| Address:
|
7575 W JEFFERSON BLVD
|
| City: |
FORT WAYNE |
|
State: |
IN |
|
Zip Code: |
46804 |
| Telephone: |
260 459 3553 |
|
Description of Business
|
Primary SIC Code:
3312 |
| (As filed with the SEC)
|
|
|
We are one of the largest steel producers and one of the largest metals
recyclers in the United States based on a current estimated annual steelmaking
capability of 6.4 million tons and actual recycling volumes. Actual metals
recycling shipments during 2008, 2009, and 2010, respectively, were 5.0 million
gross tons, 3.6 million gross tons, and 5.2 million gross tons of ferrous
materials; and 912 million pounds, 780 million pounds and 961 million pounds of
nonferrous metallics. Our steel shipments during 2008, 2009, and 2010 were
5.6 million tons, 4.0 million tons, and 5.3 million tons, respectively. We
reported net sales of $8.1 billion, $4.0 billion, and $6.3 billion during 2008,
2009, and 2010, respectively. At December 31, 2010, we employed approximately
6,180 individuals, 89% of whom were non-union. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 12/2011 | 1.22 | 0.100 | 10.78 | | 09/2011 | 1.12 | 0.100 | 8.86 | | 06/2011 | 1.02 | 0.100 | 15.93 | | 03/2011 | 0.81 | 0.100 | 23.17 | | 12/2010 | 0.64 | 0.075 | 28.59 | | 09/2010 | 0.74 | 0.075 | 19.07 | | 06/2010 | 1.03 | 0.075 | 12.81 | | 03/2010 | 0.73 | 0.075 | 23.93 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 0.52 | Total Liab/Total Assets | 0.62 | | Net Inc/Total Assets | 0.03 | Total Liab/Inv Cap | 0.69 | | Net Inc/Inv Cap | 0.03 | Total Liab/Comm Equity | 12.67 | | Pretax Inc/Net Sales | 0.03 | Interest Coverage Ratio | NA | | Net Inc/Net Sales | 0.02 | Curr Debt/Equity | 0.00 | | Cash Flow/Net Sales | 0.03 | LTD/Equity | 1.14 | | SG&A/NetSales | 0.04 | Total Debt/Equity | 1.14 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 9.96 | Quick Ratio | 1.58 | | Inventory Turnover | 5.72 | Current Ratio | 3.56 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.34 | | Net Sales/Work Cap | 4.38 | Inv/Curr Assets | 0.56 | | Net Sales/PP&E | 2.85 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
2,043.46
|
2,079.73
|
2,015.97
|
1,528.13
|
|
Cost of Goods Sold
|
1,844.21
|
1,803.35
|
1,720.22
|
1,394.47
|
|
Selling & Admin Exps
|
80.30
|
78.09
|
80.34
|
62.89
|
|
Operating Income
|
108.79
|
188.22
|
205.33
|
46.82
|
|
Interest Exp
|
NA
|
NA
|
NA
|
NA
|
|
Pretax Income
|
67.61
|
149.15
|
166.55
|
7.96
|
|
Other Income
|
3.52
|
5.75
|
4.57
|
6.12
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
43.30
|
98.71
|
105.90
|
7.79
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
456.69
|
277.69
|
160.81
|
186.51
|
|
Receivables - Total
|
862.04
|
885.81
|
911.23
|
680.18
|
|
Inventories - Total
|
1,158.85
|
1,195.19
|
1,186.17
|
1,114.06
|
|
Total Current Assets
|
2,496.23
|
2,373.86
|
2,277.12
|
2,000.00
|
|
Net Property, Plant & Equipment
|
2,168.44
|
2,176.31
|
2,187.70
|
2,213.33
|
|
Total Assets
|
6,003.48
|
5,900.45
|
5,827.61
|
5,589.93
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
716.26
|
669.29
|
688.43
|
552.39
|
|
Debt in Current Liabilities
|
1.21
|
1.55
|
1.22
|
8.92
|
|
Total Current Liabilities
|
717.47
|
670.85
|
689.64
|
561.32
|
|
Long-Term Debt
|
2,379.05
|
2,377.79
|
2,378.28
|
2,377.90
|
|
Total Liabilities
|
3,637.55
|
3,570.26
|
3,582.62
|
3,442.77
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
-18.90
|
-18.71
|
-17.29
|
-16.04
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
0.64
|
0.64
|
0.64
|
0.63
|
|
Retained Earnings
|
2,003.49
|
1,982.05
|
1,905.21
|
1,821.13
|
|
Treasury Stock
|
-725.85
|
-725.85
|
-725.85
|
-727.62
|
|
Total Stockholders' Equity
|
2,301.57
|
2,275.90
|
2,190.69
|
2,092.87
|
|
Total Liabilities and Stockholders' Equity
|
5,939.12
|
5,846.16
|
5,773.31
|
5,535.64
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
222.46
|
166.00
|
3.94
|
-12.21
|
|
Net Cash Provided by Investing Activities
|
-37.18
|
-32.83
|
-19.84
|
-55.63
|
|
Net Cash Provided by Financing Activities
|
-6.28
|
-16.28
|
-9.80
|
-15.77
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 3,238.79 | 396.71 | 1.88 | | 12/2007 | 4,384.55 | 394.57 | 1.00 | | 12/2008 | 8,080.52 | 463.39 | 2.38 | | 12/2009 | 3,958.81 | -8.18 | -0.04 | | 12/2010 | 6,300.89 | 140.71 | 0.64 | | Growth Rates | 18.10 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 265 | 150,734 | 68.92 |
|
Report Date :
1/30/2012
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