Last $16.63 USD
Change Today +0.02 / 0.12%
Volume 9.3K
SCHN On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 9:33 AM 01/29/15 All times are local (Market data is delayed by at least 15 minutes).

schnitzer steel inds inc-a (SCHN) Snapshot

Open
$16.65
Previous Close
$16.49
Day High
$16.86
Day Low
$16.59
52 Week High
04/3/14 - $30.04
52 Week Low
01/27/15 - $16.25
Market Cap
449.4M
Average Volume 10 Days
367.9K
EPS TTM
--
Shares Outstanding
26.5M
EX-Date
11/6/14
P/E TM
--
Dividend
$0.75
Dividend Yield
4.52%
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: $600.0K
Senior Vice President and President of Metals...
Total Annual Compensation: $600.9K
Senior Vice President and President of Steel ...
Total Annual Compensation: $412.0K
Chief Human Resources Officer and Senior Vice...
Total Annual Compensation: $529.0K
Compensation as of Fiscal Year 2014.

schnitzer steel inds inc-a (SCHN) Key Developments

Schnitzer Steel Industries, Inc. Announces Retirement of Thomas D. Klauer, Jr. as Senior Vice President and President

On January 5, 2015, Thomas D. Klauer, Jr., Senior Vice President and President of Schnitzer Steel Industries Inc.'s Auto Parts Business, retired from Schnitzer Steel Industries, Inc. Mr. Klauer joined the company in 1989.

Schnitzer Steel Industries to Cut Headcount in Auto Parts Business

Schnitzer Steel Industries will cut the headcount in its auto parts business by 4% as it doubles down on a productivity initiative that has yielded $7 million in operational savings. The company aims to achieve $14 million in cost savings in its relative small auto parts business by cutting jobs this year.

Schnitzer Steel Industries, Inc. Announces Unaudited Consolidated Earnings and Operating Results for the First Quarter Ended November 30, 2014; Provides Financial Guidance for the Year 2015

Schnitzer Steel Industries, Inc. announced unaudited consolidated earnings and operating results for the first quarter ended November 30, 2014. For the quarter, the company reported revenues of $555,590,000 against $587,745,000 a year ago. Operating income was $78,000 against operating loss of $3,625,000 a year ago. Loss before income taxes was $1,593,000 against $6,151,000 a year ago. Net loss attributable to SSI was $2,472,000 or $0.09 per diluted share against $6,228,000 or $0.23 per diluted share a year ago. Loss from continues operations was $1,601,000 or $0.09 per diluted share against $5,367,000 or $0.23 per diluted share a year ago. Adjusted operating income was $6 million against adjusted operating loss of $2 million a year ago. Adjusted net income attributable to SSI was $2 million or $0.08 per diluted share against loss of $5 million or $0.18 per diluted share a year ago. Net debt of $326 million at the end of the first quarter was $32 million higher than at the end of the fourth quarter in fiscal 2014 due to increased net working capital which included the impact of the timing of shipments. During the first quarter of fiscal 2015, all three business segments generated positive operating income, largely due to benefits from productivity initiatives. For the quarter, the company reported Ferrous sales volume of 938,000 LT against 978,000 LT a year ago. Nonferrous Sales volume was 127 million LB against 124 million LB a year ago. Ferrous sales volumes declined 4% from the prior year quarter, primarily due to weaker export demand and the impact of the lower price environment on scrap supply and the timing of shipments. Nonferrous sales volumes increased 3% from the prior year quarter, largely due to higher processing efficiencies. For the year 2015, the company anticipates a full year effective tax rate of 27%, subject to financial performance for the remainder of the year. The company expects to invest approximately $40 million in capital expenditures in the fiscal 2015.

 

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Industry Analysis

SCHN

Industry Average

Valuation SCHN Industry Range
Price/Earnings 50.9x
Price/Sales 0.2x
Price/Book 0.6x
Price/Cash Flow 46.0x
TEV/Sales 0.0x
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