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Metal Management

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  1. Sims Metal Management Delivers Middling Second-Half 2014 Results

    Commentary

    Fri, 22 Aug 2014

    To close out its 2014 fiscal year, Sims Metal Management issued results that revealed a stark contrast between its operations in North America and the rest of its global operations. Operating

  2. Sims Metal Management Will Benefit From Increased Scrap Availability; FVE Decreased to AUD 11

    Commentary

    Thu, 15 May 2014

    In transferring coverage of Sims Metal Management and reassessing our assumptions, we have lowered ..... Guinea. Because of its $1.6 billion acquisition of Metal Management , the company derives the largest share of its revenue

  3. Sims' First-Half Earnings Reveal Progress, but Operating Headwinds Remain; Decreasing FVE to AUD 13

    Commentary

    Mon, 17 Feb 2014

    After Sims Metal Management was unprofitable in both 2012 and 2013, the company’s 2014 first-half earnings result seems to indicate that the worst is

  4. Sims Metal Management Welcomes New CEO Claro in Hopes of Restoring Profitability

    Commentary

    Tue, 26 Nov 2013

    After two disappointing fiscal years during which Sims Metal Management lost more than AUD 1 billion in net income, the board recently announced the hiring of Galdino Claro as CEO. He replaces Daniel

  5. Despite Operational Cost Savings, Material Earnings Growth Still Unlikely in Near Term for Sims

    Commentary

    Mon, 26 Aug 2013

    In closing out the fourth quarter of its 2013 fiscal year, Sims Metal Management offered mixed results. Although Sims missed relative to our expectations on both the top and bottom line, investors were encouraged

  6. Sims Metal is Turning More Optimistic but We Maintain a Cautious Outlook

    Commentary

    Fri, 22 Feb 2013

    Constrained scrap flows, tight metal margins, and periods of illiquid trading conditions continued to plague Sims Metal Management SGM in fiscal first half 2013. This is particularly true in its primary North American market where we have seen

  7. Sims Metal Management Sees No Improvement in Market Conditions Yet for Fiscal 2013

    Commentary

    Thu, 15 Nov 2012

    Sims Metal Management SGM provided an outlook for the first half of fiscal 2013 during its annual meeting today. Previously announced restructuring

  8. Sims Lowers Guidance for Fiscal 2012 Following Weak Scrap Pricing in North America

    Commentary

    Wed, 15 Aug 2012

    Sims Metal Management SMS announced ahead of next week's earnings release that its full-year EBITDA for fiscal 2012 will be approximately AUD 253

  9. Sims Reports Dismal 1H, but Conditions Have Stabilized, Seasonal Improvement Ahead

    Commentary

    Thu, 16 Feb 2012

    Sims Metal Management SMS reported revenue growth of 16% but a 25% decline in EBIT (1.3% margin declined from 2.1%) for the first half of fiscal

  10. Sims Guides to Weak 1H 2012 Earnings and Announces Goodwill Impairment Charge

    Commentary

    Thu, 9 Feb 2012

    Sims Metal Management SMS provided an earnings guidance update ahead of its Feb. 17 release for the first half of fiscal 2012 (ended Dec. 31) stating

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