Steel Dynamics surges on Q3 beat, as steel prices stabilized and improved [Seeking Alpha]
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: Seeking Alpha
Q3 net income fell to $318M, or $2.05/share, compared to net income in Q2 of $428M, or $2.72/share, and prior-year Q3 of $577M, or $3.47/share, and revenue fell, as expected, to $4.34B, due to lower average realized steel pricing, primarily within the flat rolled operations where ~80% of the business is contractually based and tied to lagging pricing indices. The company said steady steel demand, coupled with continued low customer inventory and stabilized scrap prices, resulted in stabilization and improvement in flat rolled steel prices during the latter part of Q3. Steel Dynamics ( STLD ) said it expects pricing will recover in an anticipated lower domestic interest rate environment and continuing onshoring of manufacturing businesses in the U.S. The company also said value-added flat rolled steel pricing spreads remained resilient, which aided Q3 earnings since Steel Dynamics ( STLD ) is North America's largest producer of the products and growing. Most other steel produc
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STLD
News
- Steel Dynamics, Inc. (NASDAQ: STLD) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Stock Market News for Feb 11, 2025 [Yahoo! Finance]Yahoo! Finance
- Steel Dynamics, Inc. (NASDAQ: STLD) was upgraded by analysts at KeyCorp from a "sector weight" rating to an "overweight" rating. They now have a $155.00 price target on the stock.MarketBeat
- Morning Bid: Powell and Steel, with AI in play [Yahoo! Finance]Yahoo! Finance
- Morning Bid: Powell and Steel, with AI in play [Yahoo! Finance Canada]Yahoo! Finance Canada
STLD
Earnings
- 1/22/25 - Beat
STLD
Sec Filings
- 2/12/25 - Form 4
- 2/11/25 - Form 144
- 2/5/25 - Form SCHEDULE
- STLD's page on the SEC website