First Quarter Fiscal 2023 Expected Performance
The Company anticipates:
- First quarter diluted loss per share from continuing operations to be in the range of $(0.64) – $(0.69). Net loss to be in the range of $(18) million – $(20) million and net loss per ferrous ton in the range of $(21) – $(23).
- Adjusted diluted loss per share from continuing operations to be in the range of $(0.44) – $(0.49), which excludes expected charges of $7 million primarily related to asset impairments and restructuring and other exit-related activities.
- Adjusted EBITDA to be in the range of $6 million – $8 million and adjusted EBITDA per ferrous ton in the range of $8 – $10.
- Results reflect an estimated adverse impact of approximately $18 million or $21 per ferrous ton from extended operational disruptions at the Everett and Oakland metals recycling facilities that were resolved in November.
