Last $22.70 USD
Change Today +0.15 / 0.67%
Volume 89.4K
SCHN On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

schnitzer steel inds inc-a (SCHN) Snapshot

Open
$22.68
Previous Close
$22.55
Day High
$22.97
Day Low
$22.45
52 Week High
01/2/14 - $33.32
52 Week Low
10/9/14 - $21.41
Market Cap
614.9M
Average Volume 10 Days
238.3K
EPS TTM
$0.48
Shares Outstanding
26.8M
EX-Date
11/6/14
P/E TM
46.8x
Dividend
$0.75
Dividend Yield
3.30%
Current Stock Chart for SCHNITZER STEEL INDS INC-A (SCHN)

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schnitzer steel inds inc-a (SCHN) Details

Schnitzer Steel Industries, Inc. manufactures and exports recycled ferrous metal products worldwide. The company operates in three segments: Metals Recycling Business (MRB), Auto Parts Business (APB), and Steel Manufacturing Business (SMB). The MRB segment buys, collects, processes, recycles, sells, and brokers ferrous scrap metals, as well as processes mixed and large pieces of scrap metal into smaller pieces by crushing, sorting, shearing, shredding, and torching. This segment offers ferrous scrap metal, a feedstock used in the production of finished steel products; and nonferrous products, including aluminum, copper, stainless steel, nickel, brass, titanium, lead, high temperature alloys, and joint products. It sells processed nonferrous scrap metal to specialty steelmakers, foundries, aluminum sheet and ingot manufacturers, copper refineries and smelters, brass and bronze ingot manufacturers, and wire and cable producers. The APB segment procures used and salvaged vehicles, and sells serviceable used auto parts from these vehicles through its 62 self-service auto parts stores in the United States and Western Canada, as well as sells autobodies and parts containing ferrous and nonferrous materials, such as engines, transmissions, alternators, and catalytic converters to metals recyclers. The SMB segment produces a range of finished steel products using recycled metal and other raw materials. Its products include semi-finished goods, such as billets; and finished goods consisting of rebars, coiled rebars, wire rods, merchant bars, and other specialty products. This segment serves steel service centers, construction industry subcontractors, steel fabricators, wire drawers, and farm and wood products suppliers. Schnitzer Steel Industries, Inc. was founded in 1906 and is headquartered in Portland, Oregon.

3,371 Employees
Last Reported Date: 10/28/14
Founded in 1906

schnitzer steel inds inc-a (SCHN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.0M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $612.3K
Senior Vice President and President of Auto P...
Total Annual Compensation: $521.6K
Senior Vice President and President of Steel ...
Total Annual Compensation: $412.5K
Chief Human Resources Officer and Senior Vice...
Total Annual Compensation: $529.0K
Compensation as of Fiscal Year 2013.

schnitzer steel inds inc-a (SCHN) Key Developments

Schnitzer Steel Industries, Inc. Declares Quarterly Dividend, Payable on November 24, 2014

The Board of Directors of Schnitzer Steel Industries, Inc. declared a cash dividend of $0.1875 per common share, payable on November 24, 2014, to shareholders of record on November 10, 2014.

Schnitzer Steel Industries, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended August 31, 2014

Schnitzer Steel Industries, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended August 31, 2014. For the quarter, the company reported revenues of $691,904,000 compared to $656,586,000 a year ago. Operating income was $15,728,000 compared to Operating loss of $347,579,000 a year ago. Income before income taxes was $13,640,000 compared to loss before income taxes of $350,495,000 a year ago. Income from continuing operations was $7,336,000 or $0.24 per diluted share compared to loss from continuing operations of $288,878,000 or $10.82 per diluted share a year ago. Net income attributable to the company was $7,251,000 or $0.27 per diluted share compared to net loss attributable to the company of as $289,234,000 or $10.82 per diluted share a year ago. Adjusted operating income was $16 million compared to adjusted operating loss of $11 million a year ago. Net income from continuing operations attributable to SSI was $6 million or $0.24 per diluted share compared to net loss from continuing operations attributable to SSI of $289 million or $10.82 per diluted share a year ago. Adjusted net income from continuing operations attributable to SSI was $9 million or $0.33 per diluted share compared to Adjusted net loss from continuing operations attributable to SSI of $14 million or $0.51 per diluted share a year ago. Fourth quarter improvement reflects strong focus on executing productivity improvements and maximizing market opportunities in a still challenging environment. Metals Recycling Business, the benefits of this focus together with less volatile market conditions and increased ferrous and nonferrous volumes drove significantly higher operating income in the fourth quarter, which represented MRB's best quarter since 2012. In Steel Manufacturing Business, higher volumes, combined with significant continued production efficiencies, generated operating income which nearly doubled sequentially and was SMB's best quarter since 2008. Operating cash flow of $69 million in the fourth quarter. The company announced that it has invested $10 million in CapEx during the fourth quarter. For the year, the company reported revenues of $2,543,583,000 compared to $2,621,911,000 a year ago. Operating income was $20,316,000 compared to operating loss of $327,789,000 a year ago. Income before income taxes was $10,735,000 compared to loss before income taxes of $337,449,000 a year ago. Income from continuing operations was $8,734,000 or $0.19 per diluted share compared to loss from continuing operations of $280,023,000 or $10.56 per diluted share a year ago. Net income attributable to the company was $5,924,000 or $0.22 per diluted share compared to net loss attributable to the company of as $281,442,000 or $10.56 per diluted share a year ago. Adjusted operating income was $29 million compared to $14 million a year ago. Net income from continuing operations attributable to SSI was $5 million or $0.19 per diluted share compared to net loss from continuing operations attributable to SSI of $281 million or $10.56 per diluted share a year ago. Adjusted net income from continuing operations attributable to SSI was $12 million or $0.44 per diluted share compared to Adjusted net loss from continuing operations attributable to SSI of $2 million or $0.07 per diluted share a year ago. Full fiscal year 2014 performance, delivered substantially higher profitability year over year due to the successful implementation of productivity initiatives and the flexibility of operating platform. SThe ability to maximize cash metal spreads and manage working capital efficiently resulted in strong operating cash flow which enabled to fund capital investments and reduce leverage while returning capital to shareholders through quarterly dividend. During fiscal 2014, the Company invested $39 million in capital expenditures. Strong operating cash flow of $141 million in fiscal 2014.

Schnitzer Seeks Acquisitions

Schnitzer Steel Industries, Inc. (NasdaqGS:SCHN) is seeking acquisitions. Tamara Lundgren, President and Chief Executive Officer of Schnitzer said, “We continue to want to grow our platform in both of those areas. And I think that the productivity initiatives that we've implemented give us a stronger base from which to do that. As you know, you can't control when acquisition opportunities come your way and when you can execute on them, but I do anticipate more activity probably coming through towards the second half. Next 12 to 18 months, I think you are going to see more activity, as the market dynamics are continuing the way they are. So, we're continuing to be focused in both of those areas on acquisition opportunities.”

 

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Industry Analysis

SCHN

Industry Average

Valuation SCHN Industry Range
Price/Earnings 100.0x
Price/Sales 0.2x
Price/Book 0.8x
Price/Cash Flow 102.0x
TEV/Sales 0.1x
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