌6.95％，至18.75美元。