Find companies:

Pick-n-Pull

Job Work/Life Balance
Compensation/Benefits
Job Security/Advancement
Management
Job Culture
17 reviews

About Pick-n-Pull

Your old car could end up as part of a Malaysian office building if Schnitzer Steel Industries gets its steel jaws on it. The company processes scrap steel and iron, which it obtains from sources such as auto salvage yards, industrial manufacturers, and metals brokers. The company sells more of that scrap to steelmakers in Asia than anywhere else; much – more... of the rest goes to Schnitzer's own steelmaking business, including  Cascade Steel Rolling Mills, which produces merchant bar, steel reinforcing bar, and other products at its mini-mill in Oregon. Schnitzer's Pick-N-Pull Auto Dismantlers unit operates auto salvage yards.

Geographic Reach

Schnitzer has 58 operating facilities in 14 US states, Puerto Rico, and Western Canada. It has seven deep water export facilities located on both the East and West Coasts of the US and in Hawaii and Puerto Rico. The company's auto parts business sells used auto parts through its 51 self-service facilities located in North America. In FY 2012, customers in China accounted for 22% of total sales; Turkey, 13%; and South Korea, 12%. 

Operations

Schnitzer operates in three business segments: Metals Recycling, Auto Parts, and  Steel Manufacturing. With an annual production capacity of 800,000 tons, the company's steel manufacturing business produces finished steel products, including rebar, wire rod and other specialty products.

Financial Analysis

In FY 2012 the company saw its revenues decrease by 3% due to lower sales volumes of ferrous scrap metal as a result of soft global demand and a tight raw material supply. The Metals Recycling Business slumped by 5% as ferrous sales volumes decreased 214,000 long tons, or 4%, compared to the prior year. The decrease in nonferrous revenues was driven by a drop in prices as a result of weak market conditions. The Auto Parts Business revenues decreased by 1% due to lower prices and lower car volumes. The one bright spot in FY 2012 was the Steel Manufacturing Business which saw its revenues increase by 5% due to higher prices for and high volumes of finished steel products.

Schnitzer's net income decreased by 77% in FY 2012 due to lower revenues and restructuring charges of $5 million (consisting of severance, contract termination and other costs relating from major acquisitions and technology investments made in recent years). Interest expense  increased because of higher borrowings and higher average interest rates. Other income decreased in FY 2012 due to $3 million of transaction gains recognized in the prior year relating to foreign currency forward contracts in connection with the acquisition of a business in Canada.

Strategy

Considering itself primarily a ferrous metals recycling business, Schnitzer aims to expand that segment through acquisitions in North America, focusing on small, regional operations. In addition to acquisitions, Schnitzer seeks to organically grow its recycling operations by investing in new processing technology.

In 2011 Schnitzer continued to expand its Pick-N-Pull brand, acquiring both State Line Scrap Co. in Attleboro, Massachusetts, and Ferill's Auto Parts of Seattle, Washington. The deals enhance the company's supply and production capabilities in both the northeast and northwest US.

The company expanded its metals recycling business in 2011 by acquiring American Metal Group of San Jose, California. The acquisition expands Schnitzer's operations in Northern California, adding a strong nonferrous franchise to its business group.

Schnitzer also made enhancements to its recycling operations in 2010, acquiring Golden Recycling & Salvage of Billings, Montana, which operates as Schnitzer Steel Billings, and SOS Metals Island Recycling in Maui, Hawaii, which is a Schnitzer subsidiary.

Ownership

The family of founder Sam Schnitzer controls the company through a voting trust. – less

Pick-n-Pull Employer Reviews

Automotive Dismantler and Forklift Operator (Current Employee), kansas city KsFebruary 20, 2015
De corer (Former Employee), Kansas City, MONovember 9, 2014
DMV Processor/Auto & Dismantler (Former Employee), Redding, CAOctober 14, 2014
Vehicle Purchasing Agent (Former Employee), Hammond, INJuly 10, 2014
Loader Operator (Former Employee), Tallahassee, FLJune 15, 2014