Steel Dynamics (STLD) Sees Q2 Earnings to Fall on Lower Pricing
Steel Dynamics(STLD) ZACKS·2024-06-18 22:45
Steel Dynamics, Inc. (STLD) announced its earnings guidance for second-quarter 2024, projecting it in the range of $2.64-$2.68 per share. 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 ...