| Address:
|
6565 N. MACARTHUR BLVD., SUITE 800
P O BOX 1046 |
| City: |
IRVING |
|
State: |
TX |
|
Zip Code: |
75039 |
| Telephone: |
214-689-4300 |
|
Description of Business
|
Primary SIC Code:
3312 |
| (As filed with the SEC)
|
|
|
We manufacture, recycle, market and distribute steel and metal products and
related materials and services through a network of locations located throughout
the United States and internationally. During our fiscal year ended August 31,
2007, we considered our business to be organized into five segments: domestic
mills, CMCZ (our Polish mill CMC Zawiercie S.A. and related operations),
domestic fabrication, recycling and marketing and distribution.
We were incorporated in 1946 in the State of Delaware. Our predecessor
company, a metals recycling business, has existed since approximately 1915. We
maintain our executive offices at 6565 MacArthur Boulevard in Irving, Texas,
telephone number (214) 689-4300. Our fiscal year ends August 31 and all
references in this Form 10-K to years refer to the fiscal year ended August 31
of that year unless otherwise noted. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 11/2009 | -0.60 | 0.120 | N/E | | 08/2009 | 0.17 | 0.120 | 99.59 | | 05/2009 | 0.65 | 0.120 | 26.11 | | 02/2009 | 1.25 | 0.120 | 8.17 | | 11/2008 | 1.91 | 0.120 | 6.27 | | 08/2008 | 1.96 | 0.120 | 13.28 | | 05/2008 | 2.27 | 0.120 | 16.12 | | 02/2008 | 2.57 | 0.120 | 11.85 |
Key Financial Ratios and Statistics |
FYE:
08/31 |
| Profitability |
2009 |
Leverage |
2009 |
| Net Inc/Comm Equity | 0.36 | Total Liab/Total Assets | 0.59 | | Net Inc/Total Assets | 0.01 | Total Liab/Inv Cap | 0.76 | | Net Inc/Inv Cap | 0.01 | Total Liab/Comm Equity | 37.70 | | Pretax Inc/Net Sales | 0.00 | Interest Coverage Ratio | 1.41 | | Net Inc/Net Sales | 0.00 | Curr Debt/Equity | 0.02 | | Cash Flow/Net Sales | 0.12 | LTD/Equity | 0.77 | | SG&A/NetSales | 0.10 | Total Debt/Equity | 0.80 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 6.47 | Quick Ratio | 1.62 | | Inventory Turnover | 5.79 | Current Ratio | 2.45 | | Inventory Day Sales | 0.02 | Net Rec/Curr Assets | 0.37 | | Net Sales/Work Cap | 5.75 | Inv/Curr Assets | 0.34 | | Net Sales/PP&E | 5.03 | | |
Income Statement (Millions) |
| |
11/30/2009
|
8/31/2009
|
5/31/2009
|
2/28/2009
|
|
Total Revenues(Net Sales)
|
1,446.86
|
1,461.82
|
1,340.58
|
1,618.17
|
|
Cost of Goods Sold
|
1,335.48
|
1,304.12
|
1,147.84
|
1,455.23
|
|
Selling & Admin Exps
|
140.95
|
174.83
|
169.97
|
172.88
|
|
Operating Income
|
-29.58
|
-17.14
|
22.76
|
-9.94
|
|
Interest Exp
|
19.45
|
14.69
|
18.46
|
17.76
|
|
Pretax Income
|
-49.03
|
-31.83
|
4.30
|
-27.70
|
|
Other Income
|
NA
|
NA
|
NA
|
NA
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
-31.23
|
7.18
|
-13.08
|
-35.31
|
|
Assets
|
11/30/2009
|
8/31/2009
|
5/31/2009
|
2/28/2009
|
|
Cash & Short Term Investments
|
334.03
|
405.60
|
441.39
|
114.46
|
|
Receivables - Total
|
695.16
|
731.28
|
710.33
|
989.08
|
|
Inventories - Total
|
663.21
|
678.54
|
745.95
|
903.84
|
|
Total Current Assets
|
1,898.66
|
1,997.55
|
2,079.00
|
2,192.96
|
|
Net Property, Plant & Equipment
|
1,381.06
|
1,351.39
|
1,269.16
|
1,169.76
|
|
Total Assets
|
3,619.78
|
3,687.56
|
3,681.96
|
3,684.01
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
718.72
|
780.78
|
815.21
|
924.76
|
|
Debt in Current Liabilities
|
37.08
|
34.56
|
23.65
|
11.50
|
|
Total Current Liabilities
|
755.80
|
815.34
|
838.86
|
936.26
|
|
Long-Term Debt
|
1,177.23
|
1,181.74
|
1,184.60
|
1,157.82
|
|
Total Liabilities
|
2,097.55
|
2,157.86
|
2,187.77
|
2,240.20
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
2.39
|
2.37
|
2.43
|
2.80
|
|
Preferred Stock
|
0.00
|
0.00
|
NA
|
NA
|
|
Common Stock
|
1.29
|
1.29
|
1.29
|
1.29
|
|
Retained Earnings
|
1,393.46
|
1,438.21
|
1,444.53
|
1,471.11
|
|
Treasury Stock
|
-321.17
|
-324.80
|
-326.15
|
-326.42
|
|
Total Stockholders' Equity
|
1,522.24
|
1,529.69
|
1,494.19
|
1,443.82
|
|
Total Liabilities and Stockholders' Equity
|
3,619.78
|
3,687.56
|
3,681.96
|
3,684.01
|
Cash Flow Summary (Millions) |
|
Categories
|
11/30/2009
|
8/31/2009
|
5/31/2009
|
2/28/2009
|
|
Net Cash Provided by Operating Activities
|
31.89
|
137.71
|
379.76
|
285.07
|
|
Net Cash Provided by Investing Activities
|
-48.78
|
-79.05
|
-83.25
|
-118.92
|
|
Net Cash Provided by Financing Activities
|
-55.08
|
-95.33
|
29.93
|
-142.23
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 08/2005 | 6,592.70 | 285.78 | 2.32 | | 08/2006 | 7,555.92 | 356.35 | 2.89 | | 08/2007 | 8,329.02 | 355.43 | 2.95 | | 08/2008 | 10,427.38 | 231.97 | 1.96 | | 08/2009 | 6,793.40 | 20.80 | 0.17 | | Growth Rates | 0.75 | -48.06 | -47.97 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/09 | 246 | 88,589 | 78.47 |
|
Report Date :
2/8/2010
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