Steel Dynamics(STLD)
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Steel Dynamics Reports Third Quarter 2024 Results
Prnewswire· 2024-10-17 04:30
FORT WAYNE, Ind., Oct. 16, 2024 /PRNewswire/ --Third Quarter 2024 Performance Highlights:Steel shipments of 3.2 million tonsNet sales of $4.3 billion, operating income of $395 million, net income of $318 million, and adjusted EBITDA of $557 millionCash flow from operations of $760 millionStrong liquidity of $3.1 billion, as of September 30, 2024Share repurchases of $310 million of the company's common stock, representing 1.6 percent of its outstanding sharesSteel Dynamics, Inc. (NASDAQ/GS: STLD) today annou ...
What's in the Cards for Steel Dynamics Stock in Q3 Earnings?
ZACKS· 2024-10-16 04:01
Steel Dynamics, Inc. (STLD) is set to release third-quarter 2024 results after the closing bell on Oct. 16.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Steel Dynamics’ earnings beat the Zacks Consensus Estimate in two of the last four quarters while missed twice. It has a trailing four-quarter earnings surprise of roughly 1.1%, on average. The company posted an earnings surprise of around 1.9% in the last reported quarter. Its third-quarter results are likely to have been impacte ...
Exploring Analyst Estimates for Steel Dynamics (STLD) Q3 Earnings, Beyond Revenue and EPS
ZACKS· 2024-10-11 22:20
Analysts on Wall Street project that Steel Dynamics (STLD) will announce quarterly earnings of $1.98 per share in its forthcoming report, representing a decline of 42.9% year over year. Revenues are projected to reach $4.25 billion, declining 7.4% from the same quarter last year.The consensus EPS estimate for the quarter has undergone a downward revision of 15.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estima ...
Earnings Preview: Steel Dynamics (STLD) Q3 Earnings Expected to Decline
ZACKS· 2024-10-09 23:03
Steel Dynamics (STLD) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on October 16, 2024, might help the stock move higher if these key numbers are better t ...
Steel Dynamics (STLD) Ascends But Remains Behind Market: Some Facts to Note
ZACKS· 2024-10-05 07:20
In the latest market close, Steel Dynamics (STLD) reached $128.22, with a +0.53% movement compared to the previous day. The stock fell short of the S&P 500, which registered a gain of 0.9% for the day. Elsewhere, the Dow saw an upswing of 0.81%, while the tech-heavy Nasdaq appreciated by 1.22%.Heading into today, shares of the steel producer and metals recycler had gained 14.57% over the past month, outpacing the Basic Materials sector's gain of 7.23% and the S&P 500's gain of 3.15% in that time.Investors w ...
Wabash Inks Deal With Steel Dynamics to Source Key Steel Components
ZACKS· 2024-09-27 21:56
Wabash National Corporation (WNC) , a leading semi-trailer manufacturer in North America, has entered into a 10-year strategic agreement with Steel Dynamics, Inc. (STLD) , a major steel producer and recycler in the region. The partnership ensures a steady supply of key steel components, such as hot-rolled, galvanized and painted steel coils, as well as steel cross members, for Wabash’s range of transportation solutions, including van trailers, tank trailers, platform trailers and truck bodies.Per Richard Ma ...
Steel Dynamics (STLD) Registers a Bigger Fall Than the Market: Important Facts to Note
ZACKS· 2024-09-26 07:20
文章核心观点 - 钢铁动力公司(Steel Dynamics, STLD)最近的交易价格为123.34美元,较前一交易日下跌1.07% [1] - 公司股价表现落后于标普500指数的0.19%下跌 [1] - 过去一个月,公司股价上涨2.69%,低于基础材料板块3.7%的涨幅,但高于标普500指数1.95%的涨幅 [1] 公司财务表现 - 公司预计将于2024年10月16日公布财报,预计每股收益(EPS)为1.94美元,同比下降44.09% [1] - 预计第四季度营收为42.5亿美元,同比下降7.35% [1] - 全年预计每股收益10.32美元,同比下降30.97%;营收176.4亿美元,同比下降6.16% [2] 行业地位 - 公司所属钢铁生产行业目前在250多个行业中排名第150位,处于底部41%区间 [3] - 研究显示,排名前50%的行业,其表现是排名后50%的2倍 [4]
Steel Dynamics Expects Lower Q3 Earnings Amid Pricing Pressures
ZACKS· 2024-09-17 20:40
Steel Dynamics, Inc. (STLD) has issued earnings guidance for the third quarter of 2024 in the $1.94-$1.98 per share range. This represents a decline from the company's second-quarter 2024 earnings of $2.72 per share and its third-quarter 2023 earnings of $3.47.STLD’s steel operations profitability is expected to be significantly lower than the second quarter due to reduced average realized pricing in the flat rolled operations. Approximately 80% of this business is contract-based, linked to lagging pricing ...
Steel Dynamics (STLD) Stock Slides as Market Rises: Facts to Know Before You Trade
ZACKS· 2024-09-11 07:21
In the latest trading session, Steel Dynamics (STLD) closed at $108.74, marking a -1.81% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.45%. Meanwhile, the Dow lost 0.23%, and the Nasdaq, a tech-heavy index, added 0.84%.The steel producer and metals recycler's shares have seen a decrease of 4.51% over the last month, not keeping up with the Basic Materials sector's loss of 0.34% and the S&P 500's gain of 2.54%.The investment community will be closely monitoring ...
Steel Dynamics, Along with Several Other Organizations, Files Trade Petitions Against Countries on Corrosion Resistant Flat Rolled Steel
Prnewswire· 2024-09-06 03:15
FORT WAYNE, Ind., Sept. 5, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today petitioned the Department of Commerce (DOC) and the U.S. International Trade Commission (ITC) to apply antidumping duties against imports of corrosion resistant flat rolled steel (CORE) from Australia, Brazil, Canada, Mexico, the Netherlands, South Africa, Taiwan, Turkey, UAE, and Vietnam, and countervailing duties against imports of CORE from Brazil, Canada, Mexico, and Vietnam. The company was joined by four other ...