Sims' FY'23 N. America Earnings Dip, But Touts Recent US Buys

Global metals and electronics recycler Sims Ltd. reported lower earnings in its North America Metal division for its fiscal-year 2023 that ended June 30 due to “falling sales prices and strong domestic competition.”

The Australia-based company’s North America Metal division posted underlying ebit of AUS$55.5 million (USD$35.5 million) in FY’23, down 81% from the previous fiscal year on sales revenues that fell 12% to A$3.92 billion (US$2.51 billion.).

Ethan Bernard

Ethan Bernard is a reporter and editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA. in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

Ethan Bernard

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