Schnitzer Steel Industries, Inc. is one of the largest manufacturers and exporters of recycled metal products in North America with operating facilities located in 23 states, Puerto Rico and Western Canada. Schnitzer has seven deep water export facilities located on both the East and West Coasts and in Hawaii and Puerto Rico. The Company's integrated operating platform also includes 50 stores which sell serviceable used auto parts from salvaged vehicles and receive approximately 5 million annual retail visits. The Company's steel manufacturing operations produce finished steel products, including rebar, wire rod and other specialty products. The Company began operations in 1906 in Portland, Oregon.
Company profile
Ticker
SCHN
Exchange
Website
CEO
Tamara Lundgren
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
SCHNITZER STEEL INDUSTRIES INC
SEC CIK
Corporate docs
Subsidiaries
Auto Parts Group • Cascade Steel Rolling Mills, Inc. • Crawford Street Corporation • Edman Corp. • FerMar, LLC • Ferrum Bridge, LLC • Freetown Self Serve Used Auto Parts, LLC • Freetown Transfer Facility LLC • General Metals of Tacoma, Inc. • Joint Venture Operations, Inc. ...
IRS number
930341923
SCHN stock data
Latest filings (excl ownership)
8-K
Regulation FD Disclosure
8 Feb 23
8-K
Submission of Matters to a Vote of Security Holders
27 Jan 23
DEFA14A
Additional proxy soliciting materials
12 Jan 23
DEFA14A
Additional proxy soliciting materials
12 Jan 23
10-Q
2022 Q1
Quarterly report
5 Jan 23
8-K
Increased Productivity Improvement Benefits Target from $40 million to $60 million
5 Jan 23
8-K
First Quarter Fiscal 2023 Expected Performance
19 Dec 22
DEFA14A
Additional proxy soliciting materials
14 Dec 22
DEF 14A
Definitive proxy
14 Dec 22
8-K
Departure of Directors or Certain Officers
15 Nov 22
Transcripts
SCHN
Earnings call transcript
2023 Q1
5 Jan 23
SCHN
Earnings call transcript
2022 Q4
24 Oct 22
SCHN
Earnings call transcript
2022 Q3
29 Jun 22
SCHN
Earnings call transcript
2022 Q2
6 Apr 22
SCHN
Earnings call transcript
2022 Q1
6 Jan 22
SCHN
Earnings call transcript
2021 Q4
21 Oct 21
SCHN
Earnings call transcript
2021 Q3
30 Jun 21
SCHN
Earnings call transcript
2021 Q2
7 Apr 21
SCHN
Earnings call transcript
2021 Q1
7 Jan 21
SCHN
Earnings call transcript
2020 Q4
22 Oct 20
Latest ownership filings
SC 13G
BlackRock Inc.
8 Mar 23
4
MICHAEL W SUTHERLIN
16 Feb 23
4
LESLIE L SHOEMAKER
16 Feb 23
4
GLENDA J MINOR
16 Feb 23
4
David L Jahnke
16 Feb 23
4
Rhonda D Hunter
16 Feb 23
4
GREGORY R FRIEDMAN
16 Feb 23
SC 13G/A
DIMENSIONAL FUND ADVISORS LP
10 Feb 23
SC 13G/A
VANGUARD GROUP INC
9 Feb 23
4
MICHAEL W SUTHERLIN
27 Jan 23
Financial summary
| Quarter (USD) | Nov 22 | Aug 22 | May 22 | Feb 22 | |
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| Revenue | |||||
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Aug 22 | Aug 21 | Aug 20 | Aug 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 3.54 mm | 3.54 mm | 3.54 mm | 3.54 mm | 3.54 mm | 3.54 mm |
| Cash burn (monthly) | 13.42 mm | 1.30 mm | 7.84 mm | (no burn) | 20.72 mm | (no burn) |
| Cash used (since last report) | 51.66 mm | 4.99 mm | 30.17 mm | n/a | 79.74 mm | n/a |
| Cash remaining | -48.12 mm | -1.45 mm | -26.64 mm | n/a | -76.20 mm | n/a |
| Runway (months of cash) | -3.6 | -1.1 | -3.4 | n/a | -3.7 | n/a |
Institutional ownership, Q4 2022
| 13F holders | Current |
|---|---|
| Total holders | 163 |
| Opened positions | 24 |
| Closed positions | 21 |
| Increased positions | 62 |
| Reduced positions | 58 |
| 13F shares | Current |
|---|---|
| Total value | 589.82 bn |
| Total shares | 22.60 mm |
| Total puts | 86.80 k |
| Total calls | 113.70 k |
| Total put/call ratio | 0.8 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 2.69 mm | $82.52 bn |
| Vanguard | 2.59 mm | $79.30 bn |
| Dimensional Fund Advisors | 2.20 mm | $67.47 mm |
| FMR | 1.33 mm | $40.86 bn |
| AMP Ameriprise Financial | 1.31 mm | $40.13 bn |
| STT State Street | 927.43 k | $28.43 bn |
| Wasatch Advisors | 860.21 k | $26.37 bn |
| BK Bank Of New York Mellon | 615.68 k | $18.87 bn |
| Geode Capital Management | 490.32 k | $15.10 bn |
| Systematic Financial Management | 469.52 k | $14.39 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 14 Feb 23 | Friedman Gregory R | Class A Common Stock | Grant | Acquire A | Yes | No | 32.9 | 4.44 | 146.08 | 4,356.44 |
| 14 Feb 23 | Hunter Rhonda D | Class A Common Stock | Grant | Acquire A | Yes | No | 32.9 | 143.201 | 4.71 k | 28,843.222 |
| 14 Feb 23 | Jahnke David L | Class A Common Stock | Grant | Acquire A | Yes | No | 32.9 | 348.826 | 11.48 k | 65,129.133 |
| 14 Feb 23 | Minor Glenda J | Class A Common Stock | Grant | Acquire A | Yes | No | 32.9 | 48.111 | 1.58 k | 12,062.987 |
| 14 Feb 23 | Sutherlin Michael W | Class A Common Stock | Grant | Acquire A | Yes | No | 32.9 | 270.959 | 8.91 k | 51,388.306 |
Press releases
Schnitzer Announces Second Quarter Fiscal 2023 Earnings Date
20 Mar 23
Schnitzer Named One of the 2023 World's Most Ethical Companies
13 Mar 23
Schnitzer Steel Named Most Sustainable Company in the World by Corporate Knights
18 Jan 23
Schnitzer Reports First Quarter Fiscal 2023 Financial Results
5 Jan 23