Schnitzer Steel Industries

Manufacturing & Industrial metal recycling

Schnitzer Steel Industries is a recycler of ferrous and nonferrous scrap metal, including end-of-life vehicles, and a manufacturer of finished steel products. The Company operates through two segments: The Auto Recycling and Metals Recycling, which collects and recycles auto bodies, rail cars, home appliances, industrial machinery, manufacturing scrap and construction and demolition scrap from bridges, buildings and other infrastructure; and SMB segment, which produces finished steel products such as rebar, wire rod, coiled rebar, merchant bar and other specialty products.

Revenue(FY, 2016)

$1.4 B

Market capitalization(2018-04-20)

$924.6 M

Type

Public

Portland, US

Founded

1906

Size (employees)

3,183 (est)

Website

schnitzersteel.com

Schnitzer Steel Industries was founded in 1906 and is headquartered in Portland, US

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Schnitzer Steel Industries Office Locations

Schnitzer Steel Industries has an office in Portland

Portland, US (HQ)

299 SW Clay Street, Suite 350

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Schnitzer Steel Industries Financials and Metrics

Schnitzer Steel Industries Financials

Schnitzer Steel Industries's revenue was reported to be $1.35 b in FY, 2016 which is a 29.4% decrease from the previous period.

Summary

USD
Revenue (Q1, 2018)	483.3 m
Gross profit (Q1, 2018)	77 m
Gross profit margin (Q1, 2018), %	15.9%
Net income (Q1, 2018)	19.2 m
EBIT (Q1, 2018)	26.4 m
Market capitalization (20-Apr-2018)	924.6 m
Cash (30-Nov-2017)	9.2 m
EV	916.1 m

Schnitzer Steel Industries's current market capitalization is $924.6 m.

Source: SEC Filings

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	2.6 b	2.5 b	1.9 b	1.4 b
Revenue growth, %		(3%)	(25%)	(29%)
Cost of goods sold	2.4 b	2.3 b	1.7 b	1.2 b
Gross profit	212.5 m	227.6 m	172.7 m	176.6 m

Quarterly

USD	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Revenue	587.7 m	626.1 m	637.8 m	555.6 m	439.2 m	467.3 m	289.1 m	351.6 m	334.2 m	382.1 m	477.1 m	483.3 m
Cost of goods sold	542.4 m	571.1 m	586.8 m	510 m	408.8 m	424.3 m	259.7 m	294.7 m	295.9 m	326.8 m	411.1 m	406.3 m
Gross profit	45.3 m	55 m	51 m	45.6 m	30.4 m	43 m	29.4 m	56.9 m	38.3 m	55.3 m	66 m	77 m
Gross profit Margin, %	8%	9%	8%	8%	7%	9%	10%	16%	11%	14%	14%	16%

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Source: SEC Filings

Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	13.5 m	25.7 m	22.8 m	26.8 m
Accounts Receivable	188.3 m	189.4 m	111.5 m	114 m
Inventories	22.2 m	24.1 m	156.5 m	133 m
Current Assets	467.2 m	463.9 m	322.4 m	299.8 m

Quarterly

USD	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Cash	29.9 m	20.4 m	29.4 m	14.7 m	7.6 m	8.9 m	8.9 m	7 m	8.1 m	9.8 m	15.2 m	9.2 m
Inventories	280.1 m	252.8 m	230.8 m	244.3 m	255.9 m	197 m	146 m	156.9 m	148.1 m	168.9 m	165.8 m	216.4 m
Current Assets	465.9 m	478.6 m	493.1 m	450.6 m	413.2 m	362.3 m	261 m	289.7 m	294.3 m	331.5 m	334.3 m	395.4 m
Goodwill	327.2 m	324.8 m	326 m	323 m	176.7 m	176.8 m	166.3 m	166.9 m	166.4 m	166.5 m	166.3 m	167.2 m

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Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	(280 m)	9.6 m	(195.1 m)	(17.6 m)
Depreciation and Amortization	83.1 m	79.2 m	67.9 m	54.6 m
Inventories	46.8 m	36.3 m	69.3 m	27.5 m
Accounts Payable	(10.9 m)	9.4 m	(35.6 m)	(763 k)

Quarterly

USD	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Net Income	(5.4 m)	2.6 m	4.1 m	(1.6 m)	(195.9 m)	(8.9 m)	(41 m)	11.7 m	(708 k)	11.7 m	17.3 m	19.2 m
Depreciation and Amortization												12.5 m
Inventories				244.3 m	255.9 m	197 m	146 m	156.9 m	148.1 m	168.9 m	165.8 m	(47.3 m)
Accounts Payable				73.6 m	74.1 m	67.9 m	53.1 m	56.9 m	68.9 m	72.6 m	69.4 m	8.5 m