Steel Dynamics (STLD) Sees Q2 Earnings to Fall on Lower Pricing [Yahoo! Finance]
Steel Dynamics, Inc. (STLD)
Last steel dynamics, inc. earnings: 4/20 06:00 pm
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US:NASDAQ Investor Relations:
ir.steeldynamics.com/presentations
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Source: Yahoo! Finance
The figure suggests a decline from first-quarter 2024 levels. In the last reported quarter, earnings came in at $3.67. The projected figure also calls for a plunge from $4.81 reported in the second quarter of the previous year. The company anticipates a notable decline in profitability from its steel operations in second-quarter 2024 compared with the first quarter's tally, primarily due to lower realized pricing despite steady shipment levels. Domestic steel demand remains stable, but buying hesitancy persists due to a weakening scrap price environment. Demand continues to be driven by the automotive, non-residential construction, energy and industrial sectors. Earnings from the company's metals recycling operations are expected to surpass first-quarter results, driven by stronger volumes in ferrous and non-ferrous materials. Steel fabrication operations' earnings are likely to be in line with first-quarter numbers, with increased shipments balancing lower realized pricing. The
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STLD
News
- Steel Dynamics (STLD) Outperforms Broader Market: What You Need to Know [Yahoo! Finance]Yahoo! Finance
- Steel Dynamics, Inc. (NASDAQ: STLD) had its price target lowered by analysts at Bank of America Co. from $150.00 to $145.00. They now have a "neutral" rating on the stock.MarketBeat
- Is First Trust Rising Dividend Achievers ETF (RDVY) a Strong ETF Right Now? [Yahoo! Finance]Yahoo! Finance
- Capital Investments At Steel Dynamics (NASDAQ:STLD) Point To A Promising Future [Yahoo! Finance]Yahoo! Finance
- Steel Dynamics (STLD) Stock Drops Despite Market Gains: Important Facts to Note [Yahoo! Finance]Yahoo! Finance
STLD
Earnings
- 4/23/24 - Beat
STLD
Sec Filings
- 6/28/24 - Form 8-K
- 6/27/24 - Form 424B2
- 6/26/24 - Form FWP
- STLD's page on the SEC website