Key Developments: Schnitzer Steel Industries Inc (SCHN.O)
26.27USD
24 May 2013
$0.15 (+0.57%)
$26.12
$25.91
$26.49
$25.76
209,648
336,713
$33.03
$22.78
Latest Key Developments (Source: Significant Developments)
Schnitzer Steel Industries Inc Declares Quarterly Dividend
Schnitzer Steel Industries Inc announced that the Board of Directors declared a cash dividend of $0.1875 per common share, payable on May 30, 2013, to shareholders of record on May 16, 2013. Full Article
Schnitzer Steel Industries Inc Issues Q2 2013 EPS Guidance Below Analysts' Estimates
Schnitzer Steel Industries Inc announced that for second quarter of 2013, it expects fully diluted earnings per share (EPS) to be in the range of $0.20 - $0.26 before restructuring charges. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $0.27 for the second quarter of 2013. Full Article
Schnitzer Steel Industries Inc Declares Quarterly Dividend
Schnitzer Steel Industries Inc announced that it has declared a cash dividend of $0.1875 per common share, payable on March 7, 2013, to shareholders of record on February 21, 2013. Full Article
Schnitzer Steel Industries Inc Declares Quarterly Dividend
Schnitzer Steel Industries Inc announced that it has declared a cash dividend of $0.1875 per common share, payable on December 13, 2012, to shareholders of record on November 29, 2012. Schnitzer has paid a dividend every quarter since going public in November 1993. Full Article
Schnitzer Steel Industries Inc Announces Elimination Of Approximately 300 Positions; Sees Q4 2012 Charge Guidance
Schnitzer Steel Industries Inc announced that the Company has made initiatives for cost reduction. These initiatives are expected to lower annual operating costs by $25 million and be substantially complete by the end of the first quarter of fiscal 2013. Total restructuring charges are expected to be approximately $12 million, with $5 million of that amount expected to be incurred in the fourth quarter of fiscal 2012. Of the remainder, approximately half is expected to be incurred in the first quarter of fiscal 2013, with the balance by the end of the fiscal 2013. The restructuring charges primarily represent costs connected with the elimination of approximately 300 positions, or 7% of our current workforce, and contract termination costs, including from the consolidation of certain administrative offices. Full Article
Schnitzer Steel Industries, Inc. Declares Quarterly Dividend
Schnitzer Steel Industries, Inc. announced that it has declared a cash dividend of $0.1875 per common share, payable on August 30, 2012, to shareholders of record on August 16, 2012. Schnitzer has paid a dividend every quarter since going public in November 1993. Full Article
Schnitzer Steel Industries, Inc. Issues Q2 2012 EPS Guidance Below Analysts' Estimates
Schnitzer Steel Industries, Inc. announced that for the second quarter of 2012, it expects diluted earnings per share (EPS) to be approximately $0.28-$0.35. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $0.55 for the second quarter of 2012. Full Article
Schnitzer Steel Industries, Inc. Declares Quarterly Dividend
Schnitzer Steel Industries, Inc. announced that it has declared a cash dividend of $0.017 per common share, payable on March 1, 2012, to shareholders of record on February 16, 2012. Schnitzer has paid a dividend every quarter since going public in November 1993. Full Article
Schnitzer Steel Industries, Inc. Comments On Q1 2012 Outlook
Schnitzer Steel Industries, Inc. announced that for the first quarter of 2012, it expects results to be lower than the outlook provided in its fourth quarter fiscal 2011 earnings release due to weaker than anticipated global market conditions for recycled metals. Heightened global recessionary concerns, stemming primarily from the European debt crisis which escalated during the quarter, resulted in a significant slowdown in buying patterns and a sharp decline in sales prices. During the quarter, operating margins contracted more than anticipated. The most significant factor affecting operating margins was the negative impact of average inventory costs which did not keep pace with the rapid decline in average net selling prices. Schnitzer's fully diluted earnings per share are expected to be in the range of $0.18 - $0.25 for the first quarter of fiscal 2012. Full Article
Schnitzer Steel Industries, Inc. Declares Quarterly Dividend
Schnitzer Steel Industries, Inc. announced that it has declared a cash dividend of $0.017 per common share, payable on December 15, 2011, to shareholders of record on December 1, 2011. Schnitzer has paid a dividend every quarter since going public in November 1993. Full Article
Earnings vs. 
Estimates
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