Schnitzer Steel Industries, Inc. (SCHN) Income Statement Analysis

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Complete financial analysis of Schnitzer Steel Industries, Inc. (SCHN) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Schnitzer Steel Industries, Inc., a leading company in the Steel industry within the Basic Materials sector.

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Schnitzer Steel Industries, Inc. (SCHN)

Industry: Steel

Sector: Basic Materials

Website: https://www.schnitzersteel.com

About Schnitzer Steel Industries, Inc.

Schnitzer Steel Industries, Inc. recycles ferrous and nonferrous metal, and manufactures finished steel products worldwide. The company acquires, processes, and recycles salvaged vehicles, rail cars, home appliances, industrial machinery, manufacturing scrap, and construction and demolition scrap. It offers recycled ferrous metal, a feedstock used in the production of finished steel products; and nonferrous products, including mixed metal joint products recovered from the shredding process, such as zorba, zurik, aluminum, copper, stainless steel, nickel, brass, titanium, lead, and high temperature alloys. The company also procures salvaged vehicles and sells serviceable used auto parts from these vehicles through its 50 self-service auto parts stores in the United States and Western Canada, as well as sells auto bodies. In addition, it produces various finished steel products using ferrous recycled metal and other raw materials, as well as semi-finished goods, which include billets; and finished goods consisting of rebar, coiled rebar, wire rods, merchant bars, and other specialty products. Further, the company sells catalytic converters to specialty processors that extract the nonferrous precious metals, including platinum, palladium, and rhodium; ferrous and nonferrous recycled metal products to steel mills, foundries, refineries, smelters, wholesalers, and recycled metal processors; and finished steel customers are primarily steel service centers, construction industry subcontractors, steel fabricators, wire drawers, and major farm and wood products suppliers. Schnitzer Steel Industries, Inc. was founded in 1906 and is headquartered in Portland, Oregon.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993
Revenue	2.88B	3.49B	2.76B	1.71B	2.13B	2.36B	1.69B	1.35B	1.92B	2.54B	2.62B	3.34B	3.46B	2.30B	1.90B	3.64B	2.57B	1.85B	853.08M	688.22M	496.87M	350.65M	291.95M	333.79M	265.00M	353.10M	361.80M	339.40M	330.70M	261.70M	204.90M
Cost of Revenue	2.57B	3.00B	2.31B	1.50B	1.86B	2.01B	1.46B	1.18B	1.74B	2.32B	2.42B	3.08B	3.07B	2.02B	1.78B	3.01B	2.18B	1.53B	622.86M	530.28M	413.04M	324.36M	260.55M	278.25M	218.60M	292.50M	296.50M	276.80M	272.90M	224.90M	178.10M
Gross Profit	307.71M	488.07M	453.19M	208.62M	274.25M	354.23M	223.08M	176.56M	172.72M	218.76M	206.52M	261.22M	387.03M	281.48M	119.11M	627.70M	392.34M	327.73M	230.22M	157.94M	83.82M	26.29M	31.40M	55.55M	46.40M	60.60M	65.30M	62.60M	57.80M	36.80M	26.80M
Gross Profit Ratio	10.68%	14.00%	16.43%	12.18%	12.86%	14.98%	13.22%	13.05%	9.02%	8.60%	7.88%	7.82%	11.19%	12.23%	6.27%	17.24%	15.25%	17.67%	26.99%	22.95%	16.87%	7.50%	10.75%	16.64%	17.51%	17.16%	18.05%	18.44%	17.48%	14.06%	13.08%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	265.50M	260.56M	240.31M	186.26M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	25.81M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	432.00K	2.69M	2.16M	1.62M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.62M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	265.93M	263.26M	242.46M	187.88M	191.41M	208.88M	171.57M	148.91M	170.59M	191.21M	193.53M	205.18M	205.03M	158.81M	184.66M	237.72M	184.22M	156.86M	67.24M	49.13M	37.36M	29.43M	27.13M	26.48M	23.80M	22.50M	21.20M	18.90M	16.20M	13.20M	13.30M
Other Expenses	-5.56M	-692.00K	-455.00K	-124.00K	641.00K	1.85M	758.00K	1.23M	4.26M	1.22M	83.00K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Expenses	265.93M	263.26M	242.46M	187.88M	191.41M	208.88M	171.57M	148.91M	170.59M	191.21M	193.53M	202.54M	201.07M	155.58M	176.72M	225.41M	178.78M	152.66M	-2.39M	-12.44M	10.43M	10.04M	17.30M	44.84M	41.50M	41.20M	39.50M	32.90M	27.80M	22.60M	23.20M
Cost & Expenses	2.84B	3.26B	2.55B	1.69B	2.05B	2.22B	1.64B	1.32B	1.91B	2.52B	2.61B	3.28B	3.27B	2.18B	1.96B	3.24B	2.36B	1.68B	620.47M	517.84M	423.47M	334.40M	277.85M	323.09M	260.10M	333.70M	336.00M	309.70M	300.70M	247.50M	201.30M
Interest Income	18.59M	8.54M	5.29M	8.67M	8.27M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	384.00K	459.00K	1.18M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	18.59M	8.54M	5.29M	8.67M	8.27M	8.98M	8.08M	8.89M	9.19M	10.80M	9.74M	11.88M	8.44M	2.34M	3.34M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	42.24M	75.05M	58.60M	58.17M	53.34M	49.67M	49.84M	54.63M	67.94M	79.21M	83.07M	82.26M	74.87M	63.42M	60.68M	51.36M	40.56M	31.41M	20.88M	20.40M	19.44M	18.63M	18.74M	18.36M	17.70M	18.70M	18.30M	14.00M	11.60M	9.40M	9.90M
EBITDA	38.31M	226.86M	214.28M	21.45M	84.93M	149.15M	55.95M	29.69M	75.81M	109.18M	97.32M	58.68M	186.35M	125.90M	4.25M	439.44M	251.62M	204.95M	254.37M	198.29M	102.61M	28.88M	20.67M	21.40M	14.70M	35.40M	32.60M	38.70M	35.20M	20.40M	11.00M
EBITDA Ratio	1.33%	6.51%	7.77%	1.25%	3.98%	6.31%	3.32%	2.20%	3.96%	4.29%	3.71%	1.76%	5.39%	5.47%	0.22%	12.07%	9.78%	11.05%	29.82%	28.81%	20.65%	8.24%	7.08%	6.41%	5.55%	10.03%	9.01%	11.40%	10.64%	7.80%	5.37%
Operating Income	-3.93M	151.81M	155.68M	-36.72M	31.60M	148.99M	56.01M	-7.84M	-195.53M	20.32M	-327.79M	53.67M	185.96M	125.90M	-57.61M	402.28M	213.56M	175.06M	232.61M	166.88M	68.79M	9.15M	14.10M	10.71M	4.90M	19.40M	25.80M	29.70M	30.00M	14.20M	3.60M
Operating Income Ratio	-0.14%	4.36%	5.64%	-2.14%	1.48%	6.30%	3.32%	-0.58%	-10.21%	0.80%	-12.50%	1.61%	5.38%	5.47%	-3.03%	11.05%	8.30%	9.44%	27.27%	24.25%	13.84%	2.61%	4.83%	3.21%	1.85%	5.49%	7.13%	8.75%	9.07%	5.43%	1.76%
Total Other Income/Expenses	-24.15M	-9.23M	-5.74M	-8.79M	-7.63M	-7.14M	-7.32M	-7.66M	-4.94M	-9.58M	-9.66M	-10.71M	-5.16M	-564.00K	4.06M	-6.01M	-4.60M	56.63M	-1.72M	-2.55M	-2.32M	-1.51M	7.06M	321.00K	1.10M	-4.20M	6.30M	1.10M	4.00M	2.30M	100.00K
Income Before Tax	-28.08M	216.68M	207.99M	-1.94M	76.24M	141.85M	48.69M	-15.51M	-200.46M	10.74M	-337.45M	42.96M	180.81M	125.33M	-53.55M	396.28M	208.97M	231.69M	230.89M	164.33M	66.47M	7.65M	11.32M	11.03M	6.00M	15.20M	32.10M	30.80M	34.00M	16.50M	3.70M
Income Before Tax Ratio	-0.97%	6.22%	7.54%	-0.11%	3.57%	6.00%	2.89%	-1.15%	-10.47%	0.42%	-12.87%	1.29%	5.23%	5.45%	-2.82%	10.88%	8.12%	12.49%	27.07%	23.88%	13.38%	2.18%	3.88%	3.30%	2.26%	4.30%	8.87%	9.07%	10.28%	6.30%	1.81%
Income Tax Expense	-2.75M	44.60M	37.94M	166.00K	17.67M	-17.59M	1.32M	735.00K	-12.62M	2.00M	-57.43M	14.04M	57.17M	40.83M	-21.82M	144.20M	75.33M	86.87M	81.52M	50.67M	17.95M	1.09M	3.40M	662.00K	2.60M	5.80M	10.90M	10.00M	11.80M	5.80M	1.60M
Net Income	-25.79M	168.80M	165.11M	-2.11M	56.35M	156.45M	44.51M	-19.41M	-197.01M	5.92M	-281.44M	27.40M	118.36M	66.75M	-32.23M	248.68M	131.33M	143.07M	146.87M	111.18M	43.20M	6.55M	7.92M	10.37M	3.40M	9.40M	21.20M	20.80M	22.20M	10.70M	2.10M
Net Income Ratio	-0.89%	4.84%	5.99%	-0.12%	2.64%	6.62%	2.64%	-1.44%	-10.29%	0.23%	-10.73%	0.82%	3.42%	2.90%	-1.70%	6.83%	5.11%	7.71%	17.22%	16.15%	8.69%	1.87%	2.71%	3.11%	1.28%	2.66%	5.86%	6.13%	6.71%	4.09%	1.02%
EPS	-0.92	6.01	5.90	-0.08	2.05	5.47	1.62	-0.71	-7.30	0.22	-10.56	1.00	4.28	2.40	-1.14	8.79	4.38	4.68	4.83	3.71	1.03	0.08	0.09	0.12	0.01	0.10	0.68	0.75	0.31	0.16	0.05
EPS Diluted	-0.92	5.72	5.66	-0.08	2.00	5.47	1.58	-0.71	-7.29	0.22	-10.56	0.99	4.23	2.37	-1.14	8.61	4.32	4.65	4.72	3.58	0.98	0.08	0.09	0.12	0.01	0.10	0.68	0.75	0.31	0.16	0.05
Weighted Avg Shares Out	27.92M	28.08M	27.98M	27.00M	27.53M	27.65M	27.54M	27.23M	27.00M	26.83M	26.65M	27.32M	27.65M	27.83M	28.16M	28.28M	29.98M	30.57M	30.41M	29.98M	16.36M	14.95M	14.72M	15.33M	89.96M	90.67M	93.67M	27.86M	23.66M	23.66M	43.61M
Weighted Avg Shares Out (Dil)	28.01M	29.53M	29.19M	27.67M	28.22M	28.59M	28.14M	27.23M	27.01M	27.00M	26.66M	27.55M	27.96M	28.15M	28.16M	28.89M	30.40M	30.77M	31.12M	31.06M	16.36M	14.95M	14.72M	15.33M	89.96M	91.41M	93.67M	27.86M	23.66M	23.66M	43.61M

Schnitzer Steel (SCHN) Q1 Earnings and Revenues Lag Estimates

January 6, 2022zacks.com

Schnitzer Steel (SCHN) delivered earnings and revenue surprises of -3.07% and 4.99%, respectively, for the quarter ended November 2021. Do the numbers hold clues to what lies ahead for the stock?

Schnitzer Steel (SCHN) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

December 30, 2021zacks.com

Schnitzer Steel (SCHN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Will Schnitzer Steel Stock Hold Strong on its Bullish Run in 2022?

December 27, 2021schaeffersresearch.com

Steel name Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) is set to announce its fiscal first-quarter earnings results before the open on Thursday, Jan. 6, 2022.

Schnitzer Steel (SCHN) Upgraded to Strong Buy: Here's What You Should Know

December 21, 2021zacks.com

Schnitzer Steel (SCHN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Schnitzer Announces First Quarter Fiscal 2022 Earnings Date and Conference Call Webcast Details

December 17, 2021businesswire.com

PORTLAND, Ore.--(BUSINESS WIRE)--Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) announced that the Company will report financial results for its first quarter fiscal 2022 ended November 30, 2021 on Thursday, January 6, 2022. The Company will host a webcast conference call to...