| Business Summary | | Schnitzer
Steel
Industries,
Inc.
operates
a
metal
processing
and
recycling
business
and,
through
its
Cascade
Steel
Rolling
Mills,
Inc.
subsidiary,
a
mini-mill
steel
manufacturing
business.
The
Company's
wholly
owned
recycling
facilities
are
located
in
Alaska,
Washington,
Oregon,
California
and
Nevada.
Additionally,
through
joint
ventures,
the
Company
participates
in
the
management
of
additional
metals
processing
and
recycling
businesses
in
Arizona,
California,
Connecticut,
Idaho,
Illinois,
Indiana,
Maine,
Massachusetts,
Nevada,
New
Hampshire,
New
Jersey,
New
York,
Rhode
Island,
Texas
and
Utah. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SCHN
collects,
processes
and
recycles
metals,
and
manufactures
finished
steel
products
through
a
metal
recycling
business
and
a
technologically
advanced
steel
mini
mill.
For
the
nine
months
ended
5/31/01,
revenues
fell
6%
to
$227.2
million.
Net
income
fell
39%
to
$4.9
million.
Revenues
reflect
decreased
steel
shipments
due
to
increased
market
supply
of
lower
cost
steel
imports
and
other
factors.
Net
income
also
reflects
lower
margins
and
a
higher
income
tax
rate. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Leonard Schnitzer, 76 Chairman
and CEO | $458K | Robert Philip, 53 Pres,
Director | 750K | Kenneth Novack, 54 Exec.
VP, Director | -- | Gary Schnitzer, 58 Exec.
VP of California Scrap Operations | 411K | Barry Rosen, 55 VP-Fin.,
Treasurer | 331K | Dollar amounts are as of 31-Aug-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|