Last €19.66 EUR
Change Today +0.51 / 2.67%
Volume 0.0
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Exchange
NASDAQ GS
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As of 2:09 AM 07/14/14 All times are local (Market data is delayed by at least 15 minutes).

schnitzer steel inds inc-a (SS1A) Snapshot

Open
€19.65
Previous Close
€19.15
Day High
€19.66
Day Low
€19.52
52 Week High
01/2/14 - €23.66
52 Week Low
06/4/14 - €17.68
Market Cap
525.1M
Average Volume 10 Days
282.0
EPS TTM
--
Shares Outstanding
26.4M
EX-Date
05/8/14
P/E TM
--
Dividend
€0.74
Dividend Yield
2.80%
Current Stock Chart for SCHNITZER STEEL INDS INC-A (SS1A)

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schnitzer steel inds inc-a (SS1A) 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 61 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.

3,643 Employees
Last Reported Date: 10/29/13
Founded in 1906

schnitzer steel inds inc-a (SS1A) 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 (SS1A) Key Developments

Schnitzer Steel Industries, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended May 31, 2014; Provides Financial Guidance for the Full Year of Fiscal 2014

Schnitzer Steel Industries, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended May 31, 2014. For the quarter, the company reported operating income of $1,629,000, loss before income taxes of $381,000, net income of $4,124,000, net income attributable to SSI was $3,110,000 or $0.12 diluted per share on revenues of $637,787,000 against operating income of $7,187,000, income before income taxes of $4,540,000, net income of $1,554,000, net income attributable to SSI was $820,000 or $0.03 diluted per share on revenues of $710,295,000 for the same period a year ago. Adjusted operating income was $5 million against $9 million for the same period a year ago. Adjusted net Income attributable to SSI was $4 million against $2 million for the same period a year ago. Adjusted diluted EPS attributable to SSI was $0.16 against $0.09 for the same period a year ago. Third quarter revenues increased sequentially, reflecting higher car volumes and seasonally stronger retail sales, partially offset by the adverse impact of lower commodity prices. Net debt of $347 million at the end of the third quarter was $11 million less than at the end of the second quarter in fiscal 2014. The company invested $8 million in capex during the quarter, which was spent on maintaining the business and environmental and safety projects. The company's positive EBITDA was the main contributor to operating cash flow of $27 million. For the nine months, the company reported operating income of $4,588,000, loss before income taxes of $2,905,000, net income of $1,398,000, net loss attributable to SSI was $1,328,000 or $0.05 diluted loss per share on revenues of $1,851,679,000 against operating income of $19,791,000, income before income taxes of $13,046,000, net income of $8,855,000, net income attributable to SSI was $7,792,000 or $0.29 diluted per share on revenues of $1,965,325,000 for the same period a year ago. The company generated $73 million in operating cash flow during the first nine months of fiscal 2014. The company's capex was $29 million. The company provides earnings guidance for the full year of fiscal 2014. The company's full year tax rate for fiscal 2014 is anticipated to be approximately 29%. The company anticipates capex no more than $40 million for the fiscal year.

Schnitzer Steel Industries, Inc., Q3 2014 Earnings Call, Jun 26, 2014

Schnitzer Steel Industries, Inc., Q3 2014 Earnings Call, Jun 26, 2014

Schnitzer Steel Industries, Inc. to Report Q3, 2014 Results on Jun 26, 2014

Schnitzer Steel Industries, Inc. announced that they will report Q3, 2014 results at 9:00 AM, Eastern Standard Time on Jun 26, 2014

 

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