Steel Dynamics guides Q3 earnings below Wall Street consensus [Seeking Alpha]
Steel Dynamics, Inc. (STLD)
Last steel dynamics, inc. earnings: 4/20 06:00 pm
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Source: Seeking Alpha
of $2.09 and well short of EPS of $2.72 in Q2 and $3.47 in the previous year's Q3. Steel Dynamics ( STLD ) said Q3 profitability from its steel operations will be meaningfully lower than Q2 results, based on lower average realized pricing within the flat rolled operations, noting 80% of the business generally is contractually based and tied to lagging pricing indices; flat rolled steel prices stabilized in Q3 and have improved, while underlying steel demand remains steady, the company said. Q3 earnings from the company's metals recycling operations are expected to be comparable to Q2 results, as steady volume offsets slightly lower realized prices, and earnings from steel fabrication operations should come in moderately lower than Q2 results, based on an anticipated slight decline in average realized pricing. Steel Dynamics ( STLD ) plans to release its Q3 financial results after the market closes on October 16. Recommended For You More Trending News Recommended For You
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News
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- Steel Dynamics (STLD) Stock Drops Despite Market Gains: Important Facts to Note [Yahoo! Finance]Yahoo! Finance
STLD
Earnings
- 7/17/24 - Beat
STLD
Sec Filings
- 9/20/24 - Form 4
- 9/19/24 - Form 144
- 9/17/24 - Form 8-K
- STLD's page on the SEC website