Schnitzer Steel Industries

Founded in 1906 as a one-man scrap metal operation, Schnitzer Steel Industries, Inc., has become one of the nation's largest recyclers of scrap metal, a leading provider of used and recycled auto parts and a manufacturer of finished steel products. With a rapidly growing national and global reach, the company achieved $2.5 billion in revenues in fiscal 2014 and was ranked #853 in the 2015 Fortune 1000 list of companies. Schnitzer Steel common stock is traded on the NASDAQ Stock Market under the symbol SCHN. With corporate headquarters based in Portland, Oregon, the company is split into three vertically integrated business units, the Metals Recycling Business, the Auto Parts Business and the Steel Manufacturing Business.

Company Growth (employees)
Type
Public
HQ
Portland, US
Founded
1906
Size (employees)
2,818 (est)
Schnitzer Steel Industries was founded in 1906 and is headquartered in Portland, US

Schnitzer Steel Industries Office Locations

Schnitzer Steel Industries has an office in Portland
Portland, US (HQ)
350 299 SW Clay St

Schnitzer Steel Industries Data and Metrics

Schnitzer Steel Industries Financial Metrics

Schnitzer Steel Industries's revenue was reported to be $477.1 m in Q3, 2017
USD

Revenue (Q3, 2017)

477.1 m

Gross profit (Q3, 2017)

66 m

Gross profit margin (Q3, 2017), %

14%

Net income (Q3, 2017)

17.3 m

EBIT (Q3, 2017)

19.1 m

Market capitalization (17-Aug-2017)

702.3 m

Cash (31-May-2017)

15.2 m
Schnitzer Steel Industries's current market capitalization is $702.3 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

2.6 b2.5 b1.9 b1.4 b

Revenue growth, %

(3%)(25%)(29%)

Cost of goods sold

2.4 b2.3 b1.7 b1.2 b

Gross profit

212.5 m227.6 m172.7 m176.6 m

Gross profit Margin, %

8%9%9%13%

General and administrative expense

148.9 b

Operating expense total

148.9 b

EBIT

(327.8 m)20.3 m(195.5 m)(7.8 m)

EBIT margin, %

(13%)1%(10%)(1%)

Interest expense

9.6 m10.6 m9.2 m8.9 m

Pre tax profit

(337.4 m)10.7 m(200.5 m)(15.5 m)

Income tax expense

(56.9 m)2.6 m(12.6 m)735 k

Net Income

(280 m)9.6 m(195.1 m)(17.6 m)
USDQ1, 2014Q2, 2015Q3, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017Q3, 2017

Revenue

555.6 m439.2 m467.3 m289.1 m351.6 m334.2 m382.1 m477.1 m

Cost of goods sold

510 m408.8 m424.3 m259.7 m294.7 m295.9 m326.8 m411.1 m

Gross profit

45.6 m30.4 m43 m29.4 m56.9 m38.3 m55.3 m66 m

Gross profit Margin, %

8%7%9%10%16%11%14%14%

General and administrative expense

45.4 m42.7 m39.8 m33.6 m41.7 m37.5 m43.8 m48.5 m

Operating expense total

45.4 m42.7 m39.8 m33.6 m41.7 m37.5 m43.8 m48.5 m

EBIT

78 k(204.9 m)(4 m)(37.1 m)14.9 m587 k14.2 m19.1 m

EBIT margin, %

0%(47%)(1%)(13%)4%0%4%4%

Interest expense

(2.4 m)(2.3 m)(2.4 m)(2 m)(2.9 m)(1.7 m)(2.1 m)(2.1 m)

Pre tax profit

(1.6 m)(205.6 m)(6.3 m)(38.7 m)11.9 m(717 k)12.4 m17.5 m

Income tax expense

(8 k)9.8 m(1.4 m)(1.3 m)(95 k)62 k(637 k)(161 k)

Net Income

(1.6 m)(195.9 m)(8.9 m)(41 m)11.7 m(708 k)11.7 m17.3 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

13.5 m25.7 m22.8 m26.8 m

Accounts Receivable

188.3 m189.4 m111.5 m114 m

Inventories

22.2 m24.1 m156.5 m133 m

Current Assets

467.2 m463.9 m322.4 m299.8 m

PP&E

564.4 m523.4 m427.6 m392.8 m

Goodwill

327.3 m325.9 m175.7 m166.8 m

Total Assets

1.4 b1.4 b962.3 m891.4 m

Accounts Payable

96.3 m103.5 m57.1 m58.4 m

Total Debt

9.2 m523 k584 k8.4 m

Current Liabilities

166.1 m177.3 m120.4 m133.7 m

Total Liabilities

390 m

Additional Paid-in Capital

7.5 m19.2 m26.2 m30.9 m

Retained Earnings

751.9 m737.6 m520.1 m480.1 m

Total Equity

781.2 m776 m538.6 m501.4 m

Debt to Equity Ratio

0 x0 x0 x0 x

Debt to Assets Ratio

0 x0 x0 x0 x

Financial Leverage

1.8 x1.7 x1.8 x1.8 x
USDQ1, 2014Q2, 2015Q3, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017Q3, 2017

Cash

14.7 m7.6 m8.9 m8.9 m7 m8.1 m9.8 m15.2 m

Inventories

244.3 m255.9 m197 m146 m156.9 m148.1 m168.9 m165.8 m

Current Assets

450.6 m413.2 m362.3 m261 m289.7 m294.3 m331.5 m334.3 m

Goodwill

323 m176.7 m176.8 m166.3 m166.9 m166.4 m166.5 m166.3 m

Total Assets

1.3 b1.1 b1 b852.2 m876.4 m878.9 m920.5 m921.2 m

Accounts Payable

73.6 m74.1 m67.9 m53.1 m56.9 m68.9 m72.6 m69.4 m

Current Liabilities

134.9 m130.6 m127.5 m105.3 m113.3 m125.9 m135 m145 m

Additional Paid-in Capital

20 m21.3 m24.6 m23.5 m27.5 m30.8 m33 m36.6 m

Retained Earnings

730 m529.2 m514.4 m463.3 m469.1 m473.6 m479.4 m490.8 m

Total Equity

760.8 m545.3 m536.3 m477.1 m488.9 m494.1 m502.7 m517.6 m

Financial Leverage

1.7 x2 x1.9 x1.8 x1.8 x1.8 x1.8 x1.8 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(280 m)9.6 m(195.1 m)(17.6 m)

Depreciation and Amortization

83.1 m79.2 m67.9 m54.6 m

Accounts Receivable

(79 m)(16 m)55.6 m(10.7 m)

Inventories

46.8 m36.3 m69.3 m27.5 m

Accounts Payable

(10.9 m)9.4 m(35.6 m)(763 k)

Cash From Operating Activities

39.3 m141.3 m144.6 m99.2 m

Capital Expenditures

(90.4 m)(39.1 m)(32.3 m)(34.6 m)

Cash From Investing Activities

(137.2 m)(41.2 m)(28.2 m)(30.5 m)

Long-term Borrowings

(230.9 m)(368.5 m)(231.1 m)(188 m)

Dividends Paid

(20 m)(20.1 m)(20.3 m)(20.4 m)

Cash From Financing Activities

20.6 m(88.2 m)(118.8 m)(64.9 m)

Interest Paid

8.5 m8.8 m7.1 m6.1 m

Income Taxes Paid

2.4 m4.1 m(5.8 m)5.9 m

Free Cash Flow

129.7 m180.4 m176.9 m64.7 m
USDQ1, 2014Q2, 2015Q3, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017Q3, 2017

Net Income

(1.6 m)(195.9 m)(8.9 m)(41 m)11.7 m(708 k)11.7 m17.3 m

Inventories

244.3 m255.9 m197 m146 m156.9 m148.1 m168.9 m165.8 m

Accounts Payable

73.6 m74.1 m67.9 m53.1 m56.9 m68.9 m72.6 m69.4 m
USDY, 2017

Revenue/Employee

169.3 k

Financial Leverage

1.8 x

Schnitzer Steel Industries Market Value History

Traffic Overview of Schnitzer Steel Industries

Schnitzer Steel Industries Online and Social Media Presence

Schnitzer Steel Industries Company Life and Culture

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