|
Latest News:
|
|
|
|
|
|
|
Schnitzer Acquires American Metal Group of San Jose
Apr. 25, 2011 - Schnitzer Steel Industries has acquired substantially all of the assets of American Metal Group, Inc. and certain of its affiliates which operate from facilities in San Jose and Santa Clara, Calif.
|
|
|
|
|
|
Schnitzer Acquires State Line Scrap
Jan. 5, 2011 - Schnitzer Steel Industries, Inc. has entered into a definitive agreement to acquire the assets of Attleboro, Mass.-based State Line Scrap Co., Inc. and certain of its affiliates.
|
|
Schnitzer Steel to Acquire Steel Pacific Recycling
Dec. 16, 2010 - Schnitzer Steel Industries, Inc. has entered into a definitive agreement to acquire substantially all of the assets of Selkirk Recovery, Inc., doing business as Steel Pacific Recycling, of Duncan, British Columbia.
|
|
|
|
Schnitzer Steel Reports Strong Fiscal 2010 Performance
Oct. 21, 2010 - Schnitzer Steel Industries, Inc. reported net income of $18.15 million on revenues of $639.1 million for the fourth quarter, and net income of $70.7 million on revenues of $2.3 billion for the full fiscal year 2010, which ended August 21, 2010.
|
|
|
|
Schnitzer Steel Reports Highest Earnings since Q4 FY08
Jul. 1, 2010 - Schnitzer Steel Industries, Inc. reported diluted earnings per share from continuing operations of $1.43 for its fiscal 2010 third quarter ended May 31, 2010. This compares with a loss per share from continuing operations of ($0.01) for the same quarter of fiscal 2009.
|
|
Schnitzer Steel Reports Q1 Results
Jan. 8, 2010 - Schnitzer Steel Industries reports diluted earnings per share from continuing operations of $0.23 for its fiscal 2010 first quarter ended November 30, 2009. This compares with diluted loss per share from continuing operations of $1.16 during the first quarter of fiscal 2009.
|
|
Schnitzer Steel Reports 4th Quarter Net Income
Oct. 29, 2009 - Schnitzer Steel reports net income of $10 million on revenues of $556 million for the fiscal fourth quarter, and a net loss of $32 million on revenues of $1.9 billion for the fiscal year ended August 31, 2009.
|
|
Schnitzer Steel Gains Momentum in Clunkers Recycling Program
Aug. 5, 2009 - Schnitzer Steel Industries reports that its Clunkers Recycling Dealer Program has gained positive response from new car dealerships receiving trade-ins through the federal government’s recently implemented Car Allowance Rebate System.
|
|
Schnitzer Steel Reports Third Quarter Results
Jul. 1, 2009 - Schnitzer Steel reports a net loss of $1.5 million on revenues of $412 million for the fiscal third quarter, and a net loss of $42 million on revenues of $1.344 billion for the nine months ended May 31, 2009.
|
|
Schnitzer Steel Adds Two New Independent Directors
Apr. 14, 2009 - Schnitzer Steel Industries announces the election of David J. Anderson and Wayland R. Hicks to the company’s Board of Directors, resulting in a majority of independent directors for the Schnitzer Board.
|
|
Schnitzer Steel Reports 2nd Quarter Results
Apr. 3, 2009 - Schnitzer Steel Industries reports a net loss of $7 million on revenues of $434 million for the fiscal 2008 second quarter, and a net loss of $41 million on revenues of $932 million for the six months ended February 28, 2009.
|
|
|
|
|
|
Schnitzer Steel Updates 1st Quarter Expectations
Dec. 18, 2008 - ABSTRACT: Schnitzer Steel updates its expectations for fiscal first quarter financial and operating results based on market weakening across all of its product lines, lower sales volumes, and reduced sales prices.
|
|
Schnitzer Steel Announces New CEO
Nov. 5, 2008 - Schnitzer Steel Industries announces the election of its new President and CEO, replacing John D. Carter, who has been elected Chairman of the Board, effective December 1, 2008.
|
|
|
|
Schnitzer Steel Reports Record 4th Quarter, Annual Results
Oct. 29, 2008 - Schnitzer Steel Industries reported record net income of $126 million on record revenues of $1.3 billion for the fiscal fourth quarter and record net income of $249 million on revenues of $3.6 billion for the year ended August 31, 2008.
|
|
|
|
Schnitzer Steel Reports Record Third Quarter
Jul. 2, 2008 - Schnitzer Steel Industries reports record quarterly net income of $62 million on record quarterly revenues of $972 million for the third quarter, and net income of $122 million on revenues of $2328 million for the nine months ended May 31, 2008.
|
|
|
|
|
|
Schnitzer Steel Makes Changes to Financial Executive Group
Dec. 10, 2007 - Schnitzer Steel announces reassignment of responsibilities for several members of its financial executive team, including former CFO Greg Witherspoon, who has been reassigned to a new position as Vice President, Special Projects.
|
|
Schnitzer Steel Reports 4th Quarter, Year-End Results
Oct. 30, 2007 - Schnitzer Steel Industries reports net income of $38 million on consolidated revenues of $749 million for the fiscal fourth quarter, and net income of $131 million on consolidated revenues of $2.6 billion for the year ended August 31, 2007.
|
|
Schnitzer Steel Reports Record 3rd Quarter Earnings
Jul. 10, 2007 - Schnitzer Steel Industries reports net income of $44 million for the fiscal 2007 third quarter, a third-quarter record, and net income of $93 million for the first nine months ended May 31, 2007.
|
|
Schnitzer Steel Reports Strong Third Quarter
Jul. 7, 2006 - Schnitzer Steel Industries, Inc. reported net income of $33.5 million on revenues of $226.8 million for the third quarter and net income of $112.4 million on revenues of $641.5 million for the nine months ended May 31, 2005.
|
|
Morgan to Upgrade Cascade Steel Rod Outlet
Feb. 23, 2006 - Feb. 23, 2006 — Morgan Construction Co. has received a contract from Cascade Steel Rolling Mills, McMinnville, Ore., to upgrade the company’s single-strand rod outlet.
|
|
|
|
|
|
Schnitzer Steel Plans to Attain a Majority of Independent Directors
Jul. 20, 2005 - Schnitzer Steel Industries, Inc.’s Board has elected Jill Schnitzer Edelson to fill a vacant seat on the Board. The company’s Board has also taken steps to have a majority of its Board be independent directors as defined by NASDAQ rules. As part of its planned transition, the Board accepted the resignations from the Board of three Schnitzer family members.
|
|
|
|
Cascade Steel Names Director of Operations
Sep. 8, 2004 - Robert W. Philip, President and CEO of Schnitzer Steel Industries, Inc., announced that Jeff Dyck has been promoted to Director of Operations for Cascade Steel Rolling Mills, Inc., a wholly owned subsidiary of Schnitzer.
|
|
Schnitzer Steel Third Quarter Segment Analysis
Sep. 1, 2004 - Metals Recycling Business—The Metals Recycling Business's third quarter 2004 operating income amounted to $32.5 million, representing an improvement of 221% over the third quarter of last year. The increase was primarily driven by higher selling prices and sales volumes. Ferrous metal sales prices averaged a record $237 per ton during the recent quarter, which compares to $133 per ton reported in last year's third quarter and $158 per ton recognized in the second quarter of fiscal 2004. Many of the sales reported in the third quarter of fiscal 2004 were the result of orders taken late in the second quarter when market selling prices for ferrous metals rose to record levels. Third quarter 2004 sales volumes amounted to 445,000 tons, which were 3% higher than the volume shipped in the third quarter of fiscal 2003.
|
|
Schnitzer Sales and Marketing VP Announces Retirement
Aug. 30, 2004 - Robert W. Philip announced that Terry Glucoft, Vice President of Domestic Sales and Marketing for Metals Recycling for Schnitzer Steel Industries, Inc., would be retiring from the company at the end of August.
|
|
Cascade Steel President to Retire
Aug. 24, 2004 - Robert W. Philip, Chairman and CEO of Schnitzer Steel Industries, Inc. announced the intention of Kurt Zetzsche, President of Cascade Steel Rolling Mills, Inc. to retire Nov. 5, 2004, shortly after his 65th birthday.
|
|
Schnitzer Steel Reports Record Quarterly Revenue and Net Income
Jul. 8, 2004 - Schnitzer Steel Industries, Inc. reported net income of $42.5 million on revenues of $193.8 million for the third quarter ended May 31, 2004. For the first nine months of fiscal 2004, Schnitzer Steel reported net earnings of $73.2 million on revenues of $483.7 million.
|
|
|
|
Schnitzer Steel Second Quarter Segment Details
Apr. 2, 2004 - Metals Recycling Business—Schnitzer Steel’s wholly owned Metals Recycling Business reported operating income of $13.2 million in the second quarter of fiscal 2004, an improvement of $4.7 million (55%) over the same quarter last year. Operating income divided by ferrous tons sold averaged $26 per ton in the second quarter of fiscal 2004, which compares to $15 per ton and $24 per ton in the second quarter of fiscal 2003 and the first quarter of fiscal 2004, respectively. The improved operating margins were primarily driven by higher average selling prices, which rose by 42% and 13%, over the second quarter of fiscal 2003 and the first quarter of 2004, respectively. Overall, market selling prices rose rapidly in the second fiscal quarter due primarily to the strength in demand from domestic steel manufacturers who saw their finished product order backlog and prices grow. Fiscal 2004 second quarter average domestic selling prices actually increased at a greater rate than our average export selling prices, which was primarily caused by the timing of when orders are received and shipped. Export orders are typically received 60-90 days ahead of shipment, whereas domestic sales are typically shipped within 30 days of order.
|
|
|
|
|
View Current Articles
|