Schnitzer Steel Industries Financials

$483.3 M

Revenue Q1, 2018

$926.1 M

Mkt cap, 18-Apr-2018
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
Cash, 30-Nov-20179.2 M
EV917.5 M

Revenue/Financials

Income Statement

Annual

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)

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

587.7 m626.1 m637.8 m555.6 m439.2 m467.3 m289.1 m351.6 m334.2 m382.1 m477.1 m483.3 m

Cost of goods sold

542.4 m571.1 m586.8 m510 m408.8 m424.3 m259.7 m294.7 m295.9 m326.8 m411.1 m406.3 m

Gross profit

45.3 m55 m51 m45.6 m30.4 m43 m29.4 m56.9 m38.3 m55.3 m66 m77 m

Gross profit Margin, %

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

General and administrative expense

47.6 m45.9 m46.2 m45.4 m42.7 m39.8 m33.6 m41.7 m37.5 m43.8 m48.5 m51 m

Operating expense total

47.6 m45.9 m46.2 m45.4 m42.7 m39.8 m33.6 m41.7 m37.5 m43.8 m48.5 m51 m

EBIT

(3.6 m)6.6 m1.6 m78 k(204.9 m)(4 m)(37.1 m)14.9 m587 k14.2 m19.1 m26.4 m

EBIT margin, %

(1%)1%0%0%(47%)(1%)(13%)4%0%4%4%5%

Interest expense

2.7 m2.8 m2.6 m2.4 m2.3 m2.4 m2 m2.9 m1.7 m2.1 m2.1 m2.1 m

Pre tax profit

(6.2 m)3.6 m(381 k)(1.6 m)(205.6 m)(6.3 m)(38.7 m)11.9 m(717 k)12.4 m17.5 m25.2 m

Income tax expense

784 k(986 k)4.5 m(8 k)9.8 m(1.4 m)(1.3 m)(95 k)62 k(637 k)(161 k)(6 m)

Net Income

(5.4 m)2.6 m4.1 m(1.6 m)(195.9 m)(8.9 m)(41 m)11.7 m(708 k)11.7 m17.3 m19.2 m

Balance Sheet

Annual

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

Short-term debt

9.2 m523 k584 k8.4 m

Current Liabilities

166.1 m177.3 m120.4 m133.7 m

Total Debt

9.2 m523 k584 k8.4 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

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

29.9 m20.4 m29.4 m14.7 m7.6 m8.9 m8.9 m7 m8.1 m9.8 m15.2 m9.2 m

Inventories

280.1 m252.8 m230.8 m244.3 m255.9 m197 m146 m156.9 m148.1 m168.9 m165.8 m216.4 m

Current Assets

465.9 m478.6 m493.1 m450.6 m413.2 m362.3 m261 m289.7 m294.3 m331.5 m334.3 m395.4 m

Goodwill

327.2 m324.8 m326 m323 m176.7 m176.8 m166.3 m166.9 m166.4 m166.5 m166.3 m167.2 m

Total Assets

1.4 b1.4 b1.4 b1.3 b1.1 b1 b852.2 m876.4 m878.9 m920.5 m921.2 m985.9 m

Accounts Payable

85.9 m91.8 m91.5 m73.6 m74.1 m67.9 m53.1 m56.9 m68.9 m72.6 m69.4 m97.2 m

Short-term debt

613 k696 k601 k471 k618 k637 k620 k648 k701 k676 k641 k657 k

Current Liabilities

140.3 m152.8 m157.1 m134.9 m130.6 m127.5 m105.3 m113.3 m125.9 m135 m145 m171.5 m

Total Debt

613 k696 k601 k471 k618 k637 k620 k648 k701 k676 k641 k657 k

Total Liabilities

619.8 m617 m616.6 m561.3 m525.3 m474 m375.1 m387.5 m384.8 m417.8 m403.7 m434.3 m

Additional Paid-in Capital

10.1 m13.5 m16.5 m20 m21.3 m24.6 m23.5 m27.5 m30.8 m33 m36.6 m40.1 m

Retained Earnings

740.6 m737.3 m735.4 m730 m529.2 m514.4 m463.3 m469.1 m473.6 m479.4 m490.8 m516.8 m

Total Equity

772.3 m766.8 m771.2 m760.8 m545.3 m536.3 m477.1 m488.9 m494.1 m502.7 m517.6 m551.6 m

Financial Leverage

1.8 x1.8 x1.8 x1.7 x2 x1.9 x1.8 x1.8 x1.8 x1.8 x1.8 x1.8 x

Cash Flow

Annual

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

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

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Net Income

(5.4 m)2.6 m4.1 m(1.6 m)(195.9 m)(8.9 m)(41 m)11.7 m(708 k)11.7 m17.3 m19.2 m

Depreciation and Amortization

12.5 m

Accounts Receivable

(8.6 m)

Inventories

244.3 m255.9 m197 m146 m156.9 m148.1 m168.9 m165.8 m(47.3 m)

Accounts Payable

73.6 m74.1 m67.9 m53.1 m56.9 m68.9 m72.6 m69.4 m8.5 m

Cash From Operating Activities

(15.6 m)

Cash From Investing Activities

(13.6 m)

Long-term Borrowings

(149.7 m)

Dividends Paid

(5.5 m)

Cash From Financing Activities

31.1 m

Income Taxes Paid

3.8 m

Free Cash Flow

(30.7 m)

Ratios

USDY, 2017

EV/EBIT

34.7 x

EV/CFO

-58.9 x

EV/FCF

-29.8 x

Revenue/Employee

151.8 k

Financial Leverage

1.8 x
Report incorrect company information