Radius Recycling Inc. announced its preliminary results for the third quarter of fiscal 2025, ending May 31, 2025. The company expects a net loss of approximately $16 million, a significant improvement from the $33 million net loss reported in the previous quarter and the $199 million net loss reported in the same quarter the previous year. The company also anticipates an adjusted EBITDA of about $22 million, reflecting improvements both sequentially and year-over-year. The company attributed these results to enhanced business operations, excluding restructuring charges and other exit-related activities. Radius Recycling Inc. is also in the process of a pending merger with Toyota Tsusho America, Inc., and as a result, will not hold a third quarter earnings conference call or webcast. The company plans to report its financial results for the fiscal 2025 third quarter on July 1, 2025.
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