Categories Earnings, Industrials

Steel Dynamics (STLD) announces guidance for Q3 2024

Steel Dynamics, Inc.  (NASDAQ: STLD), a company engaged in steel production and metal recycling in North America, has provided guidance for the third quarter ending September 30, 2024.

  • The company said it expects earnings in the range of $1.94 per share to $1.98 per share for the third quarter, compared to $3.47 per share in the prior-year quarter.
  • Profitability from steel operations is expected to be meaningfully lower in Q3 than in the second quarter of 2024
  • Q3 profit from metals recycling operations is expected to be in line with earnings generated in the preceding quarter
  • Earnings from steel fabrication operations are expected to be moderately lower than in Q2 2024, based on an anticipated slight decline in average realized pricing
  • The order backlog remains steady, extending into the first quarter of fiscal 2025 at attractive pricing levels
  • The company repurchased $307 million, or 2%, of its common shares during the third quarter, through September 11, 2024
  • The third quarter 2024 earnings report is expected to come on Wednesday, October 16, 2024, after the closing bell

Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.

Most Popular

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

Key highlights from Exxon Mobil Corporation’s (XOM) Q3 2024 earnings results

Exxon Mobil Corporation (NYSE: XOM) reported its third quarter 2024 earnings results today. Total revenues and other income remained relatively flat at $90 billion compared to the same period a

AAPL Earnings: Apple Q4 2024 sales rise 6% YoY, beat estimates

Apple Inc. (NASDAQ: AAPL) reported an increase in revenues for the fourth quarter of 2024. The top line came in above estimates. The gadget giant generated revenues of $94.9 billion

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top