Type
|
Public company |
---|---|
Traded as | NASDAQ: SCHN |
Industry | Steel |
Founded | 1906 (1906) |
Headquarters | Portland, Oregon |
Key people
|
John D. Carter, Chairman Tamara L. Lundgren, CEO |
Products | Steel Rebar |
Revenue | $1.352 billion (FY 2016) |
Net income
|
-$0.017 million (FY 2016) |
Total assets | $0.891 billion (FY 2016) |
Total equity | $0.501 billion (FY 2016) |
Number of employees
|
2,818 (September 30, 2016) |
Website | www |
Schnitzer Steel Industries, Inc. is a steel manufacturing and scrap metal recycling company headquartered in Portland, Oregon.
The Auto and Metals Recycling division collects and recycles autobodies, rail cars, home appliances, industrial machinery, manufacturing scrap and construction and demolition scrap from bridges, buildings and other infrastructure. It sources from 52 stores which operate under the commercial brand-name Pick-n-Pull. In fiscal 2016, the Auto and Metals Recycling division recycled and shipped 3.3 million tons of ferrous scrap metal and 510 million pounds of nonferrous scrap metal.
In 2016, it sold to customers in 24 countries.
The Steel Manufacturing Business produces finished steel products such as rebar, wire rod, coiled rebar, merchant bar and other specialty products using nearly 100% recycled metal sourced from the Auto and Metals Recycling division. In fiscal 2016, the Steel Manufacturing Business sold 488,000 short tons of finished steel.
In 1906, the company was founded by Russian immigrant Sam Schnitzer as a one-person scrap metal recycler.
In 1946, the company incorporated.
Between 1947 and 1950, Harold Schnitzer, the son of the founder, worked at the company.
In 1993, the company became a public company via an initial public offering.
In January 2003, the company acquired Pick-n-Pull.
In October 2005, the company acquired GreenLeaf Auto Recyclers. It was sold in 2009.
In October 2005, the company acquired Regional Recycling, a metals recycling business with 10 locations in the Southeastern United States.
In 2006, the company acquired Advanced Recycling.
In December 2007, the U.S. Securities and Exchange Commission charged former chairman and CEO Robert Philip for violating bribery laws as part of the Foreign Corrupt Practices Act in relation to dealings with Chinese steel mills.
In November 2008, Tamara Lundgren became the chief executive officer and John Carter became chairman.
In January 2010, the Schnitzer family sold shares such that their ownership in the company fell below 20%.
In April 2010, the company acquired Golden Recycling & Salvage, a recycling company in Billings, Montana.
In 2011, the company acquired State Line Scrap Co., a recycling company in Attleboro, Massachusetts.
In 2013, the company moved its headquarters to downtown Portland, Oregon.
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q4 2021 | 2022-10-19 | Future report Set alerts | |
Q3 2021 | 2022-06-29 | 2.59 | 2.59 |
Q2 2021 | 2022-04-06 | 1.38 | 1.38 |
Q1 2021 | 2022-01-06 | 1.58 | 1.58 |
Q4 2020 | 2021-10-21 | 1.81 | 1.81 |
Q3 2020 | 2021-06-30 | 2.20 | 2.20 |
Q2 2020 | 2021-04-07 | 1.51 | 1.51 |
Q1 2020 | 2020-01-08 | -0.17 | -0.26 |
Q4 2019 | 2019-10-24 | 0.42 | 0.41 |
Q3 2019 | 2019-06-26 | 0.63 | 0.56 |
2016-04-02 | Reiterated Rating | DA Davidson | Hold | |
2016-04-01 | Boost Price Target | DA Davidson | Neutral | $15.00 to $18.00 |
2015-11-24 | Upgrade | Morgan Stanley | Underweight to Equal Weight | $14.00 to $21.00 |
2015-09-16 | Lower Price Target | Jefferies Group | Hold | $18.00 to $17.00 |
2015-07-08 | Downgrade | KeyBanc | Overweight | |
2015-07-08 | Downgrade | KeyCorp | Overweight | |
2015-07-01 | Upgrade | Bank of America | Neutral to Buy | $17.00 to $21.00 |
2015-07-01 | Upgrade | Bank of America Corp. | Neutral to Buy | $17.00 to $21.00 |
2015-05-18 | Upgrade | KeyBanc | Sector Perform to Overweight | $18.55 |
2015-03-16 | Reiterated Rating | Jefferies Group | Hold | $20.00 to $17.00 |
2015-01-09 | Upgrade | Jefferies Group | Underperform to Hold | $20.00 |
2015-01-05 | Downgrade | DA Davidson | Buy to Neutral | $34.00 to $25.00 |
2014-12-17 | Lower Price Target | Jefferies Group | Underperform | $21.00 to $20.00 |
2014-06-23 | Lower Price Target | Jefferies Group | Underperform | $23.00 to $22.00 |
2014-03-21 | Initiated Coverage | Sidoti | Buy | |
2014-01-30 | Lower Price Target | Jefferies Group | $25.00 to $23.00 | |
2013-11-25 | Downgrade | Jefferies Group | Hold to Underperform | $25.00 |
2013-10-30 | Lower Price Target | Jefferies Group | Hold | $26.00 to $25.00 |
2013-10-30 | Boost Price Target | DA Davidson | Buy | $32.00 to $34.00 |
2013-10-29 | Downgrade | Bank of America | Underperform | |
2012-10-26 | Upgrade | DA Davidson | Neutral to Buy | |
2012-07-10 | Initiated | Longbow | Neutral | |
2012-05-18 | Reiterated | Auriga | Hold | $44 to $36 |
2012-05-01 | Initiated | KeyBanc Capital Mkts | Hold | |
2011-10-13 | Reiterated | Canaccord Genuity | Buy | $80 to $60 |
2010-07-20 | Upgrade | UBS | Neutral to Buy | $56 to $56 |
2010-03-08 | Downgrade | UBS | Buy to Neutral | $50 to $54 |
2010-02-02 | Upgrade | UBS | Neutral to Buy | $50 |
2010-01-08 | Upgrade | Canaccord Adams | Hold to Buy | $47 to $62 |
2009-11-20 | Upgrade | DA Davidson | Neutral to Buy | $55 to $60 |
2009-10-29 | Upgrade | Longbow | Sell to Neutral | |
2009-10-29 | Downgrade | Canaccord Adams | Buy to Hold | $75 to $47 |
2009-09-14 | Downgrade | Longbow | Neutral to Sell | $42 |
2009-08-21 | Upgrade | UBS | Sell to Neutral | |
2008-10-07 | Downgrade | Longbow | Buy to Neutral |
2016-04-02 | Reiterated Rating | DA Davidson | Hold | |
2016-04-01 | Boost Price Target | DA Davidson | Neutral | $15.00 to $18.00 |
2015-11-24 | Upgrade | Morgan Stanley | Underweight to Equal Weight | $14.00 to $21.00 |
2015-09-16 | Lower Price Target | Jefferies Group | Hold | $18.00 to $17.00 |
2015-07-08 | Downgrade | KeyBanc | Overweight |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In SCHN 138 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
Vanguard Group, Inc | 2.72M |
BlackRock Inc. | 2.69M |
DIMENSIONAL FUND ADVISORS LP | 2.13M |
FMR LLC | 1.40M |
AMERIPRISE FINANCIAL INC | 1.34M |
STATE STREET CORP | 1.25M |
BlackRock Fund Advisors | 0.87M |
BlackRock Institutional Trust Company, N.A. | 0.77M |
WASATCH ADVISORS INC | 0.75M |
TEACHERS ADVISORS INC | 0.66M |
Numeric Investors LLC | 0.59M |
GEODE CAPITAL MANAGEMENT, LLC | 0.48M |
SCHWAB CHARLES INVESTMENT MANAGEMENT INC | 0.45M |
FIL Ltd | 0.36M |
LSV ASSET MANAGEMENT | 0.35M |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
Lundgren Tamara L. President & CEO | 2.39% (631183) | R / SCHN / |
Peach Richard Senior VP & CFO | 0.52% (137328) | CLW / SCHN / |
Henderson Michael R SVP & Pres Metal Recyling Bus | 0.29% (77823) | SCHN / |
CARTER JOHN D | 0.29% (76130) | FLIR / NWN / SCHN / |
HICKS WAYLAND R | 0.26% (68964) | SCHN / |
Heiskell Steven SVP & Managing Director, APB | 0.24% (64598) | SCHN / |
LARSSON WILLIAM D | 0.21% (55306) | CLW / SCHN / |
Johansen Judi | 0.21% (55306) | CACB / IDA / PCBK / SCHN / |
Klauer Thomas D Jr President, Auto Parts Bus. | 0.19% (50368) | SCHN / |
Dyck Jeffery Pres. Steel Manufacturing Bus. | 0.19% (49987) | SCHN / |
ANDERSON DAVID J | 0.17% (43814) | MOD / MTSC / SCHN / |
Josephson Richard C SVP & General Counsel | 0.16% (42278) | SCHN / |
Christopher Patrick President-Metals Recycling Bus | 0.15% (39051) | SCHN / |
Jahnke David L | 0.14% (36167) | FIBK / SCHN / |
Hyde Belinda Sr. VP & Chief HR Officer | 0.14% (35732) | SCHN / SPW / |
FURMAN WILLIAM A | 0.13% (34047) | GBX / SCHN / |
NOVACK KENNETH M | 0.11% (28647) | SCHN / |
Saba Peter B SVP & General Counsel | 0.11% (28518) | SCHN / USU / |
SUTHERLIN MICHAEL W | 0.09% (24183) | BTU / JOY / SCHN / TESO / |
Gaggini Stefano R. Corporate Controller | 0.08% (21649) | SCHN / |
Mendez David J. VP & Corporate Controller | 0.07% (19329) | SCHN / |
LEWIS SCOTT | 0.06% (15933) | SCHN / |
Hunter Rhonda D | 0.02% (4521) | SCHN / WY / |