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Last $19.58 USD
Change Today -0.24 / -1.21%
Volume 928.0K
SCHN On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

schnitzer steel inds inc-a (SCHN) Key Developments

Schnitzer Steel Industries, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended May 31, 2015; Provides Earnings Guidance for the Year 2015

Schnitzer Steel Industries, Inc. announced unaudited consolidated earnings results for the third quarter ended May 31, 2015. For the quarter, the company reported net loss attributable to the company narrowed to $9.6 million, or $0.36 per share, from $195.6 million, or $7.24 per share, a year earlier. Excluding discontinued operations, the loss per share was $0.31, against a per-share loss of $7.08 in the prior-year period. Total revenue climbed to $467.3 million from $437.4 million, but missed the Street's consensus forecast of $503.8 million. Revenue was $467 million against $635 million a year ago. Adjusted operating income was $3 million against $6 million a year ago. Net loss from continuing operations attributable to company was $8 million against net income from continuing operations attributable to company of $3 million a year ago. Loss from continuing operations before income taxes was $6,311,000 against income from continuing operations before income taxes of $560,000 a year ago. Loss from continuing operations was $7,707,000 against income from continuing operations of $4,454,000 a year ago. Net loss was $8,941,000 against net income of $4,124,000 a year ago. The company generated positive operating cash flow in the third quarter of $64 million which enabled the Company to reduce total debt to $263 million, the lowest level since first quarter of fiscal 2011. Operating cash flow of $64 million during the third quarter enabled a continuation in the reduction of debt outstanding while funding quarterly dividend and capital expenditures. Net debt of $254 million at the end of the third quarter was $51 million lower than at the end of the second quarter. For nine months, the company reported total revenues of $1,458,382,000 against $1,845,163,000 a year ago. Adjusted operating income was $786,000 against $15,691,000 a year ago. Total operating loss was $204,246,000 against total operating income of $7,787,000 a year ago. Loss from continuing operations before income taxes was $208,279,000 against income from continuing operations before income taxes of $447,000 a year ago. Loss from continuing operations was $200,108,000 against income from continuing operations of $3,713,000 a year ago. Net loss was $206,422,000 against net income of $1,398,000 a year ago. Net loss attributable to company was $207,740,000 against $1,328,000 a year ago. Basic and diluted loss per share from continuing operations attributable to company was $7.46 against basic and diluted income per share from continuing operations attributable to company $0.04 per share a year ago. For the full year, the company anticipates a full year effective tax rate of 4%, primarily driven by estimated valuation allowances on deferred tax assets.

Schnitzer Steel Industries, Inc. to Report Q3, 2015 Results on Jun 30, 2015

Schnitzer Steel Industries, Inc. announced that they will report Q3, 2015 results at 11:30 AM, US Eastern Standard Time on Jun 30, 2015

Schnitzer Steel Industries, Inc., Q3 2015 Earnings Call, Jun 30, 2015

Schnitzer Steel Industries, Inc., Q3 2015 Earnings Call, Jun 30, 2015

Schnitzer Steel Industries, Inc. Presents at KeyBanc Capital Markets Industrial, Automotive & Transportation Conference, May-28-2015 08:00 AM

Schnitzer Steel Industries, Inc. Presents at KeyBanc Capital Markets Industrial, Automotive & Transportation Conference, May-28-2015 08:00 AM. Venue: InterContinental Boston, 510 Atlantic Ave, Boston, MA 02210, United States. Speakers: Richard D. Peach, Chief Financial Officer and Senior Vice President.

Schnitzer Steel Industries, Inc. Declares Quarterly Dividend, Payable on May 26, 2015

The Board of Directors of Schnitzer Steel Industries, Inc. declared a cash dividend of $0.1875 per common share, payable on May 26, 2015, to shareholders of record on May 11, 2015.

 

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SCHN Competitors

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Company Last Change
AEP Industries Inc $56.41 USD +0.89
Century Aluminum Co $10.42 USD +0.30
Gibraltar Industries Inc $19.99 USD -0.09
Materion Corp $34.41 USD -0.52
Olympic Steel Inc $16.75 USD -0.53
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Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 0.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.1x
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