| Address:
|
3200 NW YEON AVE
P O BOX 10047 |
| City: |
PORTLAND |
|
State: |
OR |
|
Zip Code: |
97210-0047 |
| Telephone: |
503-224-9900 |
|
Description of Business
|
Primary SIC Code:
5090 |
| (As filed with the SEC)
|
|
|
Founded in 1906, Schnitzer Steel Industries, Inc., an Oregon corporation, is one
of the nation's largest recyclers of ferrous and nonferrous scrap metal, a
leading recycler of used and salvaged vehicles and a manufacturer of finished
steel products. The foundation of our business is a commitment to sustainability
- recycling metal to generate additional value while achieving profitable
growth. In recent years, the worldwide demand for scrap metal has been driven by
continued strong demand for new steel products, electric arc furnace ("EAF")
steel mill technology which relies on scrap metal as its primary feedstock and,
to a certain extent, the use by blast furnaces of scrap metal, which reduces
energy costs and use of virgin materials. The emerging markets, the primary end
markets for our recycled scrap metal, currently generate insufficient levels of
scrap metal to feed their steel production. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 11/2011 | 0.85 | 0.017 | 54.58 | | 08/2011 | 1.24 | 0.017 | 36.73 | | 05/2011 | 3.49 | 0.017 | 16.93 | | 02/2011 | 3.75 | 0.017 | 17.12 | | 11/2010 | 3.27 | 0.017 | 17.46 | | 08/2010 | 2.86 | 0.017 | 15.47 | | 05/2010 | 2.49 | 0.017 | 20.10 | | 02/2010 | 1.05 | 0.017 | 43.49 |
Key Financial Ratios and Statistics |
FYE:
08/31 |
| Profitability |
2011 |
Leverage |
2011 |
| Net Inc/Comm Equity | 4.22 | Total Liab/Total Assets | 0.41 | | Net Inc/Total Assets | 0.06 | Total Liab/Inv Cap | 0.47 | | Net Inc/Inv Cap | 0.07 | Total Liab/Comm Equity | 27.67 | | Pretax Inc/Net Sales | 0.05 | Interest Coverage Ratio | 22.43 | | Net Inc/Net Sales | 0.03 | Curr Debt/Equity | 0.00 | | Cash Flow/Net Sales | 0.04 | LTD/Equity | 0.37 | | SG&A/NetSales | 0.06 | Total Debt/Equity | 0.37 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 17.51 | Quick Ratio | 1.37 | | Inventory Turnover | 10.19 | Current Ratio | 2.80 | | Inventory Day Sales | 0.03 | Net Rec/Curr Assets | 0.38 | | Net Sales/Work Cap | 8.22 | Inv/Curr Assets | 0.51 | | Net Sales/PP&E | 6.23 | | |
Income Statement (Millions) |
| |
11/30/2011
|
8/31/2011
|
5/31/2011
|
2/28/2011
|
|
Total Revenues(Net Sales)
|
812.18
|
1,081.19
|
981.06
|
721.84
|
|
Cost of Goods Sold
|
742.22
|
966.23
|
870.53
|
632.86
|
|
Selling & Admin Exps
|
56.29
|
59.60
|
56.32
|
44.03
|
|
Operating Income
|
14.97
|
56.26
|
55.33
|
45.94
|
|
Interest Exp
|
3.27
|
3.55
|
3.13
|
1.16
|
|
Pretax Income
|
11.31
|
52.71
|
52.17
|
47.87
|
|
Other Income
|
-0.39
|
0.00
|
-0.03
|
3.09
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
7.02
|
36.71
|
33.03
|
30.83
|
|
Assets
|
11/30/2011
|
8/31/2011
|
5/31/2011
|
2/28/2011
|
|
Cash & Short Term Investments
|
26.99
|
49.46
|
32.80
|
48.25
|
|
Receivables - Total
|
233.45
|
245.30
|
259.00
|
185.60
|
|
Inventories - Total
|
410.12
|
335.12
|
364.16
|
356.56
|
|
Total Current Assets
|
701.14
|
654.00
|
668.66
|
604.79
|
|
Net Property, Plant & Equipment
|
552.83
|
555.28
|
538.89
|
488.33
|
|
Total Assets
|
1,928.30
|
1,890.17
|
1,888.79
|
1,659.79
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
175.90
|
229.69
|
188.43
|
188.05
|
|
Debt in Current Liabilities
|
14.67
|
0.64
|
3.28
|
0.70
|
|
Total Current Liabilities
|
193.53
|
233.31
|
195.13
|
191.30
|
|
Long-Term Debt
|
480.94
|
403.29
|
468.61
|
320.11
|
|
Total Liabilities
|
813.18
|
776.40
|
801.19
|
628.16
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
5.98
|
6.52
|
5.94
|
5.52
|
|
Preferred Stock
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Common Stock
|
27.26
|
27.30
|
27.49
|
27.48
|
|
Retained Earnings
|
1,070.36
|
1,065.11
|
1,028.89
|
996.33
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
1,096.19
|
1,094.71
|
1,067.95
|
1,031.63
|
|
Total Liabilities and Stockholders' Equity
|
1,909.37
|
1,871.12
|
1,869.14
|
1,659.79
|
Cash Flow Summary (Millions) |
|
Categories
|
11/30/2011
|
8/31/2011
|
5/31/2011
|
2/28/2011
|
|
Net Cash Provided by Operating Activities
|
-86.16
|
127.79
|
-7.60
|
37.90
|
|
Net Cash Provided by Investing Activities
|
-24.95
|
-30.02
|
-156.85
|
-180.54
|
|
Net Cash Provided by Financing Activities
|
88.78
|
-80.73
|
150.61
|
133.55
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 08/2007 | 2,572.26 | 131.33 | 4.32 | | 08/2008 | 3,641.55 | 248.68 | 8.61 | | 08/2009 | 1,787.23 | -32.23 | -1.14 | | 08/2010 | 2,301.24 | 66.75 | 2.86 | | 08/2011 | 3,459.19 | 118.36 | 1.24 | | Growth Rates | 7.69 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 181 | 22,074 | 90.49 |
|
Report Date :
2/6/2012
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