Radius Recycling Inc-A 2025年季度报告

FORM 10-Q ☐QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the Transition Period from __________ to __________Commission File Number 000-22496 RADIUS RECYCLING, INC. (Exact name of registrant as specified in its charter) OREGON93-0341923(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.) 222 SW Columbia Street, Suite 1150, Portland, Oregon97201(Address of principal executive offices)(Zip Code)(503) 224-9900(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on which registered RDUS Class A Common Stock, $1.00 par value The Nasdaq Stock Market LLC Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required tofile such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes☐No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for suchshorter period that the registrant was required to submit such files). Yes☐No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”“smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large acceleratedfiler☐Acceleratedfiler☐Non-acceleratedfiler☐Smaller reportingcompany☐Emerging growthcompany☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition periodfor complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the ExchangeAct.☐Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☐The registrant had 27,955,384 shares of Class A common stock, par value of $1.00 per share, and 200,000 shares of Class Bcommon stock, par value of $1.00 per share, outstanding as of January 6, 2025. RADIUS RECYCLING, INC.FORM 10-QTABLE OF CONTENTS FORWARD-LOOKING STATEMENTS PART I. FINANCIAL INFORMATIONItem 1. Financial Statements (Unaudited)4Unaudited Condensed Consolidated Balance Sheets as of November 30, 2024 and August 31, 20244Unaudited Condensed Consolidated Statements of Operations for the Three MonthsEnded November 30, 2024 and November 30, 20235Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss) for the ThreeMonths Ended November 30, 2024 and November 30, 20236Unaudited Condensed Consolidated Statements of Equity for the Three Months Ended November 30,2024 and November 30, 20237Unaudited Condensed Consolidated Statements of Cash Flows for the Three Months EndedNovember 30, 2024 and November 30, 20238Notes to the Unaudited Condensed Consolidated Financial Statements10Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations24Item 3. Quantitative and Qualitative Disclosures about Market Risk35Item 4. Controls and Procedures36 PART II. OTHER INFORMATIONItem 1. Legal ProceedingsItem 1A. Risk FactorsItem 5. Other InformationItem 6. Exhibits 38 Table of Contents FORWARD-LOOKING STATEMENTS Statements and information included in this Quarterly Report on Form 10-Q by Radius Recycling, Inc.that are not purely historical are forward-looking statements within the meaning of Section 21E of theSecurities Exchange Act of 1934 and are made pursuant to the “safe harbor” provisions of the PrivateSecurities Litigation Reform Act of 1995. Except as noted herein or as the context may otherwise require,all references to “we,” “our,” “us,” “the Company,” “Radius Recycling,” and “Radius” refer to RadiusRecycling, Inc. and its consolidated subsidiaries. Forward-looking statements in this Quarterly Report on Form 10-Q include statements regarding futureevents or our expectations, intentions, beliefs, and strategies regarding the future, which may includestatements regarding the impact of equipment upgrades, equipment failures, and facility damage onproduction, including timing of repairs and resumption of operations; the realization of insurancerecoveries; the Company’s outlook, growth initiatives, or expected results or objectives, including pricing,margins, volumes, and profitability; completion of acquisitions and integration of acquired businesses; theprogression and impact of investments in processing and manufacturing technology improvements andinformation technology systems; the impacts of supply chain disruptions, inflation, and rising interestrates; liquidi