Steel Dynamics' (STLD) Q4 Earnings Lag Estimates, Sales Beat
STLDSteel Dynamics(STLD) Zacks Investment Research·2024-01-24 20:56

Steel Dynamics, Inc. (STLD) logged fourth-quarter 2023 earnings of 2.61pershare,downfrom2.61 per share, down from 3.61 in the year-ago quarter. It lagged the Zacks Consensus Estimate of 2.63.Netsalesinthefourthquarterweredownaround12.32.63. Net sales in the fourth quarter were down around 12.3% year over year to 4,233.4 million. It, however, surpassed the Zacks Consensus Estimate of 4,112.4million.SegmentHighlightsNetsalesforsteeloperationswere4,112.4 million. Segment Highlights Net sales for steel operations were 2,915.3 million in the reported quarter, down around 0.8% year over year. STLD registered steel shipments of roughly 3 ...