Schnitzer steel industries, inc. (SCHN)
Income statement / Quarterly
Feb'20Nov'19Aug'19May'19Feb'19Nov'18Aug'18May'18Feb'18Nov'17Aug'17May'17Feb'17Nov'16Aug'16May'16Feb'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11May'11Feb'11Nov'10Aug'10May'10Feb'10Nov'09
Revenues

439,482

405,584

547,800

547,396

473,565

564,020

669,577

652,416

559,443

483,279

494,258

477,088

382,084

334,161

390,664

351,604

289,077

321,198

457,017

467,309

437,449

553,624

685,561

635,473

626,147

587,745

651,467

710,295

662,210

592,820

762,285

879,865

886,612

812,176

1,081,186

981,062

721,842

675,104

639,091

703,539

564,328

394,282

Operating expense:
Cost of goods sold

380,520

364,760

479,117

474,598

414,688

490,132

582,608

549,164

472,462

406,251

430,703

411,109

326,804

295,892

336,726

294,738

259,670

284,854

403,702

424,312

406,649

508,015

617,978

584,420

571,140

542,417

614,513

652,263

600,786

541,884

712,434

807,980

817,087

742,215

966,233

870,530

632,856

602,546

573,523

598,721

496,582

350,938

Selling, general and administrative

46,426

46,774

51,922

48,575

39,489

51,419

50,011

54,185

53,638

51,043

41,804

48,451

43,823

37,492

35,195

41,696

33,599

38,418

43,896

39,798

42,167

44,731

48,798

45,309

45,856

47,550

43,603

49,390

48,760

47,995

46,668

50,148

52,370

55,992

59,731

56,848

44,033

45,075

41,828

42,779

39,661

34,446

Environmental reserves charges (releases), net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-200

-

141

-532

150

(Income) from joint ventures

190

199

472

311

184

485

625

772

106

450

374

668

2,220

412

880

258

-290

-29

341

40

609

500

273

147

367

409

634

418

266

-135

462

341

832

1,001

1,233

1,648

984

757

804

1,877

-80

534

Goodwill impairment charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

8,845

-

-

0

141,021

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset impairment charges (recoveries), net

402

1,692

0

0

0

63

532

-1,465

0

-88

-74

-1,044

0

401

2,224

0

18,458

0

-

1,281

43,838

-

-

532

928

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring charges and other exit-related activities

5,000

467

-1,178

75

536

202

400

70

91

100

309

93

-494

201

-977

542

5,291

1,925

1,043

5,978

5,394

593

250

2,762

2,006

1,812

2,900

1,873

1,540

1,593

5,012

0

0

0

-

-

-

-

-

-

-

-

Operating income (loss)

7,691

-7,910

17,681

24,459

19,036

22,689

37,973

51,234

33,358

26,423

22,108

19,147

14,171

587

18,376

14,886

-37,076

-4,028

8,717

-4,020

-201,011

785

18,808

2,597

6,584

-3,625

-342,968

7,187

11,390

1,213

-1,367

22,078

17,987

14,970

56,255

55,332

45,937

28,440

24,303

63,775

28,537

9,282

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

234

55

-

86

186

118

Interest expense

1,320

1,423

1,999

2,294

2,067

1,906

2,160

2,483

2,281

2,059

2,112

2,131

2,097

1,741

2,110

2,905

2,015

1,859

2,147

2,375

2,295

2,374

2,550

2,529

2,816

2,702

2,464

2,788

2,354

2,017

2,408

2,729

3,472

3,271

3,554

3,127

1,157

598

527

503

695

618

Other (expense) income, net

-98

206

268

29

321

23

495

403

101

849

-560

524

357

437

462

-81

438

407

1,247

84

1,993

932

689

492

-142

176

-336

141

-49

321

1,098

-154

617

-393

293

-31

2,854

161

1,078

115

285

301

Total other income (expense)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,931

-382

-

-302

-224

-199

Income (loss) from continuing operations before income taxes

6,273

-9,127

15,950

22,194

17,290

20,806

36,308

49,154

31,178

25,213

19,436

17,540

12,431

-717

16,728

11,900

-38,653

-5,480

7,817

-6,311

-201,313

-657

16,947

560

3,626

-6,151

-345,768

4,540

8,987

-483

-2,677

19,195

15,132

11,306

52,705

52,174

47,868

28,058

24,464

63,473

28,313

9,083

Income tax (expense) benefit

1,770

-2,534

3,937

5,762

3,855

4,116

-23,620

10,650

-10,577

5,957

586

161

637

-62

-75

95

1,293

-578

-4,444

1,396

-9,673

106

6,274

-3,894

986

-784

-61,133

2,986

244

960

-1,830

7,541

4,767

3,561

14,203

18,056

15,745

9,164

7,510

21,715

9,736

1,864

Income (loss) from continuing operations

4,503

-6,593

12,013

16,432

13,435

16,690

59,928

38,504

41,755

19,256

18,850

17,379

11,794

-655

16,803

11,805

-39,946

-4,902

12,261

-7,707

-191,640

-763

-

4,454

-

-

-

-

-

-

-

-

-

-

38,502

34,118

32,123

18,894

16,954

41,758

18,577

7,219

Income (loss) from discontinued operations, net of tax

1

28

-46

8

-138

-72

273

-56

164

-35

-115

-127

-95

-53

-143

-116

-1,024

-65

-913

-1,234

-4,242

-838

-

-330

-

-

-

-

-

-

-

-

-

-

-417

282

11

23

1,191

23

-72

-14,974

Net income (loss)

4,504

-6,565

11,967

16,440

13,297

16,618

60,201

38,448

41,919

19,221

18,735

17,252

11,699

-708

16,660

11,689

-40,970

-4,967

11,348

-8,941

-195,882

-1,601

8,194

4,124

2,640

-5,367

-288,877

1,554

8,743

-1,443

-847

11,654

10,365

7,745

38,085

34,400

32,134

18,917

18,145

41,781

18,505

-7,755

Net income attributable to noncontrolling interests

621

430

392

750

405

430

532

1,046

903

857

500

687

662

618

528

689

275

329

615

687

-240

871

941

1,014

851

861

357

734

100

228

-362

413

735

727

1,377

1,372

1,309

1,123

738

1,328

1,046

814

Net income (loss) attributable to SSI shareholders

3,883

-6,995

11,575

15,690

12,892

16,188

59,669

37,402

41,016

18,364

18,235

16,565

11,037

-1,326

16,132

11,000

-41,245

-5,296

10,733

-9,628

-195,642

-2,472

7,253

3,110

1,789

-6,228

-289,234

820

8,643

-1,671

-485

11,241

9,630

7,018

36,708

33,028

30,825

17,794

17,407

40,453

17,459

-8,569

Net income per share attributable to SSI shareholders Basic:
Income (loss) per share from continuing operations

0.14

-0.26

0.43

0.57

0.47

0.59

2.17

1.35

1.47

0.66

0.68

0.60

0.40

-0.05

0.60

0.41

-1.48

-0.19

0.42

-0.31

-7.08

-0.06

-

0.13

-

-

-

-

-

-

-

-

-

-

1.33

1.18

1.12

0.65

0.59

1.45

0.63

0.23

Income (loss) per share from discontinued operations

-

-

-

0.00

-

-

0.00

0.00

0.01

0.00

-0.01

0.00

0.00

0.00

-0.01

0.00

-0.04

0.00

-0.03

-0.05

-0.16

-0.03

-

-0.01

-

-

-

-

-

-

-

-

-

-

-0.01

0.01

0.00

0.00

0.04

0.00

0.00

-0.54

Net income (loss) per share

0.14

-0.25

0.42

0.57

0.47

0.59

2.17

1.35

1.48

0.66

0.67

0.60

0.40

-0.05

0.61

0.40

-1.52

-0.20

0.40

-0.36

-7.24

-0.09

0.26

0.12

0.07

-0.23

-10.85

0.03

0.32

-0.06

-0.02

0.41

0.35

0.26

1.32

1.19

1.12

0.65

0.63

1.45

0.63

-0.31

Net income per share attributable to SSI shareholders Diluted:
Income (loss) per share from continuing operations

0.14

-0.26

0.42

0.56

0.46

0.57

2.09

1.31

1.42

0.64

0.65

0.60

0.40

-0.05

0.60

0.41

-1.48

-0.19

0.42

-0.31

-7.08

-0.06

-

0.13

-

-

-

-

-

-

-

-

-

-

1.33

1.17

1.10

0.64

0.58

1.43

0.62

0.23

Income (loss) per share from discontinued operations

-

-

-

0.00

-

-

0.00

0.00

0.01

0.00

-0.01

0.00

0.00

0.00

-0.01

0.00

-0.04

0.00

-0.03

-0.05

-0.16

-0.03

-

-0.01

-

-

-

-

-

-

-

-

-

-

-0.02

0.01

0.00

0.00

0.04

0.00

0.00

-0.53

Net income (loss) per share

0.14

-0.25

0.41

0.56

0.46

0.57

2.10

1.31

1.42

0.64

0.63

0.60

0.40

-0.05

0.61

0.40

-1.52

-0.20

0.40

-0.36

-7.24

-0.09

0.26

0.12

0.07

-0.23

-10.85

0.03

0.32

-0.06

-0.01

0.40

0.35

0.25

1.31

1.18

1.10

0.64

0.62

1.43

0.62

-0.30

Weighted average number of common shares:
Basic

27,721

27,515

27,463

27,510

27,630

27,505

27,412

27,676

27,797

27,695

27,651

27,601

27,524

27,372

27,333

27,261

27,201

27,121

27,033

27,043

27,020

26,944

26,903

26,853

26,825

26,755

26,746

26,671

26,640

26,567

26,777

27,531

27,509

27,451

27,729

27,677

27,627

27,563

27,754

27,898

27,873

27,803

Diluted

28,139

27,515

28,336

28,074

28,114

28,364

28,253

28,636

28,805

28,662

29,625

27,703

27,864

27,372

27,267

27,327

27,201

27,121

27,033

27,043

27,020

26,944

27,281

27,017

26,947

26,755

26,463

26,813

26,781

26,567

26,921

27,795

27,781

27,715

28,023

27,998

27,944

27,871

28,130

28,211

28,117

28,130

Dividends declared per common share (in dollars per share)

-

-

-

0.18

-

-

-

0.18

0.18

0.18

-

0.18

0.18

0.18

0.18

0.18

0.18

0.18

0.18

0.18

0.18

0.18

0.18

0.18

0.18

0.18

0.18

0.18

0.18

0.18

0.18

0.18

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.01