Schnitzer steel industries, inc. reports earnings results for the fourth quarter ended august 31, 2019

Schnitzer steel industries, inc. announced earnings results for the fourth quarter ended august 31, 2019. for the fourth quarter, the company announced sales was usd 547.800 million compared to usd 669.577 million a year ago. operating income was usd 17.681 million compared to usd 37.973 million a year ago. net income was usd 11.575 million compared to usd 59.669 million a year ago. basic earnings per share from continuing operations was usd 0.42 compared to usd 2.17 a year ago. basic earnings per share was usd 0.42 compared to usd 2.18 a year ago. diluted earnings per share from continuing operations was usd 0.41 compared to usd 2.08 a year ago. diluted earnings per share was usd 0.41 compared to usd 2.09 a year ago. for the full year, sales was usd 2,132.781 million compared to usd 2,364.715 million a year ago. operating income was usd 83.865 million compared to usd 148.988 million a year ago. net income was usd 56.345 million compared to usd 156.451 million a year ago. basic earnings per share from continuing operations was usd 2.06 compared to usd 5.65 a year ago. basic earnings per share was usd 2.05 compared to usd 5.66 a year ago. diluted earnings per share from continuing operations was usd 2.01 compared to usd 5.46 a year ago. diluted earnings per share was usd 2 compared to usd 5.47 a year ago.
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