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Schnitzer Steel Industries posts increase in Q2 profit

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Schnitzer Steel Industries
Schnitzer Steel Industries   Profit totaled $41 million

Schnitzer Steel Industries reported a profit for its second quarter that climbed from the same period last year.

The company's profit totaled $41 million, or $1.42 per share. This compares with $11 million, or $0.40 per share, in last year's second quarter.

Excluding items, Schnitzer Steel Industries Inc. reported adjusted earnings of $41 million or $1.42 per share for the period.

The company's revenue for the quarter rose 46.3% to $559 million from $382 million last year.

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