Schnitzer Steel Prelim. Q2 Adj. EPS In Range Of $0.44 - $0.48 - Quick Facts

(RTTNews) - Schnitzer Steel Industries, Inc. (SCHN) announced the company expects second quarter earnings per share from continuing operations to be in the range of $0.42 - $0.46 and adjusted earnings per share to be in the range of $0.44 - $0.48. For the second quarter of prior year, reported and adjusted earnings per share from continuing operations were $1.42, which included discrete tax benefits of $0.52 per share.

For the second quarter, the company expects to report operating cash flow in the range of $30 million - $35 million. As of the end of the second quarter, total debt was $163 million.

Schnitzer will report its second quarter fiscal 2019 financial results on April 4, 2019.