Schnitzer Steel Industries Reports Net Income of $13.6 Million in Q3 2023

Schnitzer Steel Industries, Inc.(SCHN) announced its financial results for the third quarter of 2023, reporting a net income of $13.6 million. However, the company experienced a decline in revenue, which stood at $809.6 million for the quarter. The following article provides a detailed analysis of the company's financial statements for the period.**

Financial Statements (Unaudited)

Schnitzer Steel Industries, Inc. has released its unaudited condensed consolidated financial statements for the quarter ended May 31, 2023. The financial statements include the company's balance sheets, statements of operations, statements of comprehensive income (loss), and statements of cash flows.

Net Income of $13.6 Million