Schnitzer Steel (SCHN) reported earnings on Wed 9 Jan 2019 (b/o)

** charts before earnings **

 

** charts after earnings **

Schnitzer Steel beats by $0.02, reports revs in-line

• Reports Q1 (Nov) earnings of $0.58 per share, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of $0.56; revenues rose 16.8% year/year to $564 mln vs the $561.48 mln S&P Capital IQ Consensus.
• Ferrous sales volumes in the first quarter increased 15% compared to the prior year first quarter, primarily due to stronger domestic demand and commercial initiatives to increase our supply flows. Ferrous sales volumes decreased 11% sequentially primarily due to seasonality.

Earnings this week : Jan 7 - 11, 19 (wk 2)

Note we will probably see a large number of companies preannouncing fourth quarter results next week.

Monday (Jan 7) 
Today is the start of the 4th quarter "guidance season" and we've had 39 companies provide guidance this morning.  22 of them were positive while 11 were negative.  Only January 2010, 2016, and 2018 (the 4th quarters of 2009, 2015, and 2017) had stronger starts.

• Morning: CMC
• Afternoon: None

Tuesday (Jan 8)

• Morning: AZZ HELE LNN
• Afternoon: KSHB SGH 

Wednesday (Jan 9)

• Morning: AYI GBX LEN MSM SCHN STZ
• Afternoon: BBBY KBH PSMT WDFC

Thursday (Jan 10)

• Morning: None
• Afternoon: SNX

Friday (Jan 11)

• APHA

Schnitzer Steel Industries (SCHN) reported earnings on Thur 5 Apr 2018 (b/o)

Schnitzer Steel Industries, Inc. is a steel manufacturing and scrap metal recycling company.

• Headquarters: Portland, Oregon
• Revenue: 1.352 billion USD (2016)
• Number of employees: 2,818 (September 30, 2016)
• schnitzersteel.com

** charts after earnings **

 

• Schnitzer Steel posts 2Q profit

PORTLAND, Ore. (AP) _ Schnitzer Steel Industries Inc. (SCHN) on Thursday reported fiscal second-quarter net income of $41 million.

On a per-share basis, the Portland, Oregon-based company said it had profit of $1.42. Earnings, adjusted for pretax gains and to account for discontinued operations, came to 90 cents per share.

The recycler of ferrous and nonferrous scrap metal posted revenue of $559.4 million in the period.

Schnitzer Steel shares have decreased slightly more than 2 percent since the beginning of the year. The stock has increased 56 percent in the last 12 months.